2 Baths   1,680 Sq. Ft.   Single-Family

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Ocean Pkwy
Ocean Pines, MD 21811

Status: Inactive
Listing ID: 48281452

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Property Information

  • Bathrooms: 2
  • Living Area Size: 1,680
  • Lot Size: 0.21 acres
  • Year Built: 1988
  • Source ID: 17581339
  • Subdivision: OCEAN PINES SEC 03
  • Assessed Value: $189,800
  • Property Type: Single Family Dwelling
  • Defendant Name: FORD ARTHUR E
  • Last Sale Amount: $204,559
  • Last Sale Date: 09-30-2004
  • Trustee Name: ALBA LAW GROUP PA
  • Trustee Address: 11350 MCCORMICK ROAD EXECUTIVE PLAZA III SUITE 200
  • Trustee City: HUNT VALLEY
  • Trustee State: MD
  • Trustee Zip: 21031
  • Trustee Phone: (443) 541-8600
  • Deed Category: NTS
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Public Records

  • Baths: 2
  • Full Baths: 2
  • No. of Stories: 1
  • Air Conditioning: SPLIT SYSTEM
  • Exterior Wall Type: FRAME
  • Heating Type: HEAT PUMP
  • Roof Material: COMPOSITION SHINGLE
  • Land Area Sqft: 9,000
  • Year Built: 1988
  • APN: 0016-0000-0040-0000-0299
  • Property Type: Single Family Residence
  • Township: 03
  • Living Sqft: 1,680
  • Style: CONVENTIONAL
  • Sewer Type: PUBLIC
  • Water Type: PUBLIC
  • Subdivision: OCEAN PINES SEC 03
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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: 05-03-2016
  • Auction Time: 11:00 AM
  • Auction Address: 1 WEST MARKET STREET ROOM 1105
  • Auction City: SNOW HILL
  • Auction Zip: 21863

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Ocean Pkwy
Ocean Pines, MD 21811

2 Baths   1,680 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 48281452

Property Information

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Public Records

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Property Description

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Listing URL

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