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E Depue Ave
Olivia, MN 56277

Status: Inactive
Listing ID: 57718037

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Property Information

  • Source ID: 21463034
  • Day(s) On Site: 94
  • Subdivision: PETERSONS 1ST ADD
  • Parcel Number: 350290000
  • Plaintiff: FREEDOM MORTGAGE CORPORATION
  • Defendant Name: RICHARD LEE BROWEN
  • Trustee Address: 4500 PARK GLEN ROAD #300
  • Trustee Name: LIEBO WEINGARDEN DOBIE AND BARBEE PLLP
  • Trustee City: MINNEAPOLIS
  • Trustee State: MN
  • Trustee Zip: 55416
  • Trustee Phone: (952) 925-6888
  • Deed Category: NFS
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Public Records

  • APN: 35-02900-00
  • Property Type: Single Family Residence
  • Township: OLIVIA CITY
  • Subdivision: PETERSONS 1ST ADD

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: 05-17-2022
  • Auction Time: 10:00 AM
  • Auction Address: 105 5TH STREET SOUTH
  • Auction City: OLIVIA

    Loan Information

  • 1st Mortgage Date: 08-20-2014

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Listing History

Start Date End Date Listing Type Bank Name
04/20/22 05/10/22 Preforeclosure
03/17/22 05/17/22 Preforeclosure Freedom Mortgage Corp
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E Depue Ave
Olivia, MN 56277

 

Status: Inactive Listing ID: 57718037

Property Information

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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=E-Depue-Ave-Olivia-MN-56277/57718037_lid

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