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Orchard Lake Dr
Louisville, KY 40218

Status: Inactive
Listing ID: 57595949

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Property Information

  • Source ID: 21435275
  • Day(s) On Site: 119
  • Subdivision: ORCHARD LAKE AT BRECKENRIDGE
  • Plaintiff: ORCHARD LAKES HOMEOWNERS ASSOCIATION INC
  • Defendant Name: WOOLEY TIMOTHY A
  • Case Number: 22CI400009
  • Recording Date: 01-05-2022
  • Document Book: 2386
  • Document Page: 601
  • Trustee Name: MCCLAIN DEWEES PLLC
  • Trustee Address: 6008 BROWNSBORO PARK BLVD SUITE H
  • Trustee City: LOUISVILLE
  • Trustee State: KY
  • Trustee Zip: 40201
  • Trustee Phone: (502) 749-2388
  • Deed Category: LP
  • Document Number: 2022004583

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Public Records

  • Land Area Sqft: 10,385
  • APN: 341001720000
  • Property Type: Single Family Residence
  •  
  • Subdivision: ORCHARD LAKE AT BRECKENRIDGE

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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Louisville, KY
Home Inspectors
Greg Jones Home Inspections & Associates, LLC
Greg Jones
502-429-9379
AAA PROFESSIONAL HOME INSPECTORS
Jack McNear
5023950354
ProChek Home Inspections, LLC
Darryl Willoughby
502-802-6336
Homes On This Street
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Orchard Lake Dr
Louisville, KY 40218

 

Status: Inactive Listing ID: 57595949

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=Orchard-Lake-Dr-Louisville-KY-40218/57595949_lid

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