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Fairview Ave
Lake Forest, IL 60045

*Rental Value Coming Soon

Overview

This is located at Fairview Ave, Lake Forest, IL 60045. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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Status: Inactive
Listing ID: 59226526
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Learn about Fairview Ave in Lake Forest, IL

This property is available as a preforeclosure at Fairview Ave. Based on our analysis of the current market conditions in Lake Forest for Fairview Ave 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 Fairview Ave are updated daily along with others in Lake Forest, Illinois.


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Property Information

  • Source ID: 16-08-212-018
  • Day(s) On Site: 142
  • Plaintiff: U.S. BANK TRUST NATIONAL ASSOCIATION
  • Defendant Name: WILLIAMS, H. O., III
  • Case Number: 21CH302
  • Attorney Law Firm: CODILIS & ASSOCIATES
  • Deed Category: NFS

Preforeclosure

The property located at Fairview Ave in Lake Forest, IL is listed as a Preforeclosure

The process of preforelcosure with properties like Fairview Ave in Lake Forest, 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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Auction Information

  • Auction Date: 04-04-2023
  • Auction Time: 9:00 AM
  • Auction Location: Conference Room of the Lake County Sherriff's Office, 25 S. Martin Luther King Jr Ave, Waukegan, IL 60085

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Fairview Ave
Lake Forest, IL 60045

 

Status: Inactive Listing ID: 59226526

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Listing URL

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