2 Beds   1 Bath   882 Sq. Ft.
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La Corrida Ct
Indianapolis, IN 46227

Status: Inactive
Listing ID: 57304033

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Property Information

  • Bedrooms: 2
  • Bathrooms: 1
  • Living Area Size: 882
  • Year Built: 1980
  • Source ID: 21376314
  • Day(s) On Site: 131
  • Parcel Number: 49-15-20-104-205.000-500
  • Plaintiff: BMO HARRIS BANK
  • Defendant Name: MICHAEL T WELLS
  • Case Number: 49C01-1909-MF-039644
  • Trustee Name: PADGETT LAW GROUP
  • Trustee City: TALLAHASSEE
  • Trustee Address: 6267 OLD WATER OAK ROAD SUITE 203
  • Trustee State: FL
  • Trustee Zip: 32312
  • Trustee Phone: (850) 422-2520
  • Trustee Reference Number: 02-16-22--045
  • Deed Category: NFS

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Public Records

  • Bedrooms: 2
  • Baths: 1
  • Full Baths: 1
  • Rooms: 6
  • No. of Stories: 1
  • Air Conditioning: CENTRAL
  • Construction Type: STUCCO
  • Heating Type: WARM AIR
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 436
  • Year Built: 1980
  • APN: 49-15-20-104-205.000-500
  • Property Type: Condominium
  • Living Sqft: 882


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: 02-16-2022
  • Auction Address: 200 E WASHINGTON STREET
  • Auction City: INDIANAPOLIS

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Listing History

Start Date End Date Listing Type Bank Name
02/01/22 02/16/22 Preforeclosure Bmo Harris Bank NA

Indianapolis, IN
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La Corrida Ct
Indianapolis, IN 46227

2 Beds   1 Bath   882 sq. ft.


Status: Inactive Listing ID: 57304033

Property Information

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Public Records

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Property Description

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