Single-Family

304 3rd St, Cushing, IA 51018

Status: Inactive
Listing ID: 38547477

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Property Information

  • Source ID: 12736334
  • Estimated Value: $94,061
  • Day(s) On Site: 3416
  • Parcel Number: 884201259012
  • Property Type: Single Family Dwelling
  • Plaintiff: UNITED BANK OF IOWA
  • Defendant Name: ANTHONY MCCORMICK
  • Case Number: EQCV146747
  • Trustee Name: DAVID DREW
  • Trustee Address: 407 7TH ST
  • Trustee City: SIOUX CITY
  • Trustee State: IA
  • Trustee Zip: 51101
  • Trustee Phone: (712) 279-6010
  • Deed Category: NFS
  • Mortgage Balance: $101,400

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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: 04-16-2013
  • Auction Time: 10:00 AM
  • Auction Address: FIRST FLOOR LOBBY OF THE WOODBURY COUNTY COURTHOUSE

    Loan Information

  • Mortgage Balance: $101,400

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Listing History

Start Date End Date Listing Type Bank Name
09/12/12 11/08/12 Preforeclosure UNITED BANK OF IOWA
foreclosure.com

3rd St
Cushing, IA 51018

Single-Family

 

Status: Inactive Listing ID: 38547477

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=304-3rd-St-Cushing-IA-51018

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