3 Beds   1 Bath   1,008 Sq. Ft.   Single-Family

32301 Elk Ln, Stacy, MN 55079

Overview

This Single-Family Preforeclosure is located at Elk Ln, Stacy, MN 55079. It has 3 Beds, 1 Bath , 1,008 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 53089499

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,008
  • Lot Size: 2.61 acres
  • Year Built: 1978
  • Source ID: 20477447
  • Day(s) On Site: 1043
  • Subdivision: COUNTRY OAKS
  • Assessed Value: $128,900
  • Parcel Number: 050057000
  • Property Type: Single Family Dwelling
  • Defendant Name: TIMOTHY T DORSHER
  • Plaintiff: BANK OF AMERICA NATIONAL ASSOCIATION
  • Last Sale Amount: $187,400
  • Last Sale Date: 01-06-2006
  • Trustee Name: SHAPIRO AND ZIELKE LLP
  • Trustee City: BURNSVILLE
  • Trustee Address: 12550 WEST FRONTAGE ROAD STE. 200
  • Trustee State: MN
  • Trustee Zip: 55337
  • Trustee Phone: (952) 831-4060
  • Trustee Reference Number: 18-109952
  • Deed Category: NFS
  • Mortgage Balance: $67,870

Potential Home Value

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Public Records

  • Bedrooms: 3
  • Baths: 1
  • Full Baths: 1
  • Air Conditioning: CENTRAL
  • Exterior Wall Type: HARDBOARD
  • Heating Type: FORCED AIR
  • Roof Material: COMPOSITION SHINGLE
  • Roof Type: GABLE/HIP
  • Land Area Sqft: 113,691
  • Effective Year Built: 1992
  • Year Built: 1978
  • APN: 05-00570-00
  • Property Type: Single Family Residence
  • Township: LENT TWP
  • Living Sqft: 1,008
  • Subdivision: COUNTRY OAKS

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: 11-14-2019
  • Auction Time: 10:00 AM
  • Auction Address: 15230 PER ROAD
  • Auction City: CENTER CITY

    Loan Information

  • 1st Mortgage Date: 03-21-2007
  • Mortgage Balance: $67,870

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Elk Ln
Stacy, MN 55079

3 Beds   1 Bath   1,008 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 53089499

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=32301-Elk-Ln-Stacy-MN-55079

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