3 Beds   1 Bath   1,410 Sq. Ft.   Single-Family
Get the Preforeclosure Address

Memorial Dr Se
Cedar Rapids, IA 52403

Overview

This Single-Family Preforeclosure is located at Memorial Dr Se, Cedar Rapids, IA 52403. It has 3 Beds, 1 Bath , 1,410 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 57653266

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,410
  • Lot Size: 0.19 acres
  • Year Built: 1941
  • Source ID: 189903453
  • Day(s) On Site: 150
  • Subdivision: A P
  • Parcel Number: 14-23-4-29-046-0-0000
  • Property Type: Single Family Dwelling
  • Plaintiff: Pennymac Loan Service
  • Defendant Name: Michael O??Connor, et al
  • Case Number: EQCV099268
  • Recording Date: 05-24-2022
  • Deed Category: NFS
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Public Records

  • Bedrooms: 3
  • Baths: 1.5
  • Full Baths: 1
  • Half Baths: 1
  • Rooms: 5
  • No. of Stories: 1
  • Basement Sqft: 962
  • Air Conditioning: YES
  • Exterior Wall Type: ALUMINUM
  • Foundation Type: CONCRETE BLOCK
  • Heating Type: FORCED AIR GAS
  • Roof Material: ASPHALT
  • Roof Type: GABLE
  • Year Built: 1941
  • APN: 14-23-4-29-046-0-0000
  • Property Type: Single Family Residence
  • Township: CR-CR
  • Living Sqft: 962
  • Garage: YES
  • Style: A-FRAME
  • Subdivision: A P
  •  

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: 07-12-2022
  • Auction Time: 10:00 AM
  • Auction Address: 310 2nd Ave Sw
  • Auction City: Cedar Rapids

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Cedar Rapids, IA
Home Inspectors
House and Home Inspection Services
Tony Smith, ACI
319-533-4565
Elite Home Inspections L.L.C.
Craig M. Chmelicek
319-389-7379
Homes On This Street
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Memorial Dr Se
Cedar Rapids, IA 52403

3 Beds   1 Bath   1,410 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 57653266

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=Memorial-Dr-Se-Cedar-Rapids-IA-52403/57653266_lid

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