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N Wabash Ave
Chicago, IL 60602

Status: Inactive
Listing ID: 57949832

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Property Information

  • Source ID: 21524778
  • Day(s) On Site: 47
  • Case Number: 2019 CH 13775
  • Trustee City: CHICAGO
  • Trustee Name: COHON RAIZES AND REGAL LLP
  • Trustee Address: 208 S LASALLE ST SUITE 1440
  • Trustee State: IL
  • Trustee Zip: 60604
  • Trustee Phone: (312) 726-2252
  • Trustee Reference Number: 42-1885
  • Deed Category: NFS
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Public Records

  • APN: 17-10-309-016-1013
  • Property Type: Commercial (condominium)

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: 07-01-2022
  • Auction Time: 10:30 AM

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Chicago, IL
Home Inspectors
Pentagon Inspections & Services, Inc
Jonathan Howard
3127249000
Keeshin Inspection Services
Stuart Keeshin
773-871-2356
Reliant Inspection Service Corp.
Fidel F. Gonzales
630-935-7170
True Blue Home Inspections, Inc.
James Clark
3129250166
Homes On This Street
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N Wabash Ave
Chicago, IL 60602

 

Status: Inactive Listing ID: 57949832

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-Wabash-Ave-Chicago-IL-60602/57949832_lid

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