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Main St
Panama, IA 51562

*Rental Value Coming Soon


This is located at Main St, Panama, IA 51562. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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Status: Inactive
Listing ID: 59240002
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Learn about Main St in Panama, IA

This property is available as a preforeclosure at Main St. Based on our analysis of the current market conditions in Panama for Main St and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Main St are updated daily along with others in Panama, Iowa.

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Property Information

  • Source ID: 21835330
  • Day(s) On Site: 74
  • Defendant Name: BRUCK TACY A
  • Case Number: EQCV020477
  • Deed Category: NFS
  • Mortgage Balance: $70,120


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: 01-30-2023
  • Auction Time: 10:00 AM
  • Auction Address: 612 Court Street
  • Auction City: Harlan

Loan Information

  • Mortgage Balance: $70,120

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Listing History

Start Date End Date Listing Type Bank Name
03/11/23   Foreclosure
01/01/23 01/30/23 Preforeclosure
04/26/22 10/23/22 Preforeclosure US Bank NA


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Homes On This Street
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Main St
Panama, IA 51562


Status: Inactive Listing ID: 59240002

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