$543,587 EMV

Get the Preforeclosure Address

15th St Nw
Buffalo, MN 55313

Overview

This is located at 15th St Nw, Buffalo, MN 55313. 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: 58652429

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Rental Chart
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Property Information

  • Source ID: 21689580
  • Day(s) On Site: 64
  • Parcel Number: R203-000-272300
  • Plaintiff: WELLS FARGO BANK
  • Defendant Name: DAVID G LAPLANT
  • Trustee Name: LOGS LEGAL GROUP LLP
  • Trustee Address: 1715 YANKEE DOODLE ROAD SUITE 210
  • Trustee City: EAGAN
  • Trustee State: MN
  • Trustee Zip: 55121
  • Trustee Phone: (952) 831-4060
  • Trustee Reference Number: 22-115271
  • Deed Category: NFS

Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins 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: 11-15-2022
  • Auction Time: 10:00 AM
  • Auction Address: 3800 BRADDOCK AVENUE N.E
  • Auction City: BUFFALO

    Loan Information

  • 1st Mortgage Date: 10-26-2007

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Rental Value

The estimated rental value for 15th St Nw located in Buffalo, MN is $1,800/month. Comparable homes around 15th St Nw that are rentals have monthly ranges starting as low as $1,620 per month and as high as $1,980 per month. An owner looking to use this property as an investment could bring a return in the area of $1,620 - $1,980 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
09/22/22 11/15/22 Preforeclosure Wells Fargo Bank, N.A

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Homes On This Street
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15th St Nw
Buffalo, MN 55313

$543,587 EMV

Status: Inactive Listing ID: 58652429

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=15th-St-Nw-Buffalo-MN-55313/58652429_lid

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