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Bishop St Nw
Atlanta, GA 30318

Status: Inactive
Listing ID: 56698922

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Property Information

  • Source ID: 21271131
  • Days On Site: 40
  • Plaintiff: BISHOP STREET INVESTMENTS LLC
  • Defendant Name: 450 PROJECT LLC
  • Recording Book: 62382
  • Trustee Name: MCLAIN AND MERRITT P C
  • Trustee City: ATLANTA
  • Trustee Address: 3445 PEACHTREE ROAD NE SUITE 500
  • Trustee State: GA
  • Trustee Zip: 30326
  • Trustee Phone: (404) 266-9171
  • Deed Category: NTS

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: 10-05-2021
  • Auction Address: 136 PRYOR ST SW
  • Auction City: ATLANTA
  • Auction Zip: 30303

    Property Classification

  • Classification Id: Notice of Trustee Sale
  • Classification Desc: This announcement, which is made available to the public by law, describes the date, time and other details of a trustees sale. Finding out about these auctions first will give you more time to research potential bargains and help you get the jump on other investors.

    Loan Information

  • 1st Mortgage Date: 10-02-2020

    NEW Credit Information Center

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Listing History

Start Date End Date Listing Type Bank Name
04/27/20 05/05/20 Preforeclosure WILLIAM PESKIN

Atlanta, GA
Home Inspectors

Gerald Simmons & Associates
Gerald Simmons
404-281-3734
Keystone Property Inspections, LLC
Kenneth (Kip) R. McCullough Jr.
404-663-5955
Home Inspections by Don
Don Fountain
404-272-4350
DreamHouse Home Inspections
Ken Mingo
Inspectors Associates, Inc.
Stan A Garnet
770-512-8228
foreclosure.com

Bishop St Nw
Atlanta, GA 30318

 

Status: Inactive Listing ID: 56698922

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Property Description

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Listing URL

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