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E 65th Pl # 3
Chicago, IL 60637

Status: Inactive
Listing ID: 48093297

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Property Information

  • lien_holder_1: 1540 E 65TH PL CONDO ASSN
  • lien_holder_2: 1538 E 65TH PL CONDO ASSN
  • Day(s) On Site: 2136
  • Sale Type: FORECLOSURE
  • Latitude: 41.776143
  • Longitude: 87.587805
  • Parcel Number: 20 23 219 055 1003
  • District: 1
  • Property Type: Condo
  • Owner First Name: KENVA
  • Owner Last Name: CALLOWAY
  • Case Number: 16CH003282
  • Recording Date: 03-08-2016
  • Judgment Date: 10-01-2015
  • Judgment Value: $81,120
  • Input Date: 03-11-2016
  • Attorney Firm City: BURR RIDGE
  • Attorney Firm Address: 15W030 N FRONTAGE RD STE 100
  • Attorney Law Firm: CODILIS & ASSOCIATES PC
  • Attorney Firm Phone: (630) 794-5300
  • Attorney Firm State: IL
  • Attorney Firm Zip: 60527-6921
  • Deed Category: NOD
  • Document Number: 1510501137

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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.


    Loan Information

  • 1st Mortgage Date: 04-01-2015
  • 1st Mortgage Amount: $81,700
  • Mortgage Interest Rate: 412
  • Mortgage Term: 30
  • Mortgage Type: CONVENTIONAL

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Chicago, IL
Home Inspectors
True Blue Home Inspections, Inc.
James Clark
Keeshin Inspection Services
Stuart Keeshin
Chicagoland Home Inspectors Inc
Charles Bellefontaine
Pentagon Inspections & Services, Inc
Jonathan Howard
Homes On This Street
View more homes on E 65th Pl # 3

E 65th Pl # 3
Chicago, IL 60637



Status: Inactive Listing ID: 48093297

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