$404,600 EMV

2,440 Sq. Ft.

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E State Highway 51
Coweta, OK 74429

Status: Inactive
Listing ID: 56656830

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Property Information

  • Living Area Size: 2,440
  • Year Built: 1988
  • Source ID: 21257946
  • Days On Site: 49
  • Subdivision: UNPLTD PT SEC 18 17N 16E
  • Plaintiff: BANKFIRST
  • Defendant Name: SATISHKUMAR PATEL
  • Case Number: CJ21-67
  • Deed Category: NFS
  • Mortgage Balance: $283,333

Public Records

  • No. of Stories: 1
  • Parking: CARPORT
  • Construction Type: METAL
  • Heating Type: PACKAGE
  • Roof Type: FLAT
  • Land Area Sqft: 31,363
  • Year Built: 1988
  • APN: 730066720
  • Property Type: Retail
  • Township: GATESVILLE TWP
  • Living Sqft: 2,440
  • Garage: CARPORT
  • Subdivision: UNPLTD PT SEC 18 17N 16E


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: 10-05-2021
  • Auction Time: 10:00 AM
  • Auction Address: 307 E CHEROKEE ST
  • Auction City: WAGONER

    Property Classification

  • Classification Id: Notice of Foreclosure Sale
  • Classification Desc: This notice announces the date, time and other details related to a proposed public foreclosure auction. Don't scour the local newspapers or waste time at the courthouse hunting down these sales when you can easily find the latest information.

    Loan Information

  • Mortgage Balance: $283,333

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E State Highway 51
Coweta, OK 74429

2,440 sq. ft.

$404,600 EMV

Status: Inactive Listing ID: 56656830

Property Information

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Public Records

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Property Description

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