3 Beds   1 Bath   960 Sq. Ft.
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8th Ave Nw
Seattle, WA 98117

Overview

This Preforeclosure is located at 8th Ave Nw, Seattle, WA 98117. It has 3 Beds, 1 Bath , 960 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 58017715

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 960
  • Year Built: 1910
  • Day(s) On Site: 77
  • Defendant Name: JACOB A SCHLAHT
  • Plaintiff: MERS / REVERSE MORTGAGE FUNDING
  • Case Number: 097378WA
  • Recording Date: 01-25-2022
  • Deed Category: NFS
  • Mortgage Balance: $124,439

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Public Records

  • Bedrooms: 3
  • Baths: 1
  • Full Baths: 1
  • No. of Stories: 1
  • Basement Sqft: 660
  • Heating Fuel: OIL
  • Heating Type: FORCED AIR
  • Land Area Sqft: 9,000
  • Year Built: 1910
  • APN: 362603-9047
  • Property Type: Single Family Residence
  • Living Sqft: 960
  • Sewer Type: PUBLIC
  • Water Type: PUBLIC

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: 06-17-2022
  • Auction Time: 10:00 AM
  • Auction Location: AT 4TH AVE ENTRANCE OF THE KING COUNTY ADMINSTRATION BUILDING 500 4TH AVE SEATTLE

    Loan Information

  • 1st Mortgage Date: 06-22-2017
  • Mortgage Balance: $124,439

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Listing History

Start Date End Date Listing Type Bank Name
01/27/22 06/17/22 Preforeclosure
01/25/22 06/17/22 Preforeclosure American Advisors Group

Seattle, WA
Home Inspectors
Inside Out Inspection Services
Reis Pearson
2069096385
Scout Building Inspection, Inc.
Don McFeron
206-524-8785
Pillar to Post Professional Home Inspection
Devin Lehmann
206-933-1151
Southwest Services
Gary Moseley
206-935-9240
Homes On This Street
View more homes on 8th Ave Nw
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8th Ave Nw
Seattle, WA 98117

3 Beds   1 Bath   960 sq. ft.

 

Status: Inactive Listing ID: 58017715

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=8th-Ave-Nw-Seattle-WA-98117/58017715_lid

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