2 Beds   2 Baths   1,152 Sq. Ft.
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Kings Cove Ct
Rochester Hills, MI 48306

Status: Inactive
Listing ID: 57339238

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Property Information

  • Bedrooms: 2
  • Bathrooms: 2
  • Living Area Size: 1,152
  • Year Built: 1974
  • Source ID: 21383713
  • Day(s) On Site: 122
  • Subdivision: KINGS COVE CONDO
  • Defendant Name: RICHARD W GORGES
  • Plaintiff: SUPERIOR NATIONAL BANK AND TRUST COMPANY
  • Recording Book: 53323
  • Trustee Address: 2 TOWNE SQUARE SUITE 825
  • Trustee Name: STANCATO TRAGGE WELLS PLLC
  • Trustee City: SOUTHFIELD
  • Trustee State: MI
  • Trustee Zip: 48033
  • Trustee Phone: (248) 731-4500
  • Deed Category: NFS
  • Mortgage Balance: $106,529

Potential Home Value

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Public Records

  • Bedrooms: 2
  • Baths: 2
  • Full Baths: 2
  • Rooms: 4
  • No. of Stories: 2
  • Basement Sqft: 576
  • Parking: DETACHED GARAGE
  • Parking Sqft: 200
  • Air Conditioning: CENTRAL
  • Fireplaces: YES
  • Exterior Wall Type: ASPHALT SIDING
  • Heating Fuel: ELECTRIC
  • Heating Type: FORCED AIR
  • Roof Material: ASPHALT
  • Roof Type: GABLE
  • Land Area Sqft: 43,560
  • Year Built: 1974
  • APN: 15-03-327-015
  • Property Type: Condominium
  • Township: ROCHESTER HILLS
  • Living Sqft: 1,152
  • Basement Finish Type: UNFINISHED
  • Garage: DETACHED
  • Sewer Type: PUBLIC
  • Subdivision: KINGS COVE CONDO
  •  

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: 02-22-2022
  • Auction Time: 10:00 AM
  • Auction Address: 1200 N. TELEGRAPH RD
  • Auction City: PONTIAC

    Loan Information

  • 1st Mortgage Date: 09-24-2019
  • Mortgage Balance: $106,529

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Listing History

Start Date End Date Listing Type Bank Name
01/18/22 02/22/22 Preforeclosure Superior National Bank

Rochester Hills, MI
Home Inspectors
The BrickKicker Home Inspections of Metro Detroit
Steven C Schlicker
2488908182
Basement to Roof Home Inspections
Don Torchia
2482246332
Homes On This Street
View more homes on Kings Cove Ct
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Kings Cove Ct
Rochester Hills, MI 48306

2 Beds   2 Baths   1,152 sq. ft.

 

Status: Inactive Listing ID: 57339238

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Kings-Cove-Ct-Rochester-Hills-MI-48306/57339238_lid

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