$39,100 EMV

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Coleman Ave
Fort Wayne, IN 46804

Status: Inactive
Listing ID: 56792905

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Property Information

  • Source ID: 21302268
  • Day(s) On Site: 94
  • Case Number: 02D03-2009-MF-189
  • Trustee Name: SUSAN TRENT
  • Trustee Address: 110 W BERRY ST #2100
  • Trustee City: FORT WAYNE
  • Trustee State: IN
  • Trustee Zip: 46859
  • Trustee Phone: (260) 422-9454
  • Deed Category: NFS
  • Mortgage Balance: $198,385

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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: 01-12-2022
  • Auction Time: 02:00 PM
  • Auction Address: 715 S. CALHOUN STREET ROOM 101
  • Auction City: FORT WAYNE

    Loan Information

  • Mortgage Balance: $198,385

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Listing History

Start Date End Date Listing Type Bank Name
10/23/21 01/12/22 Preforeclosure
09/12/20 09/12/21 Tax Lien

Homes On This Street
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Coleman Ave
Fort Wayne, IN 46804

$39,100 EMV

Status: Inactive Listing ID: 56792905

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