2 Beds   1 Bath
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University Ave
New Castle, DE 19720

Status: Inactive
Listing ID: 31958362

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Property Information

  • Bedrooms: 2
  • Bathrooms: 1
  • Year Built: 1949
  • Day(s) On Site: 3841
  • Subdivision: WILMINGTON MANOR GARDENS SEC B
  • Parcel Number: 1001940215
  • Owner First Name: Brady
  • Owner Last Name: Reed
  • Recording Date: 12-15-2011
  • Judgment Value: $75,228
  • Trustee Name: WHITTINGTO N & AULGUR
  • Deed Category: NTS
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Public Records

  • Bedrooms: 2
  • Baths: 1
  • Full Baths: 1
  • Rooms: 5
  • No. of Stories: 1
  • Exterior Wall Type: ASBESTOS
  • Foundation Type: SLAB
  • Heating Type: HOT AIR
  • Roof Material: ASPHALT
  • Roof Type: GABLE
  • Land Area Sqft: 6,534
  • Year Built: 1949
  • APN: 10-019.40-215
  • Property Type: Single Family Residence
  • Township: NEW CASTLE HUNDRED
  • Front Footage: 70
  • Depth Footage: 110
  • Style: RANCH
  • Subdivision: WILMINGTON MANOR GARDENS SEC B

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: 01-10-2012
  • Auction Time: 10:00 AM
  • Auction Address: 800 North French Street
  • Auction City: Wilmington
  • Auction State: DE

    Loan Information

  • Lender Name: WILMINGTON SAVINGS FUND SOCIETY FSB

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New Castle, DE
Home Inspectors
Loyalty Home Inspections, LLC
Kenneth A. Rodriguez
302-513-4999
Homes On This Street
View more homes on University Ave
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University Ave
New Castle, DE 19720

2 Beds   1 Bath

 

Status: Inactive Listing ID: 31958362

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/index.html?&listingid=31958362

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