$344,666 EMV

3 Beds   1 Bath   1,220 Sq. Ft.
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181st Ave Ne
Forest Lake, MN 55025

Overview

This Preforeclosure is located at 181st Ave Ne, Forest Lake, MN 55025. It has 3 Beds, 1 Bath , 1,220 sqft of living space. This property is currently in auction with an estimated market value of $344,666.
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Status: Inactive
Listing ID: 57973409

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,220
  • Year Built: 1988
  • Source ID: 21609403
  • Day(s) On Site: 88
  • Subdivision: WOODED ACRES ESTATES
  • Parcel Number: 02-32-22-12-0008
  • Plaintiff: WELLS FARGO BANK NA
  • Defendant Name: ERIC J CHRISTIANSON
  • Trustee Name: TROTT LAW PC
  • Trustee Address: 25 DALE STREET NORTH
  • Trustee City: SAINT PAUL
  • Trustee State: MN
  • Trustee Zip: 55102
  • Trustee Phone: (651) 209-9760
  • Trustee Reference Number: 22-0378-FC01
  • Deed Category: NFS

Potential Home Value

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Public Records

  • Bedrooms: 3
  • Baths: 1
  • Full Baths: 1
  • Rooms: 6
  • No. of Stories: 1
  • Parking Sqft: 484
  • Exterior Wall Type: FRAME/VINYL
  • Foundation Type: CONCRETE BLOCK
  • Heating Type: FURNACE
  • Roof Material: COMPOSITION SHINGLE
  • Roof Type: GABLE
  • Effective Year Built: 1988
  • Year Built: 1971
  • APN: 02-32-22-12-0008
  • Property Type: Single Family Residence
  • Township: COLUMBUS
  • Living Sqft: 1,220
  • Garage: YES
  • Subdivision: WOODED ACRES ESTATES
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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: 08-16-2022
  • Auction Time: 10:00 AM
  • Auction Address: 13301 HANSON BOULEVARD NW
  • Auction City: ANDOVER

    Loan Information

  • 1st Mortgage Date: 03-19-2007

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Rental Value

The estimated rental value for 181st Ave Ne located in Forest Lake, MN is $1,600/month. Comparable homes around 181st Ave Ne that are rentals have monthly ranges starting as low as $1,440 per month and as high as $1,760 per month. An owner looking to use this property as an investment could bring a return in the area of $1,440 - $1,760 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
01/20/20 04/17/20 Preforeclosure WELLS FARGO BANK
01/17/20 04/17/20 Preforeclosure Wels Fargo Bank, N.A.
foreclosure.com

181st Ave Ne
Forest Lake, MN 55025

3 Beds   1 Bath   1,220 sq. ft.

$344,666 EMV

Status: Inactive Listing ID: 57973409

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=181st-Ave-Ne-Forest-Lake-MN-55025/57973409_lid

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