3,840 Sq. Ft.   Commercial
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22nd Ave Ne
Minneapolis, MN 55418

Status: Inactive
Listing ID: 57757766

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Property Information

  • Living Area Size: 3,840
  • Lot Size: 0.20 acres
  • Year Built: 1914
  • Source ID: 195213367
  • Day(s) On Site: 81
  • Parcel Number: 11-029-24-31-0154
  • Property Type: Commercial
  • Plaintiff: American Mortgage Network
  • Defendant Name: CLARK BEYER
  • Recording Date: 04-06-2022
  • Trustee Name: LOGS LEGAL GROUP LLP
  • Trustee Address: 1715 Yankee Doodle Rd
  • Trustee City: Eagan
  • Trustee State: MN
  • Trustee Zip: 55121
  • Trustee Phone: (952) 831-4060
  • Deed Category: NTS
  •  

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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: 05-24-2022
  • Auction Time: 10:00 AM
  • Auction Address: Hennepin County Sheriff's Office, Room 30, 350 S 5th St
  • Auction City: Minneapolis

    Loan Information

  • 1st Mortgage Date: 01-31-2005

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Minneapolis, MN
Home Inspectors
Minnesota Home Inspectors LLC
Kenneth Rowe
651-489-4633
InspectuCasa IC Inspections LLC
Luis Alcaraz
612-743-8228
LEAF Building Services
Adam Anderson
612-221-3450
Inspecta-Homes
Jesse Mueller
612-978-6706
Structure Tech Home Inspections
Wayne Rademacher
952-915-6466
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22nd Ave Ne
Minneapolis, MN 55418

3,840 sq. ft.   Commercial

Active 

Status: Inactive Listing ID: 57757766

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=22nd-Ave-Ne-Minneapolis-MN-55418/57757766_lid

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