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Branham Ave Sw
Rome, GA 30161

Status: Inactive
Listing ID: 56974540

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Property Information

  • Source ID: 21333862
  • Day(s) On Site: 58
  • Parcel Number: 114W 428
  • Case Number: 21cv01400jfl002
  • Recording Date: 08-19-2021
  • Document Book: 245
  • Document Page: 465
  • Trustee Address: P O BOX 29
  • Trustee Name: MCRAE SMITH PEEK HARMAN AND MONROE LLP
  • Trustee City: ROME
  • Trustee State: GA
  • Trustee Zip: 30149
  • Trustee Phone: (706) 291-6223
  • Deed Category: LP
  •  

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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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Rome, GA
Home Inspectors
HomeTeam Inspection Of NW Metro Atlanta
Scott Irmscher
770-547-2096
Northwest Inspection, LLC
Bill Flammer
7702655205
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Branham Ave Sw
Rome, GA 30161

 

Status: Inactive Listing ID: 56974540

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