1 Bath   1,607 Sq. Ft.   Single-Family
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George Subdivision Rd
Jasper, AL 35504

Status: Inactive
Listing ID: 56830219

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Property Information

  • Bathrooms: 1
  • Living Area Size: 1,607
  • Lot Size: 2.90 acres
  • Year Built: 1976
  • Source ID: 232477354
  • Day(s) On Site: 247
  • Parcel Number: 02-07-35-0-001-125.000
  • Property Type: Single Family Dwelling
  • Plaintiff: Jp Morgan Chase Bank, N.A.
  • Defendant Name: CONNIE RATLIFF
  • Recording Date: 10-21-2021
  • Document Book: 1938
  • Document Page: 693
  • Trustee Name: TIFFANY & BOSCO, P.A.
  • Trustee City: Birmingham
  • Trustee Address: 2311 Highland Avenue South, Suite 330
  • Trustee State: AL
  • Trustee Zip: 35205
  • Trustee Reference Number: 21-05670
  • Deed Category: NTS

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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: 12-15-2021
  • Auction Address: Courthouse Door
  • Auction City: Jasper

    Loan Information

  • 1st Mortgage Date: 01-28-2005

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George Subdivision Rd
Jasper, AL 35504

1 Bath   1,607 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 56830219

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/index.html?&listingid=56830219

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