2 Beds   1 Bath   804 Sq. Ft.   Single-Family

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Collier Ridge Dr Nw
Atlanta, GA 30318

Status: Inactive
Listing ID: 38357605

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Property Information

  • Bedrooms: 2
  • Bathrooms: 1
  • Living Area Size: 804
  • Lot Size: 0.26 acres
  • Levels: 1
  • Year Built: 1948
  • Source ID: 12645735
  • Days On Site: 3215
  • Estimated Value: $32,777
  • Assessed Value: $8,040
  • Parcel Number: 14 02100001050
  • Property Type: Single Family Dwelling
  • Plaintiff: FEDERAL DEPOSIT INSURANCE CORPORATION
  • Defendant Name: DENISE MERRIELL
  • Last Sale Amount: $93,500
  • Last Sale Date: 07-03-2007
  • Recording Book: 45298
  • Trustee Name: HARTMAN SIMONS AND WOOD LLP
  • Trustee Address: 6400 POWERS FERRY ROAD N.W. SUITE 400
  • Trustee City: ATLANTA
  • Trustee State: GA
  • Trustee Zip: 30339
  • Trustee Phone: (770) 955-3555
  • Deed Category: NTS
  • Mortgage Balance: $130,355
  • Document Number: 2026491
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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: 03-05-2013
  • Auction Address: COURTHOUSE DOOR OF FULTON COUNTY

    Property Classification

  • Classification Id: Notice of Trustee Sale
  • Classification Desc: This announcement, which is made available to the public by law, describes the date, time and other details of a trustees sale. Finding out about these auctions first will give you more time to research potential bargains and help you get the jump on other investors.

    Loan Information

  • 1st Mortgage Date: 06-29-2007
  • Mortgage Balance: $130,355

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Atlanta, GA
Home Inspectors

Pelorus Inspection and Environmental Resource Grp
Adam Goldner
678.777.1559
Home Inspection Providers, LLC
Marlon Page ACI
404-454-7651
Safe & Sound Home Inspections
Tyrus Parrish
678-777-8346
Scott Home Services, Inc.
Douglas Scott
770-394-8952
Home Inspections by Don
Don Fountain
404-272-4350
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Collier Ridge Dr Nw
Atlanta, GA 30318

2 Beds   1 Bath   804 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 38357605

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