4 Beds   1 Bath   1,568 Sq. Ft.   Single-Family
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W Huston St
Barberton, OH 44203

Status: Inactive
Listing ID: 55555471

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Property Information

  • Bedrooms: 4
  • Bathrooms: 1
  • Living Area Size: 1,568
  • Lot Size: 0.08 acres
  • Year Built: 1903
  • Source ID: 2905605
  • Day(s) On Site: 549
  • Parcel Number: 01-12277
  • Property Type: Single Family Dwelling
  • Plaintiff: Ironwood Finance Inc.
  • Defendant Name: GILKERSON ISAAC RAYMOND
  • Case Number: CV2020072068
  • Recording Date: 05-17-2021
  • Trustee Name: ROBERT HOOSE
  • Trustee Phone: (330) 436-0300
  • Deed Category: NFS

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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: 05-21-2021
  • Auction Time: 10:00 AM
  • Auction Address: 209 S High St
  • Auction City: Akron

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Listing History

Start Date End Date Listing Type Bank Name
08/26/21   Foreclosure
03/15/21 05/21/21 Preforeclosure IRONWOOD FINANCE INC

Homes On This Street
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W Huston St
Barberton, OH 44203

4 Beds   1 Bath   1,568 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 55555471

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Property Description

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