Price: $274,500

Address: Yates Ave, Calumet City, IL 60409 - (Register For More Details)

Description
This property is a Judgement of Foreclosure Sale. An order was signed by a judge directing that a Notice of Sale be published and a referee to sell this property at a public auction. This 3583 square foot property has 0 bedroom(s) and 3 bath(s). The estimated bid amount is $274,500.00. This property will be auctioned at public sale on Tuesday, July 01, 2008. To access more extensive information on this property click the 'more property detail' link below. You will need to register for full access. Information listed with each property including estimated loan balance is derived from sources deemed accurate but we do not guarantee the accuracy of such information. Please consult all relevant title documents prior to purchase.

Foreclosure Timeline
This property is in the Notice of Foreclosure Sale phase of the Foreclosure process (highlighted in red).

• Day 1: Notice of Default (NOD) recorded. The defaulting property owner has 3 calendar months to cure, or payback the default amount, either by paying off the lien, or by negotiating a payment plan


• Within 10 days: Notice of Default mailed.


• Within 1 month: Notice of Default mailed.


• 3 Months Later: Trustee schedules a Trustee's Sale (auction).


• 21 days later: On the date of sale, trustee sells the property to the highest bidder. This sale is usually held at the trustee’s office, or at the County Courthouse (call trustee for updates on time, date, place).

Foreclosure Status Glossary

• Notice of Default (NOD): The initial document (non-judicial) filed by a trustee that starts the foreclosure process, usually after the occurrence of a default under the deed of trust, or mortgage. Both LIS and NOD are part of the PRE-foreclosure process.


• Lis Penden (LIS): Notification of pending lawsuit. The initial document (judicial) filed by an attorney or trustee that starts the foreclosure process after the occurrence of default under the deed of trust or mortgage. Both LIS and NOD are part of the PRE-foreclosure process.


• Notice of Trustee’s Sale (NTS): A filing by notice announcing a public auction.


• Notice (Judgment) of Foreclosure Sale (NFS): An order signed by a judge, directing a “Notice of Sale” be published and that a referee (trustee) sell the property at public auction.


• Real Estate Owned (REO): “Real Estate Owned” by the lender; the final step in foreclosure process. This document conveys property ownership back to lender.

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Information listed with each property including estimated loan balance is derived from sources deemed accurate but we do not guarantee the accuracy of such information. Please consult all relevant title documents prior to purchase.

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