5 Beds   2 Baths   2,287 Sq. Ft.   Single-Family
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Rexford Rd
Manitou Beach, MI 49253

*Rental Value Coming Soon

Overview

This Single-Family is located at Rexford Rd, Manitou Beach, MI 49253. 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. It has 5 Beds, 2 Baths , 2,287 sqft of living space.
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Status: Inactive
Listing ID: 52996811

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Property Information

  • Bedrooms: 5
  • Bathrooms: 2
  • Living Area Size: 2,287
  • Lot Size: 4.61 acres
  • Levels: 2
  • Heating Type: Forced Air
  • Source ID: 20445248
  • Day(s) On Site: 1176
  • Assessed Value: $56,300
  • Parcel Number: RM0117175000
  • Property Type: Single Family Dwelling
  • Plaintiff: PHH MORTGAGE CORPORATION
  • Defendant Name: EDGAR MORRIS
  • Trustee City: ROCHESTER HILLS
  • Trustee Name: POTESTIVO AND ASSOCIATES PC
  • Trustee Address: 811 SOUTH BOULEVARD SUITE 100
  • Trustee State: MI
  • Trustee Zip: 48307
  • Trustee Phone: (248) 853-4400
  • Trustee Reference Number: 310028
  • Deed Category: NFS
  • Mortgage Balance: $112,134

Public Records

  • Land Area Sqft: 200,812
  • APN: RM0-117-1750-00
  • Property Type: Single Family Residence
  • Township: ROME TWP

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: 10-10-2019
  • Auction Time: 10:00 AM
  • Auction Address: THE CIRCUIT COURT WITHIN LENAWEE COUNTY
  • Auction City: ADRIAN

    Loan Information

  • 1st Mortgage Date: 06-01-2005
  • Mortgage Balance: $112,134

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Rexford Rd
Manitou Beach, MI 49253

5 Beds   2 Baths   2,287 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 52996811

Property Information

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Public Records

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Property Description

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Listing URL

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