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Marikay Ave
Aurora, IL 60505


This Single-Family Preforeclosure is located at Marikay Ave, Aurora, IL 60505. This property is currently in auction.
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Status: Inactive
Listing ID: 26203438

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Property Information

  • Source ID: 6092279
  • Estimated Value: $213,500
  • Day(s) On Site: 4262
  • Improvement Value: $90,319
  • Assessed Value: $110,626
  • Land Value: $20,307
  • Parcel Number: 1511331009
  • Property Type: Single Family Dwelling
  • Defendant Name: NARDI GIOVANNA E
  • Case Number: 10CH483
  • Last Sale Amount: $400,000
  • Last Sale Date: 03-26-2004
  • Trustee Name: PATRICK B PEREZ
  • Trustee Address: 37W755 IL ROUTE 38 STE A
  • Trustee City: ST CHARLES
  • Trustee State: IL
  • Trustee Zip: 60175
  • Trustee Phone: (630) 232-6840
  • Deed Category: NFS
  • Mortgage Balance: $355,212
  • Document Number: 10SCH2231

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Public Records

  • Land Area Sqft: 6,468
  • APN: 15-11-331-009
  • Property Type: Single Family Residence
  • Township: AURORA


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: 12-23-2010
  • Auction Time: 09:00 AM
  • Auction Address: 100 S THIRD ST
  • Auction City: GENEVA

    Loan Information

  • Mortgage Balance: $355,212

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Aurora, IL
Home Inspectors
The Brickkicker
Robert Claus
Homes On This Street
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Marikay Ave
Aurora, IL 60505



Status: Inactive Listing ID: 26203438

Property Information

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Public Records

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Property Description

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