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Jeffrey Grieshop
  • New to Real Estate
  • Coldwater, OH
61
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105
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preforeclosure basic questions

Jeffrey Grieshop
  • New to Real Estate
  • Coldwater, OH
Posted Feb 19 2020, 03:46

Why would REI Pro list 100% "potential equity" but then it is also showing as a preforeclosure, lis pendens, filed 1/24/20?

So, this could be paid off in full but that doesn't mean it is. If it's paid in full and in preforeclosure, it would almost have to be that they are not paying property taxes, right? Can someone look at its prior history and breakdown what they think is happening? It's showing a $92k loan taken out in 2011. If that's the case, there is a very slim chance this property is paid off.

Would REI Pro, for any reason, report a preforeclosure, when it is in fact, not in preforeclosure?

Pics are very small - here are the details of the mortgage info history(format is not perfect and I can't fix it):

1  
9/15/2011SteveMvb Mortgage CorporationFha$92,240
4/30/2010SteveMvb Mortgage CorporationFha$92,683
Mvb Mortgage CorporationFha$92,683
10/23/2008StevePerfect Mortgage IncFha$92,541
2/12/2007SteveNational City MortgageFha$66,974
7/31/2006SteveBeneficial Ohio IncLine of Credit$15,000

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