1 Bed   2 Baths
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N Bayshore Dr Apt 711
Miami, FL 33137

Status: Active
Listing ID: 56844065

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View Foreclosure Status
03/30/22
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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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
04/05/22   Preforeclosure
03/30/22   Preforeclosure Biscayne 21 Condominium Inc

Miami, FL
Home Inspectors
Cabal Inspection Services
Ralph Cabal
305-256-7369
Assoc. Bldg Inspectors of FL.
Tim Hamilton
305-378-4555
Homes On This Street
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N Bayshore Dr Apt 711
Miami, FL 33137

1 Bed   2 Baths

 

Status: Active Listing ID: 56844065

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=N-Bayshore-Dr-Apt-711-Miami-FL-33137/56844065_lid

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