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Collier Ridge Dr Nw
Atlanta, GA 30318

Status: Inactive
Listing ID: 38477409

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Property Information

  • Plaintiff: OMNI NATIONAL BANK
  • Defendant Name: DENISE MERRIELL
  • Deed Category: NTS
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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 Location: BEFORE THE COURTHOUSE DOOR OF FULTON COUNTY

    Loan Information

  • 1st Mortgage Date: 07-03-2007
  • 1st Mortgage Amount: $130,355

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Atlanta, GA
Home Inspectors

Due Diligence
Russell Spornberger
404-202-5363
Peachtree Property Inspections
Bobby Beers
404-355-9338
SafeHarbor Inspection Group
Jeff Kinton
678-723-1218
Scott Home Services, Inc.
Douglas Scott
770-394-8952
Arnold Bojak Home Inspection, LLC
Arnold A. Bojak
770-540-7698
foreclosure.com

Collier Ridge Dr Nw
Atlanta, GA 30318

 

Status: Inactive Listing ID: 38477409

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Listing URL

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