3 Beds   1 Bath   1,243 Sq. Ft.   Single-Family
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Colvin St
Rochester, NY 14611

Overview

This Single-Family Preforeclosure is located at Colvin St, Rochester, NY 14611. It has 3 Beds, 1 Bath , 1,243 sqft of living space. This property is currently in pre-foreclosure
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Status: Inactive
Listing ID: 49144905

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,243
  • Lot Size: 0.14 acres
  • Levels: 2
  • Year Built: 1910
  • Source ID: 18127827
  • Estimated Value: $38,000
  • Day(s) On Site: 2073
  • Assessed Value: $30,000
  • Parcel Number: 140012033000020350000000
  • Property Type: Single Family Dwelling
  • Defendant Name: SMEDLEY BELINDA
  • Case Number: 005827/2016
  • Recording Date: 06-17-2016
  • Last Sale Amount: $20,000
  • Last Sale Date: 06-20-2007
  • Document Book: 001387
  • Document Page: 167
  • Trustee Address: 165 EILEEN WAY
  • Trustee Name: MARGOLIN AND WEINREB LAW GROUP LLP
  • Trustee City: SYOSSET
  • Trustee State: NY
  • Trustee Zip: 11791
  • Trustee Phone: (516) 921-3838
  • Deed Category: LP
  • Document Number: 331

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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: 07-20-2007

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Colvin St
Rochester, NY 14611

3 Beds   1 Bath   1,243 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 49144905

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/index.html?&listingid=49144905

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