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Ne 1475 Ave
Greenfield, IL 62044

Status: Inactive
Listing ID: 56777995

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Property Information

  • Living Area Size: 0
  • Lot Size: 2.50 acres
  • Source ID: 292955572
  • Parcel Number: 07-120-13-7-1
  • Property Type: Single Family Dwelling
  • Plaintiff: New American Funding
  • Defendant Name: HEATHER WALTERS
  • Case Number: 2021CH6
  • Recording Date: 09-29-2021
  • Judgment Date: 09-02-2021
  • Trustee Address: 223 W Jackson Blvd
  • Trustee City: Chicago
  • Trustee State: IL
  • Trustee Zip: 60606
  • Deed Category: NFS

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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.


Auction Information

  • Auction Date: 10-28-2021
  • Auction Time: 9:00 AM
  • Auction Address: 519 North Main
  • Auction City: Carrollton

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Listing History

Start Date End Date Listing Type Bank Name
10/25/21 10/28/21 Preforeclosure NEW AMERICAN FUNDING

Ne 1475 Ave
Greenfield, IL 62044



Status: Inactive Listing ID: 56777995

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