Get the Preforeclosure Address

Shady Oaks Ln
North Palm Beach, FL 33408

*Rental Value Coming Soon

Overview

This is located at Shady Oaks Ln, North Palm Beach, FL 33408. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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Status: Inactive
Listing ID: 49568850

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Property Information

  • Source ID: 18440667
  • Day(s) On Site: 2018
  • Defendant Name: BINS RICHARD
  • Case Number: 502017CA002891
  • Recording Date: 03-15-2017
  • Document Book: 28950
  • Document Page: 564
  • Trustee Name: ROSENBAUM PLLC
  • Trustee Address: 250 AUSTRALIAN AVE S STE 500
  • Trustee City: WEST PALM BEACH
  • Trustee State: FL
  • Trustee Zip: 33401
  • Trustee Phone: (561) 653-2900
  • Deed Category: LP
  • Document Number: 20170090527

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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Shady Oaks Ln
North Palm Beach, FL 33408

 

Status: Inactive Listing ID: 49568850

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Listing URL

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