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Canyon Ct Apt B
Willoughby, OH 44094

Status: Inactive
Listing ID: 56768044

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Property Information

  • Appraised Value: $126,000
  • Parcel Number: 27-A-006-H-00-026-0
  • Plaintiff: Towd Point Mortgage Trust 2020-3**2nd Sale Date 11/29/2021**
  • Defendant Name: Balazs, Kathryn G.
  • Case Number: 21CF000711
  • Deed Category: NFS
  • Mortgage Balance: $84,461

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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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Auction Information

  • Auction Date: 11-08-2021
  • Auction Time: 10:00 AM
  • Auction Location: Main floor of the Lake County Court House, 25 North Park Place, Painesville, OH 44077

    Loan Information

  • Mortgage Balance: $84,461

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Listing History

Start Date End Date Listing Type Bank Name
10/07/21 11/29/21 Preforeclosure TOWD POINT MORTGAGE TRUST 2...

Willoughby, OH
Home Inspectors

American Building Inspectors, Inc.
Maureen Strbac
440-951-1655
Camelot Home Inspections, Inc.
Erick Miller
440-602-9797
foreclosure.com

Canyon Ct Apt B
Willoughby, OH 44094

 

Status: Inactive Listing ID: 56768044

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Listing URL

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