1,087 Sq. Ft.
Get the Preforeclosure Address

Potter St
Red Wing, MN 55066

*Rental Value Coming Soon

Overview

This is located at Potter St, Red Wing, MN 55066. 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. It has , 1,087 sqft of living space.
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Status: Inactive
Listing ID: 58475371

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Property Information

  • Living Area Size: 1,087
  • Source ID: 21649288
  • Day(s) On Site: 107
  • Subdivision: MCSORLEYS ADD
  • Parcel Number: 55.370.0340
  • Defendant Name: SUZANNE M LOVE
  • Plaintiff: MANUFACTURERS BANK AND TRUST COMPANY
  • Trustee Name: WILFORD GESKE AND COOK PA
  • Trustee City: WOODBURY
  • Trustee Address: 7616 CURRELL BOULEVARD SUITE 200
  • Trustee State: MN
  • Trustee Zip: 55125
  • Trustee Phone: (651) 209-3300
  • Trustee Reference Number: 051408-F1
  • Deed Category: NFS
  •  

Public Records

  • Land Area Sqft: 4,819
  • APN: 55.370.0340
  • Property Type: Single Family Residence
  • Township: RED WING
  • Living Sqft: 1,087
  • Subdivision: MCSORLEYS ADD

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: 09-28-2022
  • Auction Time: 10:00 AM
  • Auction Address: 430 WEST SIXTH STREET
  • Auction City: RED WING

    Loan Information

  • 1st Mortgage Date: 09-11-2012

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Listing History

Start Date End Date Listing Type Bank Name
08/20/22 09/28/22 Preforeclosure Manufacturers Bank And Trust

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Potter St
Red Wing, MN 55066

1,087 sq. ft.

 

Status: Inactive Listing ID: 58475371

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=Potter-St-Red-Wing-MN-55066/58475371_lid

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