Get the Preforeclosure Address

Sunburst Ter
Central Islip, NY 11722

*Rental Value Coming Soon

Overview

This is located at Sunburst Ter, Central Islip, NY 11722. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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Status: Inactive
Listing ID: 57361778

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Property Information

  • Source ID: 21389059
  • Day(s) On Site: 256
  • Parcel Number: 0500-165.00-11.00-005.000
  • Defendant Name: JAMES
  • Plaintiff: BOARD OF DIRECTORS OF PARK ROW HOMEOWNERS ASSOCIATION INC
  • Case Number: 22-600084
  • Recording Date: 01-04-2022
  • Trustee Name: TAYLOR ELDRIDGE AND ENDRES PC
  • Trustee Address: 811 W JERICHO TPKE STE 101W
  • Trustee City: SMITHTOWN
  • Trustee State: NY
  • Trustee Zip: 11787
  • Trustee Phone: (631) 265-5550
  • Deed Category: LP
  • Document Number: 325287

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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Listing History

Start Date End Date Listing Type Bank Name
01/04/22 09/01/22 Preforeclosure Board Of Directors Of Park ...

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Sunburst Ter
Central Islip, NY 11722

 

Status: Inactive Listing ID: 57361778

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Sunburst-Ter-Central-Islip-NY-11722/57361778_lid

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