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Rossman Ave Se
Grand Rapids, MI 49507

Status: Inactive
Listing ID: 56815133

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Property Information

  • Source ID: 21307457
  • Day(s) On Site: 94
  • Plaintiff: WILMINGTON SAVINGS FUND SOCIETY FSB INC
  • Defendant Name: RICHARD BROWN
  • Case Number: 21MI00265-1
  • Trustee Name: RANDALL S MILLER AND ASSOCIATES PC
  • Trustee Address: 43252 WOODWARD AVENUE SUITE 180
  • Trustee City: BLOOMFIELD HILLS
  • Trustee State: MI
  • Trustee Zip: 48302
  • Trustee Phone: (248) 335-9200
  • Deed Category: NFS
  • Mortgage Balance: $83,054

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Public Records

  • Land Area Sqft: 5,227
  • APN: 41-18-05-278-037
  • Property Type: Single Family Residence
  • Township: CITY OF GRAND RAPIDS

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: 11-17-2021
  • Auction Time: 10:00 AM
  • Auction Address: 180 OTTAWA AVENUE NW
  • Auction City: GRAND RAPIDS

    Loan Information

  • 1st Mortgage Date: 11-26-2014
  • Mortgage Balance: $83,054

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Grand Rapids, MI
Home Inspectors
Home Inspection Service of MI
Charles Wiersum
800-637-4503
Caverley Home Inspections
Patrick Caverley
616-835-1729
Eric R Stone
616-889-0043
The Home Examiner LLC
Steve Yared
616-516-2703
Alert Inspections Services LLC
Ben Grooters
Homes On This Street
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Rossman Ave Se
Grand Rapids, MI 49507

 

Status: Inactive Listing ID: 56815133

Property Information

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Public Records

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Property Description

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Listing URL

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