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Lafayette Ave
Buffalo, NY 14213

Status: Inactive
Listing ID: 57290104

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Property Information

  • Source ID: 21375907
  • Day(s) On Site: 175
  • Plaintiff: UMB BANK
  • Defendant Name: MILLWOOD MICHELLE
  • Recording Date: 09-27-2021
  • Recording Book: 13862
  • Document Book: 424
  • Document Page: 3569
  • Trustee Name: FRENKEL LAMBERT WEISS WEISMAN AND GORDON LLP
  • Trustee Address: 53 GIBSON ST
  • Trustee City: BAY SHORE
  • Trustee State: NY
  • Trustee Zip: 11706
  • Trustee Phone: (631) 969-3100
  • Deed Category: LP
  • Document Number: 2021192261
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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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    Loan Information

  • 1st Mortgage Date: 07-10-2018

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Listing History

Start Date End Date Listing Type Bank Name
09/27/21 05/25/22 Preforeclosure Umb Bank

Buffalo, NY
Home Inspectors
Buffalo Girl Home Inspection
Jason H Watson
7162171957
Building Inspectors of WNY Inc
Michael J Poli, P.E.
716-694-7735
Homes On This Street
View more homes on Lafayette Ave
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Lafayette Ave
Buffalo, NY 14213

 

Status: Inactive Listing ID: 57290104

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/index.html?&listingid=57290104

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