Single-Family
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S Lake Ave
Fox Lake, IL 60020

*Rental Value Coming Soon

Overview

This Single-Family is located at S Lake Ave, Fox Lake, IL 60020. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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Status: Inactive
Listing ID: 38364494

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Property Information

  • Comments: ADDL PIN 05-10-409-008-0000
  • Day(s) On Site: 3653
  • Sale Type: FORECLOSURE
  • Subdivision: BROPHY FARM
  • Parcel Number: 05 10 409 007 0000
  • District: 10
  • Property Type: Single Family Dwelling
  • Plaintiff: US BANK NA
  • Owner First Name: MARILYN B
  • Owner Last Name: CLARK
  • Case Number: 13CH379
  • Recording Date: 01-29-2013
  • Judgment Date: 06-01-2012
  • Judgment Value: $174,215
  • Input Date: 02-04-2013
  • Attorney Law Firm: FISHER & SHAPIRO LLC
  • Attorney Firm Phone: (847) 291-1717
  • Deed Category: NOD
  • Document Number: 6050408

Public Records

  • Land Area Sqft: 7,250
  • APN: 05-10-409-008-0000
  • Property Type: Vacant
  • Township: GRANT TOWNSHIP
  • Subdivision: BROPHY FARM
  •  

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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    Loan Information

  • 1st Mortgage Date: 07-28-2006
  • 1st Mortgage Amount: $150,000
  • Mortgage Type: ARM

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S Lake Ave
Fox Lake, IL 60020

Single-Family

 

Status: Inactive Listing ID: 38364494

Property Information

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Public Records

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Property Description

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Listing URL

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