$145,350 EMV

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Deer Park Dr
Grand Cane, LA 71032

Status: Inactive
Listing ID: 56656434

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Property Information

  • Source ID: 21329001
  • Day(s) On Site: 148
  • Subdivision: DEER PARK ESTATES
  • Defendant Name: STANLEY J BORDELON
  • Plaintiff: WELLS FARGO BANK NATIONAL ASSOCIATION
  • Case Number: 82342
  • Deed Category: NFS
  • Mortgage Balance: $56,472
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Public Records

  • APN: 0600904197
  • Property Type: Single Family Residence
  • Subdivision: DEER PARK ESTATES
  •  

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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Auction Information

  • Auction Date: 01-12-2022
  • Auction Time: 10:00 AM
  • Auction Address: 205 FRANKLIN STREET
  • Auction City: MANSFIELD

    Loan Information

  • Mortgage Balance: $56,472

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Listing History

Start Date End Date Listing Type Bank Name
08/24/21 01/12/22 Preforeclosure

Homes On This Street
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Deer Park Dr
Grand Cane, LA 71032

$145,350 EMV

Status: Inactive Listing ID: 56656434

Property Information

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Public Records

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Property Description

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Listing URL

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