2 Beds   3 Baths   1,268 Sq. Ft.   Condo
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Palmer Ct
Farmington Hills, MI 48336

Overview

This Condo Preforeclosure is located at Palmer Ct, Farmington Hills, MI 48336. It has 2 Beds, 3 Baths , 1,268 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 57792010

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Property Information

  • Bedrooms: 2
  • Bathrooms: 3
  • Living Area Size: 1,268
  • Lot Size: 0.00 acres
  • Year Built: 1999
  • Source ID: 150981686
  • Day(s) On Site: 120
  • Subdivision: MICROPOLIS VILLAGE CONDO
  • Parcel Number: 22-23-23-276-091
  • Property Type: Condo
  • Plaintiff: Mortgage Center LLC
  • Defendant Name: Helen Long-Eady
  • Recording Date: 04-12-2022
  • Deed Category: NTS

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Public Records

  • Bedrooms: 2
  • Baths: 2
  • Full Baths: 2
  • Rooms: 5
  • No. of Stories: 1
  • Basement Sqft: 1,200
  • Parking: DETACHED GARAGE
  • Parking Sqft: 420
  • Air Conditioning: CENTRAL
  • Fireplaces: YES
  • Heating Fuel: ELECTRIC
  • Heating Type: FORCED AIR
  • Roof Material: ASPHALT
  • Roof Type: GABLE
  • Year Built: 1999
  • APN: 23-23-276-091
  • Property Type: Condominium
  • Township: FARMINGTON HILLS
  • Living Sqft: 1,200
  • Basement Finish Type: UNFINISHED
  • Garage: DETACHED
  • Style: RANCH
  • Subdivision: MICROPOLIS VILLAGE CONDO
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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: 05-10-2022
  • Auction Time: 10:00 AM
  • Auction Address: Oakland County Courthouse
  • Auction City: Pontiac

    Loan Information

  • 1st Mortgage Date: 04-18-2018

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Farmington Hills, MI
Home Inspectors
Amerispec Home Inspection Service
Richard Hogan
248-324-4418
Homes On This Street
View more homes on Palmer Ct
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Palmer Ct
Farmington Hills, MI 48336

2 Beds   3 Baths   1,268 sq. ft.   Condo

 

Status: Inactive Listing ID: 57792010

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=57792010

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