2 Beds   2 Baths   1,125 Sq. Ft.
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Coco Ridge Cir
Sarasota, FL 34233

Status: Inactive
Listing ID: 55462707

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Property Information

  • Bedrooms: 2
  • Bathrooms: 2
  • Living Area Size: 1,125
  • Year Built: 1966
  • Day(s) On Site: 751
  • Subdivision: SOUTH GATE RIDGE 03
  • Plaintiff: BANK OF AMERICA
  • Defendant Name: EDWARD P RUTHERFORD
  • Case Number: 2019CA000776
  • Recording Date: 03-11-2020
  • Deed Category: NFS
  • Mortgage Balance: $236,700

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Public Records

  • Bedrooms: 2
  • Baths: 2
  • Full Baths: 2
  • Rooms: 5
  • No. of Stories: 1
  • Parking: ATTACHED FINISHED GARAGE
  • Parking Sqft: 312
  • Air Conditioning: YES
  • Construction Type: MASONRY
  • Exterior Wall Type: CONCRETE BLOCK
  • Foundation Type: SLAB
  • Roof Material: ASPHALT SHINGLE
  • Roof Type: GABLE/HIP
  • Land Area Sqft: 11,767
  • Year Built: 1966
  • APN: 0071-04-0059
  • Property Type: Single Family Residence
  • Living Sqft: 1,125
  • Garage: ATTACHED FINISHED
  • Subdivision: SOUTH GATE RIDGE 03

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: 07-02-2020
  • Auction Time: 9:00 AM

    Loan Information

  • 1st Mortgage Date: 07-20-2005
  • 1st Mortgage Amount: $236,700
  • Mortgage Balance: $236,700

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Sarasota, FL
Home Inspectors
Fine Home Inspections, Inc.
Jamie Milholland
941-362-4862
Home Inspections Plus, LLC
James J VanSuch
941-926-5026
Reliable Florida Home Inspections LLC
Glen Leach
941-716-0208
G. Stephens and Associates, Inc.
Glenn Stephens
941-914-1204
Jigsaw Home Inspections, Inc.
Kurt L Arbogast
941-807-4456
Homes On This Street
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Coco Ridge Cir
Sarasota, FL 34233

2 Beds   2 Baths   1,125 sq. ft.

 

Status: Inactive Listing ID: 55462707

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=55462707

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