1 Bath   885 Sq. Ft.   Condo
Get the Preforeclosure Address

Beacon St Unit 31
North Chicago, IL 60064

*Rental Value Coming Soon


This Condo is located at Beacon St Unit 31, North Chicago, IL 60064. 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. It has 1 Bath , 885 sqft of living space.
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Status: Inactive
Listing ID: 57927954

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Property Information

  • Bathrooms: 1
  • Living Area Size: 885
  • Lot Size: 0.06 acres
  • Year Built: 1972
  • Source ID: 175598506
  • Day(s) On Site: 308
  • Parcel Number: 12-07-100-037
  • Property Type: Condo
  • Plaintiff: Old National Bank
  • Defendant Name: STEPHEN POTTER
  • Case Number: 22FC292
  • Recording Date: 04-25-2022
  • Trustee Address: 2250 W Golf Rd Unit 250
  • Trustee City: Rolling Meadows
  • Trustee State: IL
  • Trustee Zip: 60008
  • Trustee Phone: (847) 590-8700
  • Deed Category: LP


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.


    Loan Information

  • 1st Mortgage Date: 02-13-2010

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Homes On This Street
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Beacon St Unit 31
North Chicago, IL 60064

1 Bath   885 sq. ft.   Condo


Status: Inactive Listing ID: 57927954

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