2 Beds   2 Baths   1,164 Sq. Ft.   Condo

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Carambola Cir S
Coconut Creek, FL 33066

Status: Inactive
Listing ID: 48514582

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Property Information

  • Bedrooms: 2
  • Bathrooms: 2
  • Living Area Size: 1,164
  • Source ID: 17731738
  • Assessed Value: $67,710
  • Parcel Number: 484220BB0680
  • Property Type: Condo
  • Plaintiff: US BANK
  • Defendant Name: ASHMAN VERNICE
  • Case Number: CACE-16-010068
  • Recording Date: 06-07-2016
  • Last Sale Amount: $123,000
  • Last Sale Date: 12-14-2002
  • Trustee Address: 255 S ORANGE AVE STE 900
  • Trustee Name: QUINTAIROS PRIETO WOOD AND BOYER PA
  • Trustee City: ORLANDO
  • Trustee State: FL
  • Trustee Zip: 32801
  • Trustee Phone: (407) 872-6011
  • Deed Category: LP
  • Document Number: 113740098
  • Deed Book: 34251
  • Deed Page: 1914

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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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Carambola Cir S
Coconut Creek, FL 33066

2 Beds   2 Baths   1,164 sq. ft.   Condo

 

Status: Inactive Listing ID: 48514582

Property Information

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Property Description

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