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State Hwy 55
Cascade, ID 83611

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Overview

This Preforeclosure is located at State Hwy 55, Cascade, ID 83611. This property is currently in auction.
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Status: Active
Listing ID: 58317904

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Foreclosure Timeline

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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View Foreclosure Status
05/01/10
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Property Information

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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Address: State Hwy 55 Cascade ID 83611

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State Hwy 55
Cascade, ID 83611

 

Status: Active Listing ID: 58317904

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Listing URL

https://static.foreclosure.com/listing/address.html?address=State-Hwy-55-Cascade-ID-83611/58317904_lid

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