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Elmwood Ct
Mokena, IL 60448

*Rental Value Coming Soon

Overview

This Preforeclosure is located at Elmwood Ct, Mokena, IL 60448. This property is currently in auction.
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Status: Active
Listing ID: 58890658
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Learn about Elmwood Ct in Mokena, IL

This property is available as a preforeclosure at Elmwood Ct. Based on our analysis of the current market conditions in Mokena for Elmwood Ct and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Elmwood Ct are updated daily along with others in Mokena, Illinois. Since this property is a preforeclosure, check out our Foreclosure Timeline for Elmwood Ct below to see helpful information about this listing.


Foreclosure Timeline

Elmwood Ct in Mokena Illinois Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Elmwood Ct
View Foreclosure Status
03/28/23
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Preforeclosure

The property located at Elmwood Ct in Mokena, IL is listed as a Preforeclosure

The process of preforelcosure with properties like Elmwood Ct in Mokena, Illinois begin 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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Elmwood Ct
Mokena, IL 60448

 

Status: Active Listing ID: 58890658

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Listing URL

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