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Winbourne Rd Rochester, NY 14619 (19th Ward)


  • 3 bed,
  • 2 full bath,
  • 1,690 sqft
  • Single-Family Home
Foreclosure / Resale

$78,280

Loan
Amount
Added on Trulia  

Home Details for Winbourne Rd


180+ Days on Trulia
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Description provided by Realty Trac
Winbourne Rd Notice of Default. This property has started the foreclosure process because a loan secured by the property is in default. The borrower/homeowner still has the opportunity to stop the foreclosure by catching up on defaulted payments or paying off the entire loan balance usually by refinancing or selling the property. Homeowners in default are often motivated sellers who want to avoid losing their property at public foreclosure auction. Please register for a free trial with RealtyTrac to access complete information for this property, including full address, foreclosure details, owner and lender information, and more. View our Foreclosure Guides
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Foreclosure Types

  • Pre-Foreclosure (Notice of Default or Lis Pendens):

    Pre-foreclosure (NOD or LIS) is the first stage in the foreclosure process that begins when a homeowner receives a default notice for missing one or more mortgage payments. Owners in default can stop the foreclosure process by paying the past-due payments or by paying off the entire loan balance — usually by refinancing or by selling the property. They can also avoid foreclosure by selling before the auction — this may have to be a short sale if the homeowner owes more than the property is worth. Homeowners in pre-foreclosure are usually motivated sellers who want to avoid losing their property at a public foreclosure auction.


    Read more about Pre-Foreclosures »
  • Auction (Notice of Trustee Sale or Notice of Foreclosure Sale):

    A public foreclosure auction (NTS, NFS) occurs when a homeowner in default does not stop foreclosure proceedings during the pre-foreclosure period. Properties are typically auctioned off in a public location — such as a local county courthouse — by an attorney or local public official. Auctions can present opportunities to buy properties below market value, but usually don't allow for property inspections and often require that buyers pay in cash — typically in the form of cashiers checks. Up until the auction occurs, however, buyers may still have an opportunity to buy directly from the homeowner in default via short sale or regular sale.


    Read more about Foreclosure Auctions »
  • Bank Owned (REO):

    A property becomes a full-fledged foreclosure — sometimes referred to as a Real Estate Owned (REO) property — when it is repossessed by the foreclosing lender. The lender can take possession either through a deed-in-lieu-of foreclosure agreement with the owner during the pre-foreclosure period or through a winning bid at the public foreclosure auction. Foreclosing lenders are often motivated to sell these properties quickly because they are non-performing assets for their bottom line. Of the three stages of foreclosure, REOs are most likely to also be listed for sale with a real estate agent on the MLS, but not all REOs are listed yet — meaning buyers may have to contact the lender or servicer directly to make an offer.


    Read more about Bank Owned Foreclosures »
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Checklist to buy bank-owned properties
If the lender takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to recover the unpaid loan amount. If you're a real estate investor...

By RealtyTrac | 227 Comments


Checklist to buy properties at public auction
Real estate auctions are a quick and efficient way to sell and buy property. They can also yield great deals for buyers who have a plan in place and don't get caught up in the exciting auction atmosphere. Use the checklist below to make sure you're prepared...

By RealtyTrac | 27 Comments


Contacting the owner or trustee and making an offer
Depending on the stage of the foreclosure process, you may need to contact the homeowner, trustee, or lender to make an offer and purchase the property. Review the tips below to find out whom to contact at each stage of the foreclosure process and how to make...

By RealtyTrac | 60 Comments


View all foreclosure guides »

Neighborhood Info


$1,099,500
4 br / 2 ba
Single-Family Home
OPEN HOUSE Sun Oct 16, 2pm to 4pm