1.5 Baths   1,287 Sq. Ft.   Single-Family
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Vollbrecht Rd
South Holland, IL 60473

Overview

This Single-Family Preforeclosure is located at Vollbrecht Rd, South Holland, IL 60473. It has 1.5 Baths , 1,287 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 43025219

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Property Information

  • Bathrooms: 1.5
  • Living Area Size: 1,287
  • Year Built: 1974
  • Day(s) On Site: 3084
  • Comments: SEE FILE FOR ADDL LIENHOLDERS
  • Sale Type: JUDICIAL SALES CORP
  • Parcel Number: 29 26 209 035 0000
  • Subdivision: HUGUELETS 4TH ADDT SOUTH HO
  • District: 2
  • Property Type: Single Family Dwelling
  • Plaintiff: FEDERAL NATIONAL MORTGAGE ASSN
  • Owner First Name: JAMES W
  • Owner Last Name: DRAPER
  • Case Number: 12CH0011918
  • Recording Date: 04-03-2012
  • Judgment Date: 11-01-2011
  • Judgment Value: $208,004
  • Input Date: 03-04-2014
  • Attorney Firm Phone: (312) 541-9710
  • Attorney Law Firm: JOHNSON BLUMBERG & ASSOCIATES LLC
  • Deed Category: NFS
  • Document Number: 0631842019

Potential Home Value

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Public Records

  • Baths: 1.5
  • Full Baths: 1
  • Half Baths: 1
  • No. of Stories: MULTI-LEVEL
  • Parking: ATTACHED GARAGE
  • Air Conditioning: CENTRAL
  • Fireplaces: YES
  • Exterior Wall Type: FRAME/MASONRY
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 7,200
  • Year Built: 1974
  • APN: 29-26-209-035-0000
  • Property Type: Single Family Residence
  • Living Sqft: 1,287
  • Basement Finish Type: RECREATION ROOM
  • Garage: ATTACHED
  • Style: SPLIT LEVEL
  •  
  • Subdivision: HUGUELETS 4TH ADDT SOUTH HO

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: 04-09-2014
  • Auction Time: 10:30 AM
  • Auction Location: 1 S WACKER DR STE 2400 CHICAGO 60606

    Loan Information

  • 1st Mortgage Date: 10-30-2006
  • 1st Mortgage Amount: $176,000
  • Mortgage Type: CONVENTIONAL

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Vollbrecht Rd
South Holland, IL 60473

1.5 Baths   1,287 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 43025219

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=43025219

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