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W 98th St Apt 1d
New York, NY 10025

Status: Inactive
Listing ID: 57980565

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Property Information

  • Source ID: 21531077
  • Day(s) On Site: 43
  • Parcel Number: 1-01870-0028-CP1D
  • Plaintiff: 203 OWNERS CORPORATION
  • Defendant Name: NOKAMA EQUITIES LLC
  • Trustee City: NEW YORK
  • Trustee Address: 200 PARK AVENUE SUITE 1700
  • Trustee State: NY
  • Trustee Zip: 10001
  • Trustee Phone: (212) 287-7330
  • Deed Category: NFS

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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.


Auction Information

  • Auction Date: 06-02-2022
  • Auction Time: 10:30 AM
  • Auction Address: 60 CENTRE STREET
  • Auction City: NEW YORK

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New York, NY
Home Inspectors
Your House,Your Home Su Casa,Su Hogar Insp Co
Paul Lucien
Precision Inspections LLC
Kenneth Carr
Homes On This Street
View more homes on W 98th St Apt 1d

W 98th St Apt 1d
New York, NY 10025


Status: Inactive Listing ID: 57980565

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