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Folger St
Spring Hill, FL 34609

Status: Inactive
Listing ID: 34991699

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Property Information

  • Day(s) On Site: 3666
  • Plaintiff: WELLS FARGO BANK
  • Defendant Name: LOUIS G MODERY
  • Case Number: 2010CA000760
  • Recording Date: 04-27-2012
  • Default Amount: $61,144
  • 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

  • Auction Date: 06-19-2012
  • Auction Time: 11:00 AM
  • Auction Location: IN THE ATRIUM 1ST FLOOR OF THE HERNANDO COUNTY COURTHOUSE 20 N MAIN ST BROOKSVILLE

    Loan Information

  • 1st Mortgage Date: 11-22-2005
  • 1st Mortgage Amount: $100,000

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Spring Hill, FL
Home Inspectors
ACCUCHECK Home Inspection Service
Mark R. Clark
352-585-2222
Buyers Protection Group
Al Giles
813-388-9348
Elite Property Inspections
John J Botto
352-263-1771
Homes On This Street
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Folger St
Spring Hill, FL 34609

 

Status: Inactive Listing ID: 34991699

Property Information

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Property Description

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Listing URL

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