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Weyer Ave
Cincinnati, OH 45212

Status: Inactive
Listing ID: 56844228

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Property Information

  • Day(s) On Site: 81
  • Appraised Value: $201,000
  • Plaintiff: BRIDGE LOAN VENTURE V QV TRUST 20183
  • Defendant Name: EDGAR CONSTRUCTION LLC TRUSTEE OF TRUST 188, .
  • Case Number: A2101426
  • Attorney Name: WOOD & LAMPING
  • Attorney Phone: 852-6040
  • Deed Category: NFS

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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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Auction Information

  • Minimum Bid: $134,000
  • Auction Date: 12-08-2021
  • Auction Time: 11:00 AM
  • Auction Location: Hamilton County Court House, 1000 Main Street, Cincinnati 45202

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Cincinnati, OH
Home Inspectors
1st Inspection Services
Richard McKenzie
513-766-3811
Taylor Made Inspections
J. Michael Condon
513-621-2188
Inspection plus
John B Cordell
513-617-4511
SAFEGUARD Building Inspections LLC
Andrew C Seeger
513-482-0449
Archway Home Inspections, LLC
Jeffrey G Tikkanen
513-871-1473
Homes On This Street
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Weyer Ave
Cincinnati, OH 45212

 

Status: Inactive Listing ID: 56844228

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Listing URL

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