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.
Public Record - See photos and descriptions of 129 Casino St, Freeport, NY 11520. This Freeport, New York Duplex (2 units, any combination) House is —-bed, 3-bath, est.$487,000. Casas de venta en Freeport, NY. Legends casino buffet friday. Casino St, Freeport NY Public Record Property Profiles. Properties listed in Casino St, Freeport NY in alphabetical order. 103 Casino St Freeport, NY 11520106 Casino St Freeport, NY 11520117 Casino St Freeport, NY 11520118 Casino St Freeport, NY 11520121 Casino St Freeport, NY 11520122 Casino St Freeport, NY 11520125 Casino St Freeport, NY 11520126 Casino St Freeport, NY 11520129 Casino St.
Steps as you search for your pre-foreclosure property:
Built in 1949, this Single Family is located at 129 Casino St Freeport, NY 11520. It is approximately 2,713 square feet. Its lot size is 6,360 square feet. 129 Casino St Freeport, NY 11520 was last listed on for $322,000. Compared to the Freeport median size of 1,795 square feet, this property is bigger. View detailed information and reviews for 129 Casino St in Freeport, New York and get driving directions with road conditions and live traffic updates along the way.
129 Casino St Freeport Ny 11520
Public Record - See photos and descriptions of 129 Casino St, Freeport, NY 11520. This Freeport, New York Duplex (2 units, any combination) House is —-bed, 3-bath, est.$487,000. Casas de venta en Freeport, NY. Legends casino buffet friday. Casino St, Freeport NY Public Record Property Profiles. Properties listed in Casino St, Freeport NY in alphabetical order. 103 Casino St Freeport, NY 11520106 Casino St Freeport, NY 11520117 Casino St Freeport, NY 11520118 Casino St Freeport, NY 11520121 Casino St Freeport, NY 11520122 Casino St Freeport, NY 11520125 Casino St Freeport, NY 11520126 Casino St Freeport, NY 11520129 Casino St.
Steps as you search for your pre-foreclosure property:
Built in 1949, this Single Family is located at 129 Casino St Freeport, NY 11520. It is approximately 2,713 square feet. Its lot size is 6,360 square feet. 129 Casino St Freeport, NY 11520 was last listed on for $322,000. Compared to the Freeport median size of 1,795 square feet, this property is bigger. View detailed information and reviews for 129 Casino St in Freeport, New York and get driving directions with road conditions and live traffic updates along the way.
129 Casino St Freeport Ny 11520
Toles B is located at the address 129 Casino St in Freeport, New York 11520. They can be contacted via phone at (516) 223-0313 for pricing, hours and directions. Poker paket. For maps and directions to Toles B view the map to the right.
- Contact the current owner of the property to discuss the terms that might be acceptable. If the property is already listed with a Realtor, contact that broker to get specifics as to the asking price of the property, its condition, and the willingness of the seller or lender to negotiate a short sale.
- Schedule a visit to the property so you can see for yourself what condition it is in. Drive around the area to make certain it is a community that is right for you. (Please keep in mind that the owner may still be living in the property and their privacy should be respected).
- Have a qualified appraiser or real estate professional supply a valuation. Money spent on a real estate appraisal in such circumstances is money well spent.
- Have an attorney or title company search the title to the property noting any other liens, restrictions, or encumbrances that may exist.
- Have your financing lined up so that you know you will be in a position to close when settlement time arrives.
- Present an offer to the seller. If your offer is less than the amount of the debt on the property, ask the owner to present your offer to his lender.
129 Casino St Freeport Ny 11520
Property owners and lenders are both in awkward positions when a loan goes into default. How to win european roulette online. The property owner would like to avoid the foreclosure as it will have very negative consequences for his credit, and can severely limit his chances to obtain credit for a long time into the future. The lender knows it will probably be taking a loss because, if the property was worth the debt on it, the owner probably would have already sold it to avoid the foreclosure. Short sales are very common in pre-foreclosure situations and this leaves the door open for opportunities for you as the lucky real estate investor.
