$257,153 EMV

5 Beds   2 Baths   1,102 Sq. Ft.   Single-Family

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Aberdeen Way
Big Lake, MN 55309

Status: Inactive
Listing ID: 56658281

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Property Information

  • Bedrooms: 5
  • Bathrooms: 2
  • Living Area Size: 1,102
  • Lot Size: 0.28 acres
  • Year Built: 2001
  • Source ID: 32290777
  • Days On Site: 51
  • Parcel Number: 65-503-0110
  • Property Type: Single Family Dwelling
  • Plaintiff: Bay Equity
  • Defendant Name: DANIEL J FRANZ
  • Recording Date: 08-27-2021
  • Trustee Address: 4500 Park Glen Rd
  • Trustee City: Minneapolis
  • Trustee State: MN
  • Trustee Zip: 55416
  • Trustee Phone: (952) 925-6888
  • Trustee Reference Number: 37 - 20-002591
  • Deed Category: NTS
  • Mortgage Balance: $247,745


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.


Auction Information

  • Auction Date: 10-19-2021
  • Auction Time: 10:00 AM
  • Auction Address: Sheriff's Main Office, Courthouse, 13880 Highway 10
  • Auction City: Elk River

    Property Classification

  • Classification Id: Notice of Trustee Sale
  • Classification Desc: This announcement, which is made available to the public by law, describes the date, time and other details of a trustees sale. Finding out about these auctions first will give you more time to research potential bargains and help you get the jump on other investors.

    Loan Information

  • 1st Mortgage Date: 12-09-2016
  • Mortgage Balance: $247,745

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Big Lake, MN
Home Inspectors

Protection Plus Home Inspections LLC
Jonathan B Hopkins

Aberdeen Way
Big Lake, MN 55309

5 Beds   2 Baths   1,102 sq. ft.   Single-Family

$257,153 EMV

Status: Inactive Listing ID: 56658281

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