3 Baths   2,912 Sq. Ft.   Townhome

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E 42nd Pl
Chicago, IL 60653

Status: Inactive
Listing ID: 53224039

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Property Information

  • Bathrooms: 3
  • Living Area Size: 2,912
  • Lot Size: 0.06 acres
  • Year Built: 1884
  • Source ID: 175291048
  • Parcel Number: 20032200270000
  • Property Type: Townhouse
  • Case Number: 19CH0011794
  • Plaintiff: Towd Point Mortgage Trust 2017 6 Trustee
  • Defendant Name: JOSEPH WILLIE WASHINGTON ESTATE
  • Recording Date: 10-11-2019
  • Trustee Address: 230 W Monroe St
  • Trustee Name: JOHNSON BLUMBERG & ASSOCIATES LLC
  • Trustee City: Chicago
  • Trustee State: IL
  • Trustee Zip: 60606
  • Trustee Phone: (312) 541-9710
  • Deed Category: LP
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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: 03-12-2007

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Listing History

Start Date End Date Listing Type Bank Name
03/09/21   Preforeclosure Towd Point Mortgage Trust 2...
03/05/19 11/23/19 Short Sale

Chicago, IL
Home Inspectors

Chicagoland Home Inspectors Inc
Charles Bellefontaine
312-759-7045
Pentagon Inspections & Services, Inc
Jonathan Howard
3127249000
JRW Property Inspection and Consulting LLC
Jerry Woznyj
773-851-9627
Brad Haugen Home Inspections, Inc.
Bradley C. Haugen ACI
773-407-2094
Keeshin Inspection Services
Stuart Keeshin
773-871-2356
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E 42nd Pl
Chicago, IL 60653

3 Baths   2,912 sq. ft.   Townhome

 

Status: Inactive Listing ID: 53224039

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Listing URL

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