3 Baths   2,080 Sq. Ft.
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Council Rd
Ratcliff, AR 72951


This Preforeclosure is located at Council Rd, Ratcliff, AR 72951. It has 3 Baths , 2,080 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 50124153

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Property Information

  • Bathrooms: 3
  • Living Area Size: 2,080
  • Year Built: 2005
  • Day(s) On Site: 1800
  • Parcel Number: 001-02795-003
  • Recording Date: 04-28-2022
  • Document Year: 2022
  • Trustee Name: Wilson & Associates, PLLC
  • Trustee Address: 400 West Capitol Avenue
  • Trustee City: Little Rock
  • Trustee Phone: (501) 219-9388
  • Trustee Reference Number: 144180
  • Deed Category: NTS
  • Document Number: 2022R-001227

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Public Records

  • Baths: 3
  • Full Baths: 3
  • No. of Stories: 1
  • Parking: CARPORT
  • Construction Type: FRAME
  • Exterior Wall Type: FRAME
  • Floor Type: STEEL-FLAT-SLAB
  • Foundation Type: SLAB
  • Heating Type: WALL FURNACE
  • Roof Type: GABLE
  • Land Area Sqft: 1,322,917
  • Year Built: 2005
  • APN: 001-02795-003
  • Property Type: Single Family Residence
  • Living Sqft: 2,080
  • Garage: CARPORT


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: 07-07-2022
  • Auction Time: 9:45 AM
  • Auction Location: Ozark

    Loan Information

  • Lender Name: Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for GMAC Mortgage Corporation DBA ditech.com, its successors and assigns
  • Mortgage Servicer: Gregory Funding, LLC
  • Mortgage Type: C

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Council Rd
Ratcliff, AR 72951

3 Baths   2,080 sq. ft.


Status: Inactive Listing ID: 50124153

Property Information

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Public Records

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Property Description

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