Commercial
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W Division St
Chicago, IL 60651

Status: Inactive
Listing ID: 49372799

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Property Information

  • Day(s) On Site: 1964
  • Sale Type: JUDICIAL SALES CORP
  • Parcel Number: 16 03 400 031 0000
  • District: 7
  • Property Type: Commercial
  • Plaintiff: NORTH COMMUNITY BANK
  • Owner First Name: VASILIOS
  • Owner Last Name: PARASKEVAIDIS
  • Case Number: 14CH0015035
  • Recording Date: 09-17-2014
  • Judgment Date: 06-03-2014
  • Judgment Value: $309,080
  • Input Date: 02-07-2017
  • Attorney Law Firm: CHUHAK & TECSON
  • Attorney Firm Phone: (312) 444-9300
  • Deed Category: NFS
  • Document Number: 0626555074
  •  

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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: 03-08-2017
  • Auction Time: 10:30 AM
  • Auction Location: 1 S WACKER DR STE 2400 CHICAGO 60606

    Loan Information

  • 1st Mortgage Date: 09-01-2006
  • 1st Mortgage Amount: $275,000
  • Mortgage Type: COMMERCIAL

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Chicago, IL
Home Inspectors
Pentagon Inspections & Services, Inc
Jonathan Howard
3127249000
True Blue Home Inspections, Inc.
James Clark
3129250166
Keeshin Inspection Services
Stuart Keeshin
773-871-2356
Reliant Inspection Service Corp.
Fidel F. Gonzales
630-935-7170
Homes On This Street
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W Division St
Chicago, IL 60651

Commercial

Active 

Status: Inactive Listing ID: 49372799

Property Information

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Property Description

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Listing URL

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