3 Beds   2 Baths   2,004 Sq. Ft.

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Jo Pass
East Lansing, MI 48823

Status: Inactive
Listing ID: 56722590

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 2,004
  • Year Built: 1994
  • Source ID: 21276486
  • Subdivision: KEYSTONE
  • Plaintiff: HORIZON BANK
  • Defendant Name: LAURA A CHAPPELLE
  • Recording Book: 3296
  • Trustee City: SOUTHFIELD
  • Trustee Name: JAFFE RAITT HEUER AND WEISS PC
  • Trustee Address: 27777 FRANKLIN ROAD SUITE 2500
  • Trustee State: MI
  • Trustee Zip: 48034
  • Trustee Phone: (248) 351-3000
  • Deed Category: NFS
  • Mortgage Balance: $272,332
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Public Records

  • Bedrooms: 3
  • Baths: 2
  • Full Baths: 2
  • Rooms: 7
  • No. of Stories: 1
  • Basement Sqft: 1,428
  • Parking: ATTACHED GARAGE
  • Parking Sqft: 484
  • Fireplaces: YES
  • Exterior Wall Type: ALUMINUM/VINYL
  • Heating Fuel: GAS
  • Heating Type: FORCED AIR
  • Roof Material: ASPHALT
  • Roof Type: GABLE
  • Land Area Sqft: 12,806
  • Year Built: 1994
  • APN: 02-02-16-126-031
  • Property Type: Single Family Residence
  • Township: MERIDIAN CHARTER TWP
  • Front Footage: 137
  • Depth Footage: 128
  • Living Sqft: 2,004
  • Garage: ATTACHED
  • Sewer Type: PUBLIC
  • Subdivision: KEYSTONE
  •  

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: 10-14-2021
  • Auction Time: 10:00 AM
  • Auction Address: 315 S JEFFERSON ST
  • Auction City: MASON

    Loan Information

  • 1st Mortgage Date: 02-27-2008
  • Mortgage Balance: $272,332

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Listing History

Start Date End Date Listing Type Bank Name
09/16/21 10/14/21 Preforeclosure Tmmj Investments LLC

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Jo Pass
East Lansing, MI 48823

3 Beds   2 Baths   2,004 sq. ft.

 

Status: Inactive Listing ID: 56722590

Property Information

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Public Records

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Property Description

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Listing URL

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