8 Beds   8 Baths   4,294 Sq. Ft.   Multi-Family

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Cervantes # 294
Lake Oswego, OR 97035

Status: Inactive
Listing ID: 56717658

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Property Information

  • Bedrooms: 8
  • Bathrooms: 8
  • Living Area Size: 4,294
  • Lot Size: 0.29 acres
  • Year Built: 1978
  • Source ID: 195225192
  • Subdivision: MOUNTAIN PARK
  • Parcel Number: 1S1E31DD 03300
  • Property Type: Multi Family Dwelling
  • Recording Date: 09-08-2021
  • Plaintiff: US Bank Trust National Association
  • Trustee Address: 2763 Camino Del Rio Soujth
  • Trustee City: San Diego
  • Trustee State: CA
  • Trustee Zip: 92108
  • Trustee Phone: (619) 645-7711
  • Trustee Reference Number: OR-18-804526-SH
  • Deed Category: NTS
  • Mortgage Balance: $801,829
  • Document Number: 2021-135997

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Public Records

  • Bedrooms: 8
  • Baths: 6
  • Full Baths: 4
  • Half Baths: 4
  • No. of Stories: 2
  • Basement Sqft: 828
  • Air Conditioning: CENTRAL
  • Fireplaces: PREFAB
  • Exterior Wall Type: WOOD
  • Foundation Type: CONCRETE
  • Heating Fuel: ELECTRIC
  • Heating Type: FORCED AIR
  • Roof Material: TILE
  • Roof Type: GABLE
  • Land Area Sqft: 12,625
  • Year Built: 1978
  • APN: R222787
  • Property Type: Single Family Residence
  • Living Sqft: 4,294
  • Garage: BASEMENT - 1 CAR
  • Sewer Type: PUBLIC
  • Subdivision: MOUNTAIN PARK


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: 10-21-2021
  • Auction Time: 10:00 AM
  • Auction Address: 1200 Sw 1st Ave
  • Auction City: Portland

    Loan Information

  • Mortgage Balance: $801,829

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Cervantes # 294
Lake Oswego, OR 97035

8 Beds   8 Baths   4,294 sq. ft.   Multi-Family


Status: Inactive Listing ID: 56717658

Property Information

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Public Records

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Property Description

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