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Allegheny Dr
Colorado Springs, CO 80919

Status: Active
Listing ID: 57610359

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Bank Owned

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07/06/18
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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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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Colorado Springs, CO
Home Inspectors
Colorado Home Inspectors (ll) Co.
Ken Moon
719-439-4835
Key Inspection Services
Daniel Noteboom
719-332-9660
C&S Home Inspections
John A Ciambello Jr.
719-205-6824
Welcome Home Inspections
Peter T. Robberson
719-622-8808
Peak Home Inspections
Dylan Margerum
719-495-0042
Homes On This Street
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Allegheny Dr
Colorado Springs, CO 80919

 

Status: Active Listing ID: 57610359

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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=Allegheny-Dr-Colorado-Springs-CO-80919/57610359_lid

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