1 Bed   1 Bath   Condo
Get the Preforeclosure Address

E Michigan St Unit 203
Orlando, FL 32806

Overview

This Condo Preforeclosure is located at E Michigan St Unit 203, Orlando, FL 32806. It has 1 Bed, 1 Bath. This property is currently in auction.
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Status: Inactive
Listing ID: 55233677

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Property Information

  • Bedrooms: 1
  • Bathrooms: 1
  • Heating Type: Forced Air
  • Air Conditioning: Central
  • Year Built: 1969
  • Source ID: 20813545
  • Day(s) On Site: 875
  • Subdivision: LA COSTA BRAVA LAKESIDE
  • Assessed Value: $20,583
  • Parcel Number: 012329427617203
  • Property Type: Condo
  • Case Number: 2018-CA-002729-O
  • Last Sale Amount: $109,900
  • Last Sale Date: 10-05-2004
  • Deed Category: NFS
  • Mortgage Balance: $120,588

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Public Records

  • Bedrooms: 1
  • Baths: 1
  • Full Baths: 1
  • Exterior Wall Type: CONCRETE BLOCK/STUCCO
  • Year Built: 1969
  • APN: 29-23-01-4276-17-203
  • Property Type: Condominium
  • Township: ORLANDO
  • Subdivision: LA COSTA BRAVA LAKESIDE
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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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Auction Information

  • Auction Date: 04-29-2020
  • Auction Time: 11:00 AM

    Loan Information

  • Mortgage Balance: $120,588

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E Michigan St Unit 203
Orlando, FL 32806

1 Bed   1 Bath   Condo

 

Status: Inactive Listing ID: 55233677

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/index.html?&listingid=55233677

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