2 Beds   2 Baths   950 Sq. Ft.
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Vine Ave
Highland Park, IL 60035

Overview

This Preforeclosure is located at Vine Ave, Highland Park, IL 60035. It has 2 Beds, 2 Baths , 950 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 46011465

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Property Information

  • Bedrooms: 2
  • Bathrooms: 2
  • Living Area Size: 950
  • Year Built: 1987
  • Source ID: 16130248
  • Day(s) On Site: 2767
  • Subdivision: VINE CONDO
  • Parcel Number: 16-23-109-064
  • Plaintiff: FLAGSTAR BANK
  • Defendant Name: WRIGHT
  • Case Number: 13CH3444
  • Trustee City: CHICAGO
  • Trustee Name: JOHNSON BLUMBERG AND ASSOCIATES LLC
  • Trustee Address: 230 W. MONROE ST SUITE 1125
  • Trustee State: IL
  • Trustee Zip: 60606
  • Trustee Phone: (312) 541-9710
  • Deed Category: NTS

Potential Home Value

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Public Records

  • Baths: 2
  • Full Baths: 2
  • No. of Stories: 1
  • Air Conditioning: CENTRAL
  • Year Built: 1987
  • APN: 16-23-109-059-0000
  • Property Type: Condominium
  • Township: MORAINE TOWNSHIP
  • Living Sqft: 950
  • Subdivision: VINE CONDO

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: 01-29-2015

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Highland Park, IL
Home Inspectors
Home Raters, Inc.
Stuart E. Zwang, P.E.
847-433-3450
Homes On This Street
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Vine Ave
Highland Park, IL 60035

2 Beds   2 Baths   950 sq. ft.

 

Status: Inactive Listing ID: 46011465

Property Information

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Public Records

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Property Description

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Listing URL

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