$164,341 EMV

2 Beds   2 Baths
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S Semoran Blvd Apt 1503
Orlando, FL 32822

Overview

This Preforeclosure is located at S Semoran Blvd Apt 1503, Orlando, FL 32822. It has 2 Beds, 2 Baths. This property is currently in pre-foreclosure with an estimated market value of $164,341
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Status: Inactive
Listing ID: 57316279

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Property Information

  • Bedrooms: 2
  • Bathrooms: 2
  • Year Built: 1990
  • Day(s) On Site: 214
  • Subdivision: CENTRE COURT CONDO 04 PH 02
  • Plaintiff: NATIONSTAR MORTGAGE
  • Defendant Name: PEDRO SOLERO
  • Recording Date: 01-13-2022
  • Deed Category: NOD

Potential Home Value

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Public Records

  • Bedrooms: 2
  • Baths: 2
  • Full Baths: 2
  • Exterior Wall Type: CONCRETE BLOCK/STUCCO
  • Year Built: 1990
  • APN: 30-23-04-1273-15-030
  • Property Type: Condominium
  • Township: ORLANDO
  • Subdivision: CENTRE COURT CONDO 04 PH 02

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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    Loan Information

  • 1st Mortgage Date: 06-06-2008
  • 1st Mortgage Amount: $223,500

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Rental Value

The estimated rental value for S Semoran Blvd Apt 1503 located in Orlando, FL is $960/month. Comparable homes around S Semoran Blvd Apt 1503 that are rentals have monthly ranges starting as low as $973 per month and as high as $1,010 per month. An owner looking to use this property as an investment could bring a return in the area of $973 - $1,010 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
06/14/22   Short Sale
01/13/22 08/11/22 Preforeclosure NATIONSTAR MORTGAGE LLC
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S Semoran Blvd Apt 1503
Orlando, FL 32822

2 Beds   2 Baths

$164,341 EMV

Status: Inactive Listing ID: 57316279

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=S-Semoran-Blvd-Apt-1503-Orlando-FL-32822/57316279_lid

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