Get the Preforeclosure Address

Wilshire Ave
Louisville, KY 40216

*Rental Value Coming Soon

Overview

This is located at Wilshire Ave, Louisville, KY 40216. 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: 54618441

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Property Information

  • Day(s) On Site: 1026
  • Subdivision: RIVERSIDE GARDENS
  • Plaintiff: FIFTH THIRD BANK
  • Defendant Name: SANDRA S FRAZIER
  • Case Number: 2019CI401658
  • Recording Date: 12-13-2019
  • Deed Category: NOD
  •  

Public Records

  • APN: 113501180000
  • Property Type: Single Family Residence
  • Subdivision: RIVERSIDE GARDENS
  •  

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: 10-14-2009
  • 1st Mortgage Amount: $82,000

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Louisville, KY
Home Inspectors
ProChek Home Inspections, LLC
Darryl Willoughby
502-802-6336
Elite Home Inspections, LLC
Allan K. Davis
502-648-9294
AAA PROFESSIONAL HOME INSPECTORS
Jack McNear
5023950354
Greg Jones Home Inspections & Associates, LLC
Greg Jones
502-429-9379
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Wilshire Ave
Louisville, KY 40216

 

Status: Inactive Listing ID: 54618441

Property Information

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Public Records

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Property Description

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Listing URL

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