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Sw 122nd St
Seattle, WA 98146

Status: Active
Listing ID: 57354437

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Pre-Foreclosure

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Bank Owned

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01/24/22
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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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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Seattle, WA
Home Inspectors
Pillar to Post Professional Home Inspection
Devin Lehmann
206-933-1151
Pacifica Inspection
Jeffrey Tosh
206-696-4356
Pillar to Post
David McPhee
206-522-5141
Scout Building Inspection, Inc.
Don McFeron
206-524-8785
Lars Everlund
206-992-4123
Homes On This Street
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Sw 122nd St
Seattle, WA 98146

 

Status: Active Listing ID: 57354437

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Sw-122nd-St-Seattle-WA-98146/57354437_lid

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