$316,735 EMV

3 Beds   1 Bath   1,064 Sq. Ft.
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Wichita Pl
Colorado Springs, CO 80915

Status: Active
Listing ID: 57113270

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Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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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.


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Listing History

Start Date End Date Listing Type Bank Name
12/07/21   Preforeclosure Lakeview Loan Servicing LLC

Colorado Springs, CO
Home Inspectors
Peak Home Inspections
Dylan Margerum
Cardinal Services
Dan Miller
Colorado Home Inspectors (ll) Co.
Ken Moon
Atrium Inspection Services, LLC
Walter A Kruger
Imagine Home Inspection
Katrine Rhea
Homes On This Street
View more homes on Wichita Pl

Wichita Pl
Colorado Springs, CO 80915

3 Beds   1 Bath   1,064 sq. ft.

$316,735 EMV

Status: Active Listing ID: 57113270

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