$158,740 EMV

5 Beds   3 Baths   2,150 Sq. Ft.   Single-Family
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College St
Wadsworth, OH 44281

Status: Active
Listing ID: 56888713

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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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Listing History

Start Date End Date Listing Type Bank Name
06/05/08 01/21/09 For Sale By Owner

Wadsworth, OH
Home Inspectors
Bee Sure Home Inspections
Joe Glas
Construction Degreed Home Inspector® Plumb Line
David Szalay
Footer to Ridge Property Inspections LLC
Thomas L. Mountjoy
Pillar to Post Paul Ferguson Team
Brian Clark
Pillar to Post Paul Ferguson Team
J Mark Hershberger
Homes On This Street
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College St
Wadsworth, OH 44281

5 Beds   3 Baths   2,150 sq. ft.   Single-Family

$158,740 EMV

Status: Active Listing ID: 56888713

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Public Records

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Property Description

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