1 Bath   1,508 Sq. Ft.
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N Field Rd
Lake Zurich, IL 60047

Status: Inactive
Listing ID: 53091430

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Property Information

  • Bathrooms: 1
  • Living Area Size: 1,508
  • Year Built: 1988
  • Source ID: 20479607
  • Day(s) On Site: 844
  • Parcel Number: 14-15-110-014
  • Subdivision: A T MCINTOSH & CO'S FOREST LAK
  • Plaintiff: THE BANK OF NEW YORK MELLON TRUST COMPANY NA
  • Defendant Name: LIPNICK JAY
  • Case Number: 19CH91
  • Trustee Name: CODILIS AND ASSOCIATES P C
  • Trustee Address: 15W030 NORTH FRONTAGE ROAD
  • Trustee City: BURR RIDGE
  • Trustee State: IL
  • Trustee Zip: 60527
  • Trustee Phone: (630) 794-5300
  • Deed Category: NFS
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Public Records

  • Baths: 1
  • Full Baths: 1
  • Basement Sqft: 667
  • Air Conditioning: CENTRAL
  • Land Area Sqft: 5,760
  • Year Built: 1988
  • APN: 14-15-110-014-0000
  • Property Type: Single Family Residence
  • Township: ELA TOWNSHIP
  • Living Sqft: 1,508
  • Subdivision: A T MCINTOSH & CO'S FOREST LAK

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: 03-03-2020
  • Auction Time: 09:30 AM
  • Auction Address: ONE BLOCK NORTH OF THE LAKE COUNTY SHERIFFS OFFICE IN ROOM 110

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Homes On This Street
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N Field Rd
Lake Zurich, IL 60047

1 Bath   1,508 sq. ft.

 

Status: Inactive Listing ID: 53091430

Property Information

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Public Records

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Property Description

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Listing URL

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