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Memorial Dr
Decatur, GA 30032

Status: Inactive
Listing ID: 56729352

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Property Information

  • Source ID: 21280166
  • Days On Site: 36
  • Plaintiff: WELLS FARGO BANK NA
  • Recording Book: 23455
  • Defendant Name: ARIEL BELVEDERE OWNER HOLDINGS LLC
  • Trustee Name: CALDWELL AND BERKOWITZ PC
  • Trustee Address: 3414 PEACHTREE ROAD NE
  • Trustee City: ATLANTA
  • Trustee State: GA
  • Trustee Zip: 30326
  • Trustee Phone: (404) 577-6000
  • Deed Category: NTS
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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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Auction Information

  • Auction Date: 10-05-2021
  • Auction Address: 556 N MCDONOUGH ST
  • Auction City: DECATUR
  • Auction Zip: 30030

    Property Classification

  • Classification Id: Notice of Trustee Sale
  • Classification Desc: This announcement, which is made available to the public by law, describes the date, time and other details of a trustees sale. Finding out about these auctions first will give you more time to research potential bargains and help you get the jump on other investors.

    Loan Information

  • 1st Mortgage Date: 11-21-2012

    NEW Credit Information Center

  • Want to fix your credit before buying?: Learn how
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Decatur, GA
Home Inspectors

Nathaniel Bradley
404-218-1040
Marion (Will) W Hodges
678-755-7456
Home Probe, Inc
Jose Gonzales
404-218-1040
Home Probe, Inc
Wayman C. Anderson Jr.
404-218-1040
The Inspection Company of Georgia, Inc.
Michael W Collins-Smythe, ACI
404-655-8179
foreclosure.com

Memorial Dr
Decatur, GA 30032

 

Status: Inactive Listing ID: 56729352

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