1 Bath
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Bates St Se
Grand Rapids, MI 49506

Status: Inactive
Listing ID: 56909161

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Property Information

  • Bathrooms: 1
  • Total Square Feet: 1,232
  • Year Built: 1920
  • Day(s) On Site: 67
  • Sale Type: ForeclosureTrustee
  • Source Status: Live Event
  • Deed Category: NFS
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Public Records

  • Land Area Sqft: 6,969
  • APN: 41-14-32-181-020
  • Property Type: Single Family Residence
  • Township: CITY OF GRAND RAPIDS

Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins 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: 12-15-2021

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Listing History

Start Date End Date Listing Type Bank Name
11/29/21 12/15/21 Preforeclosure JPMORGAN CHASE BANK

Grand Rapids, MI
Home Inspectors
Eric R Stone
616-889-0043
The Home Examiner LLC
Steve Yared
616-516-2703
Caverley Home Inspections
Patrick Caverley
616-835-1729
Home Inspection Service of MI
Charles Wiersum
800-637-4503
Alert Inspections Services LLC
Ben Grooters
Homes On This Street
View more homes on Bates St Se
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Bates St Se
Grand Rapids, MI 49506

1 Bath

 

Status: Inactive Listing ID: 56909161

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Bates-St-Se-Grand-Rapids-MI-49506/56909161_lid

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