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Ne 76th Ave
Portland, OR 97213

Status: Inactive
Listing ID: 56776793

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Property Information

  • Source ID: 21296441
  • Day(s) On Site: 58
  • Defendant Name: NICOLE MONKUS
  • Trustee Name: JAMES P LAURICK
  • Trustee City: PORTLAND
  • Trustee Address: 2701 NW VAUGHN STREET SUITE 780
  • Trustee State: OR
  • Trustee Zip: 97210
  • Trustee Phone: (503) 224-0055
  • Deed Category: NTS
  • Mortgage Balance: $51,000

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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: 11-19-2021
  • Auction Time: 01:00 PM
  • Auction Address: 1200 SW 1ST AVENUE
  • Auction City: PORTLAND

    Loan Information

  • 1st Mortgage Date: 08-21-2020
  • Mortgage Balance: $51,000

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Listing History

Start Date End Date Listing Type Bank Name
10/22/21 11/30/21 Preforeclosure L&M Recreation LLC

Portland, OR
Home Inspectors

Tabor Northwest Home Inspections
Zach Cross
Walker Inspection Service
Susan Walker
Associated Master Inspectors, LLC Inc
Jay Hensleigh
Ideal Property Inspections, LLC
Roland G. Zapata
Miller Home Inspection, LLC
Michael Miller

Ne 76th Ave
Portland, OR 97213


Status: Inactive Listing ID: 56776793

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