2 Beds   2 Baths   1,184 Sq. Ft.   Condo
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Royal Ln Apt I-503
Dallas, TX 75231

Status: Inactive
Listing ID: 57318790

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Property Information

  • Bedrooms: 2
  • Bathrooms: 2
  • Living Area Size: 1,184
  • Lot Size: 5.73 acres
  • Year Built: 1981
  • Source ID: 167386089
  • Day(s) On Site: 130
  • Parcel Number: 0021M690000I00503
  • Property Type: Condo
  • Defendant Name: DARRELL D GOODEN
  • Plaintiff: Woodlands I On The Creek Association
  • Recording Date: 01-11-2022
  • Trustee Name: RIDDLE & WILLIAMS PC
  • Trustee Address: 3811 Turtle Creek Blvd
  • Trustee City: Dallas
  • Trustee State: TX
  • Trustee Zip: 75219
  • Deed Category: NTS
  • Document Number: 2022-0125

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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

  • Auction Date: 02-01-2022
  • Auction Time: 12:00 PM
  • Auction Address: 600 Commerce St -north Side Of George Allen Courts Building
  • Auction City: Dallas

    Loan Information

  • 1st Mortgage Date: 11-22-2021

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Dallas, TX
Home Inspectors
Spotlight Inspect, PLLC
Kristi L. Camp
214-207-0242
TNT Home Inspections
Michael Valtierra
972-951-7216
Good Home Inspection
Bud Rozell
214-215-4961
Homes On This Street
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Royal Ln Apt I-503
Dallas, TX 75231

2 Beds   2 Baths   1,184 sq. ft.   Condo

 

Status: Inactive Listing ID: 57318790

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/index.html?&listingid=57318790

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