Single-Family
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W 81st Pl
Chicago, IL 60652

Overview

This Single-Family Preforeclosure is located at W 81st Pl, Chicago, IL 60652. This property is currently in pre-foreclosure
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Status: Inactive
Listing ID: 47849672

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Property Information

  • Day(s) On Site: 2398
  • Sale Type: FORECLOSURE
  • Parcel Number: 19 35 214 027 0000
  • Property Type: Single Family Dwelling
  • Plaintiff: BAYVIEW LOAN SERVICING LLC
  • Owner First Name: MIRIAM
  • Owner Last Name: SANCHEZ
  • Case Number: 16CH00527
  • Recording Date: 01-14-2016
  • Judgment Date: 01-01-2015
  • Judgment Value: $193,536
  • Input Date: 01-20-2016
  • Attorney Law Firm: PIERCE & ASSOCIATES
  • Attorney Firm Phone: (312) 476-5500
  • Deed Category: NOD
  • Document Number: 0713056152
  •  

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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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    Loan Information

  • 1st Mortgage Date: 04-20-2007
  • 1st Mortgage Amount: $201,400
  • Mortgage Type: CONVENTIONAL

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Listing History

Start Date End Date Listing Type Bank Name
05/13/22   Foreclosure
02/11/16 11/07/16 Bankruptcy

Chicago, IL
Home Inspectors
Reliant Inspection Service Corp.
Fidel F. Gonzales
630-935-7170
Keeshin Inspection Services
Stuart Keeshin
773-871-2356
True Blue Home Inspections, Inc.
James Clark
3129250166
Pentagon Inspections & Services, Inc
Jonathan Howard
3127249000
Homes On This Street
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W 81st Pl
Chicago, IL 60652

Single-Family

 

Status: Inactive Listing ID: 47849672

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/index.html?&listingid=47849672

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