2 Baths   1,952 Sq. Ft.   Single-Family

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W Van Buren St
Chicago, IL 60624

Status: Inactive
Listing ID: 15159925

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Property Information

  • Bathrooms: 2
  • Living Area Size: 1,952
  • Year Built: 1889
  • Days On Site: 4684
  • Sale Type: FORECLOSURE
  • Subdivision: A S BRADLEYS
  • Property Type: Single Family Dwelling
  • Owner First Name: JOHNNIE J
  • Plaintiff: DEUTSCHE BANK NATL TRUST CO TTEE
  • Owner Last Name: WILLIAMS
  • 2nd Owner First Name: ANGELA
  • 2nd Owner Last Name: WILLIAMS
  • Case Number: 08CH0046351
  • Recording Date: 12-12-2008
  • Judgment Date: 08-01-2008
  • Judgment Value: $247,057
  • Input Date: 12-30-2008
  • Attorney Firm Address: 1001 E CHICAGO AVE STE 103
  • Attorney Firm City: NAPERVILLE
  • Attorney Firm Phone: (630) 369-3535
  • Attorney Law Firm: THOMPSON ROSENTHAL & WATTS LLP
  • Attorney Firm State: IL
  • Attorney Firm Zip: 60540
  • Deed Category: NOD
  • Document Number: 0601341005

Public Records

  • Baths: 2
  • Full Baths: 2
  • No. of Stories: 2
  • Air Conditioning: YES
  • Exterior Wall Type: MASONRY
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 2,136
  • Year Built: 1889
  • APN: 16-14-216-026-0000
  • Property Type: Apartment
  • Front Footage: 24
  • Depth Footage: 91
  • Living Sqft: 1,952
  • Basement Finish Type: UNFINISHED
  • Style: MULTI-FAMILY
  • Subdivision: A S BRADLEYS

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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    Property Classification

  • Classification Id: Notice of Default
  • Classification Desc: Considered the first phase of the foreclosure process, a homeowner will receive this notice if he or she misses one or more mortgage payments in states that follow non-judicial foreclosure actions. This represents a great opportunity to purchase a home at a significantly reduced price before it is repossessed by a lender.

    Loan Information

  • 1st Mortgage Date: 12-30-2005
  • 1st Mortgage Amount: $252,000
  • Mortgage Interest Rate: 8
  • Mortgage Term: 30
  • Mortgage Type: ARM

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Chicago, IL
Home Inspectors

Brad Haugen Home Inspections, Inc.
Bradley C. Haugen ACI
773-407-2094
Chicagoland Home Inspectors Inc
Charles Bellefontaine
312-759-7045
JRW Property Inspection and Consulting LLC
Jerry Woznyj
773-851-9627
Keeshin Inspection Services
Stuart Keeshin
773-871-2356
foreclosure.com

W Van Buren St
Chicago, IL 60624

2 Baths   1,952 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 15159925

Property Information

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Public Records

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Property Description

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