3 Beds   1.5 Baths   1,225 Sq. Ft.
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Cornelia Ct
Orlando, FL 32811

Overview

This Preforeclosure is located at Cornelia Ct, Orlando, FL 32811. It has 3 Beds, 1.5 Baths , 1,225 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 57061540

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Living Area Size: 1,225
  • Year Built: 1973
  • Day(s) On Site: 253
  • Subdivision: MALIBU GROVES ADD 11
  • Plaintiff: CIT BANK
  • Defendant Name: BETTY A HILLMAN
  • Case Number: 2018CA005348
  • Recording Date: 10-22-2020
  • Deed Category: NFS
  • Mortgage Balance: $112,053

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Public Records

  • Bedrooms: 3
  • Baths: 1.5
  • Full Baths: 1
  • Half Baths: 1
  • No. of Stories: 1
  • Air Conditioning: CENTRAL
  • Exterior Wall Type: CONCRETE/CINDER BLOCK
  • Heating Type: FORCED AIR
  • Roof Material: COMPOSITION SHINGLE
  • Roof Type: GABLE/HIP
  • Land Area Sqft: 7,674
  • Year Built: 1973
  • APN: 29-22-32-1828-01-090
  • Property Type: Single Family Residence
  • Township: ORLANDO
  • Living Sqft: 1,225
  • Subdivision: MALIBU GROVES ADD 11
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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: 12-20-2021
  • Auction Time: 11:00 AM

    Loan Information

  • 1st Mortgage Date: 02-18-2008
  • 1st Mortgage Amount: $222,000
  • Mortgage Balance: $112,053

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foreclosure.com

Cornelia Ct
Orlando, FL 32811

3 Beds   1.5 Baths   1,225 sq. ft.

 

Status: Inactive Listing ID: 57061540

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=57061540

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