4 Beds   1.5 Baths   1,756 Sq. Ft.
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Phay Ave
Canon City, CO 81212

Status: Inactive
Listing ID: 57421826

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Property Information

  • Bedrooms: 4
  • Bathrooms: 1.5
  • Living Area Size: 1,756
  • Year Built: 1972
  • Source ID: 21399354
  • Day(s) On Site: 143
  • Subdivision: FAIRPARK SEC 03
  • Defendant Name: OSCAR CARDENAS
  • Recording Date: 02-03-2022
  • Trustee Address: 2000 S COLORADO BLVD TOWER TWO SUITE 700
  • Trustee City: DENVER
  • Trustee State: CO
  • Trustee Zip: 80222
  • Trustee Phone: (303) 329-3363
  • Trustee Reference Number: 3629-059
  • Deed Category: NFS
  • Mortgage Balance: $139,681

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Public Records

  • Bedrooms: 4
  • Baths: 1.5
  • Full Baths: 1
  • Half Baths: 1
  • Rooms: 7
  • No. of Stories: 1
  • Parking Sqft: 288
  • Exterior Wall Type: FRAME WOOD/STUCCO
  • Heating Type: FORCED AIR
  • Roof Type: GABLE/HIP
  • Land Area Sqft: 8,580
  • Year Built: 1972
  • APN: 11016400
  • Property Type: Single Family Residence
  • Living Sqft: 1,756
  • Garage: ATTACHED
  • Style: BI-LEVEL
  • Subdivision: FAIRPARK SEC 03


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: 05-25-2022
  • Auction Time: 10:00 AM
  • Auction Address: 615 MACON AVENUE
  • Auction City: CANON CITY

    Loan Information

  • 1st Mortgage Date: 01-05-2007
  • Mortgage Balance: $139,681

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Listing History

Start Date End Date Listing Type Bank Name
04/16/22   Bankruptcy
02/03/22 05/25/22 Preforeclosure United States Department Of...

Phay Ave
Canon City, CO 81212

4 Beds   1.5 Baths   1,756 sq. ft.


Status: Inactive Listing ID: 57421826

Property Information

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Public Records

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Property Description

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