$1,597,575 EMV

2,550 Sq. Ft.   Commercial
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W 122nd St
New York, NY 10027

Status: Inactive
Listing ID: 56412310

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Property Information

  • Living Area Size: 2,550
  • Lot Size: 0.03 acres
  • Year Built: 1910
  • Source ID: 9041933
  • Day(s) On Site: 242
  • Parcel Number: 19270040
  • Property Type: Commercial
  • Plaintiff: 1st Reo Opportunity 1 LLC
  • Defendant Name: HARLEM PREMIER RESIDENCE LLC / DOUNGRAT EAMTRAKUL
  • Case Number: 850151/2021
  • Recording Date: 05-24-2021
  • Trustee Name: SHELDON MAY & ASSOCIATES
  • Deed Category: LP

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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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    Loan Information

  • 1st Mortgage Date: 06-18-2019

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Listing History

Start Date End Date Listing Type Bank Name
05/24/21 01/19/22 Preforeclosure 1S REO OPPORTUNITY 1 LLC
09/05/17 05/03/18 Preforeclosure HSBC BANK USA

New York, NY
Home Inspectors
Your House,Your Home Su Casa,Su Hogar Insp Co
Paul Lucien
2125442626
Precision Inspections LLC
Kenneth Carr
6462471867
Homes On This Street
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W 122nd St
New York, NY 10027

2,550 sq. ft.   Commercial

$1,597,575 EMV

Status: Inactive Listing ID: 56412310

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=W-122nd-St-New-York-NY-10027/56412310_lid

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