3528 Hero Dr, Gretna, LA 70053

Status: Inactive
Listing ID: 54432176

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Property Information

  • Source ID: 20557954
  • Day(s) On Site: 806
  • Subdivision: PARK PLACE
  • Defendant Name: DON ST AMANT
  • Plaintiff: REVERSE MORTGAGE FUNDING LLC
  • Case Number: 799-543
  • Trustee Name: KRISTY M FINLEY
  • Trustee Address: 2106 N 7TH ST STE 138
  • Trustee City: WEST MONROE
  • Trustee State: LA
  • Trustee Zip: 71291
  • Trustee Phone: (318) 325-4678
  • Deed Category: NFS
  • Mortgage Balance: $96,960
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Public Records

  • Land Area Sqft: 11,860
  • APN: 0100005190
  • Property Type: Single Family Residence
  • Subdivision: PARK PLACE

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: 12-11-2019
  • Auction Time: 10:00 AM
  • Auction Address: 1233 WESTBANK EXPY
  • Auction City: HARVEY

    Loan Information

  • Mortgage Balance: $96,960

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Listing History

Start Date End Date Listing Type Bank Name
12/19/19 07/08/20 Foreclosure

Homes On This Street
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Hero Dr
Gretna, LA 70053

 

Status: Inactive Listing ID: 54432176

Property Information

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Public Records

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Property Description

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Listing URL

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