3 Beds 2,910 Sq. Ft.   Single-Family

3109 S 6th Ln, Mcallen, TX 78503

Overview

This Single-Family Preforeclosure is located at S 6th Ln, Mcallen, TX 78503. It has 3 Beds, , 2,910 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 58121932

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Property Information

  • Bedrooms: 3
  • Living Area Size: 2,910
  • Year Built: 2006
  • Source ID: 21565704
  • Day(s) On Site: 56
  • Subdivision: LA PAZ-SML
  • Assessed Value: $216,042
  • Property Type: Single Family Dwelling
  • Plaintiff: US BANK TRUST NA
  • Defendant Name: RICO ROSALVA
  • Recording Date: 06-09-2022
  • Trustee Name: BRENT W MARTINELLI
  • Trustee Address: 1700 PACIFIC AVE SUITE 4545
  • Trustee City: DALLAS
  • Trustee State: TX
  • Trustee Zip: 75201
  • Deed Category: NTS
  • Document Number: 2022-106410
  •  

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Public Records

  • Bedrooms: 3
  • Parking: GARAGE/CARPORT
  • Parking Sqft: 275
  • Air Conditioning: CENTRAL
  • Exterior Wall Type: STUCCO
  • Foundation Type: SLAB
  • Heating Type: CENTRAL
  • Roof Material: BUILT UP
  • Roof Type: FLAT
  • Land Area Sqft: 2,650
  • Year Built: 2006
  • APN: L1680-00-000-0005-00
  • Property Type: Single Family Residence
  • Township: HIDALGO COUNTY
  • Front Footage: 25
  • Depth Footage: 106
  • Living Sqft: 2,910
  • Garage: GARAGE/CARPORT
  • Subdivision: LA PAZ-SML
  •  

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: 07-05-2022
  • Auction Time: 10:00 AM
  • Auction Address: 2802 S BUSINESS HIGHWAY 281
  • Auction City: EDINBURG
  • Auction Zip: 78539

    Loan Information

  • 1st Mortgage Date: 07-15-2008

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foreclosure.com

S 6th Ln
Mcallen, TX 78503

3 Beds 2,910 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 58121932

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=3109-S-6th-Ln-Mcallen-TX-78503

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