4 Beds   2 Baths   1,248 Sq. Ft.   Single-Family
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Martin Dr
North Royalton, OH 44133

Status: Active
Listing ID: 57491292

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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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Listing History

Start Date End Date Listing Type Bank Name
08/27/13 05/24/14 Bankruptcy

North Royalton, OH
Home Inspectors
Royal Home Inspections LLC
Stefano Costa
440-346-4793
Top Tier Home Inspections, LLC
Thomas Staab
216-409-8610
Safe Home Services
Michael MacKay
440-237-4797
Homes On This Street
View more homes on Martin Dr
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Martin Dr
North Royalton, OH 44133

4 Beds   2 Baths   1,248 sq. ft.   Single-Family

 

Status: Active Listing ID: 57491292

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=Martin-Dr-North-Royalton-OH-44133/57491292_lid

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