3 Beds   1 Bath   973 Sq. Ft.   Single-Family
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19th Ave Ne
Minneapolis, MN 55418

Status: Inactive
Listing ID: 57907909

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Notice of Public Foreclosure Auction

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 973
  • Year Built: 1900
  • Comments: Invest with success and buy through Auction.com. This foreclosure investment property is a great opportunity to rehab and flip for potential profit or rent out for long-term income. This 973 square feet property features 3 beds and 1.0 bath. It is located in Hennepin County in the city of Minneapolis. Be ready to bid and buy at auction on 06-10-2022. Visit Auction.com to find additional property details, time-saving reports, and important auction information.
  • Day(s) On Site: 45
  • Property Type: Single Family Dwelling
  • Deed Category: NFS
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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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Address: 19th Ave Ne Minneapolis MN 55418

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Auction Information

  • Minimum Bid: $0
  • Auction Date: 06-10-2022

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Minneapolis, MN
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Homes On This Street
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19th Ave Ne
Minneapolis, MN 55418

3 Beds   1 Bath   973 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 57907909

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Listing URL

https://static.foreclosure.com/listing/address.html?address=19th-Ave-Ne-Minneapolis-MN-55418/57907909_lid

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