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Okey L Patteson Rd
Scarbro, WV 25917

Status: Inactive
Listing ID: 56698342

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Property Information

  • Source ID: 21269714
  • Days On Site: 39
  • Plaintiff: QUICKEN LOANS INC
  • Defendant Name: ROMEY SIDNEY YOHO
  • Recording Book: 922
  • Trustee Name: SENECA TRUSTEES INC
  • Trustee Address: 5000 COOMBS FARM DRIVE SUITE 104
  • Trustee City: MORGANTOWN
  • Trustee State: WV
  • Trustee Zip: 26508
  • Trustee Phone: (304) 413-0044
  • Trustee Reference Number: 78458
  • Deed Category: NTS

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: 09-20-2021
  • Auction Time: 02:30 PM
  • Auction Address: 100 COURT STREET
  • Auction City: FAYETTEVILLE

    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: 10-17-2013

    NEW Credit Information Center

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Listing History

Start Date End Date Listing Type Bank Name
07/19/21 08/02/21 Preforeclosure QUICKEN LOANS INC
07/11/21 09/20/21 Preforeclosure

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Okey L Patteson Rd
Scarbro, WV 25917

 

Status: Inactive Listing ID: 56698342

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