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Mcrae Ave
Mobile, AL 36606

Status: Inactive
Listing ID: 56798208

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Property Information

  • Source ID: 21303112
  • Day(s) On Site: 51
  • Subdivision: DELRAY PLACE
  • Plaintiff: NEWREZ LLC
  • Defendant Name: TIMOTHY O HALE JR
  • Trustee City: BIRMINGHAM
  • Trustee Name: MCCALLA RAYMER LEIBERT AND PIERCE LLC
  • Trustee Address: 2 NORTH TWENTIETH STREET SUITE 1310
  • Trustee State: AL
  • Trustee Zip: 35203
  • Trustee Phone: (205) 216-4238
  • Trustee Reference Number: 9117719
  • Deed Category: NFS
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Public Records

  • Land Area Sqft: 24,891
  • APN: R-02-29-09-51-0-006-167
  • Property Type: Single Family Residence
  • Subdivision: DELRAY PLACE

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: 11-18-2021
  • Auction Address: 205 GOVERNMENT STREET
  • Auction City: MOBILE
  • Auction Zip: 36602

    Loan Information

  • 1st Mortgage Date: 08-17-2007

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Mobile, AL
Home Inspectors

Affordable Home Inspections LLC
Harry Crump
251-454-2179
Inspect Mobile, LLC
Doug Johnson
251-295-7254
foreclosure.com

Mcrae Ave
Mobile, AL 36606

 

Status: Inactive Listing ID: 56798208

Property Information

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Public Records

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Property Description

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Listing URL

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