$517,770 EMV

3 Beds   2 Baths   1,228 Sq. Ft.   Single-Family
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Sugar Trl
Timnath, CO 80547

Overview

This Single-Family Preforeclosure is located at Sugar Trl, Timnath, CO 80547. It has 3 Beds, 2 Baths , 1,228 sqft of living space. This property is currently in auction with an estimated market value of $517,770.
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Status: Inactive
Listing ID: 57730633

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 1,228
  • Lot Size: 0.17 acres
  • Year Built: 1984
  • Source ID: 51247890
  • Day(s) On Site: 132
  • Parcel Number: 87353-11-002
  • Property Type: Single Family Dwelling
  • Defendant Name: JOE G SALAS
  • Plaintiff: Amerihome Mortgage Company, LLC
  • Case Number: 9379611
  • Recording Date: 03-31-2022
  • Trustee Name: Barrett Frappier & Weisserman, LLP
  • Trustee Address: 1391 Speer Blvd
  • Trustee City: Denver
  • Trustee State: CO
  • Trustee Zip: 80204
  • Trustee Phone: (303) 350-3711
  • Trustee Reference Number: 2022-0044
  • Deed Category: NTS
  • Mortgage Balance: $291,782
  • Document Number: 20220020455
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Potential Home Value

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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: 08-03-2022
  • Auction Time: 10:00 AM
  • Auction Address: 315 W Oak St
  • Auction City: Fort Collins

    Loan Information

  • 1st Mortgage Date: 05-03-2019
  • Mortgage Balance: $291,782

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Rental Value

The estimated rental value for Sugar Trl located in Timnath, CO is $1,560/month. Comparable homes around Sugar Trl that are rentals have monthly ranges starting as low as $1,378 per month and as high as $1,790 per month. An owner looking to use this property as an investment could bring a return in the area of $1,378 - $1,790 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
08/03/22   Bankruptcy
03/31/22 08/03/22 Preforeclosure AMERIHOME MORTGAGE COMPANY LLC
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Sugar Trl
Timnath, CO 80547

3 Beds   2 Baths   1,228 sq. ft.   Single-Family

$517,770 EMV

Status: Inactive Listing ID: 57730633

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Sugar-Trl-Timnath-CO-80547/57730633_lid

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