3 Beds   1 Bath   1,254 Sq. Ft.   Single-Family
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5 Points Rd
Indianapolis, IN 46259

Status: Inactive
Listing ID: 53938946

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,254
  • Lot Size: 0.23 acres
  • Year Built: 1989
  • Source ID: 192775264
  • Day(s) On Site: 811
  • Subdivision: MUIRFIELD SEC 04
  • Parcel Number: 491514114059000300
  • Property Type: Single Family Dwelling
  • Plaintiff: Deutsche Bank National Trust Co
  • Defendant Name: Mario A Agresta
  • Case Number: 49D121205MF18928
  • Recording Date: 05-18-2012
  • Trustee Name: Nelson & Frankenberger
  • Trustee Address: 3105 E 98 Th St
  • Trustee City: Indianapolis
  • Trustee State: IN
  • Trustee Zip: 46280
  • Trustee Phone: (219) 462-5104
  • Deed Category: LP
  • Mortgage Balance: $100,800
  •  

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Public Records

  • Bedrooms: 3
  • Baths: 1
  • Full Baths: 1
  • Rooms: 8
  • No. of Stories: 1
  • Parking: ATTACHED GARAGE
  • Air Conditioning: CENTRAL
  • Construction Type: BRICK
  • Heating Type: WARM AIR
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 10,019
  • Year Built: 1989
  • APN: 49-15-14-114-059.000-300
  • Property Type: Single Family Residence
  • Living Sqft: 1,254
  • Garage: ATTACHED
  • Subdivision: MUIRFIELD SEC 04
  •  

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

  • Mortgage Balance: $100,800

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Indianapolis, IN
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Homes On This Street
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5 Points Rd
Indianapolis, IN 46259

3 Beds   1 Bath   1,254 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 53938946

Property Information

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Public Records

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Property Description

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Listing URL

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