Single-Family
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Banwell Rd
Alanson, MI 49706

*Rental Value Coming Soon

Overview

This Single-Family is located at Banwell Rd, Alanson, MI 49706. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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Status: Inactive
Listing ID: 59693713
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Learn about Banwell Rd in Alanson, MI

This single-family property is available as a preforeclosure at Banwell Rd. Based on our analysis of the current market conditions in Alanson for Banwell Rd and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Banwell Rd are updated daily along with others in Alanson, Michigan.


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Property Information

  • Source ID: 21868298
  • Day(s) On Site: 115
  • Assessed Value: $50,200
  • Parcel Number: 07-17-24-400-022
  • Property Type: Single Family Dwelling
  • Defendant Name: STEPHEN G WYSOCKI
  • Plaintiff: Wilmington Savings Fund Society Fsb Inc
  • Last Sale Amount: $15,000
  • Last Sale Date: 07-01-1996
  • Recording Book: 912
  • Trustee Name: Orlans PC
  • Trustee Address: 1650 West Big Beaver Road
  • Trustee City: TROY
  • Trustee State: MI
  • Trustee Zip: 48084
  • Trustee Phone: (248) 502-1400
  • Trustee Reference Number: 23-000654
  • Deed Category: NFS
  • Mortgage Balance: $80,269

Public Records

  • Land Area Sqft: 460,865
  • APN: 07-17-24-400-022
  • Property Type: Single Family Residence
  • Township: LITTLEFIELD TWP

Preforeclosure

The property located at Banwell Rd in Alanson, MI is listed as a Preforeclosure

The process of preforelcosure with properties like Banwell Rd in Alanson, Michigan begin when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Auction Information

  • Auction Date: 03-29-2023
  • Auction Time: 09:00 AM
  • Auction Address: 200 Division St # G34
  • Auction City: Petoskey

Loan Information

  • 1st Mortgage Date: 11-07-2002
  • Mortgage Balance: $80,269

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Banwell Rd
Alanson, MI 49706

Single-Family

 

Status: Inactive Listing ID: 59693713

Property Information

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Public Records

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Property Description

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Listing URL

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