$479,024 EMV

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Belmore Ave
Islip Terrace, NY 11752


This Single-Family Preforeclosure is located at Belmore Ave, Islip Terrace, NY 11752. It has This property is currently in pre-foreclosure with an estimated market value of $479,024.
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Status: Active
Listing ID: 59117160

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Not in Foreclosure



Bank Owned

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Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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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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Rental Value

The estimated rental value for Belmore Ave located in Islip Terrace, NY is $2,780/month. Comparable homes around Belmore Ave that are rentals have monthly ranges starting as low as $2,220 per month and as high as $3,340 per month. An owner looking to use this property as an investment could bring a return in the area of $2,220 - $3,340 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
03/22/19 11/17/19 Preforeclosure CITIBANK N A


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Homes On This Street
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Belmore Ave
Islip Terrace, NY 11752


$479,024 EMV

Status: Active Listing ID: 59117160

Property Information

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Public Records

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Property Description

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