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Yellow Tail Dr
Colorado Springs, CO 80921

Status: Inactive
Listing ID: 56687676

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Property Information

  • Source ID: 21267486
  • Day(s) On Site: 89
  • Plaintiff: FLYING HORSE HOMEOWNERS ASSOCIATION INC
  • Defendant Name: JERRY MCCAULEY
  • Case Number: 2020CV31884
  • Trustee Name: MOELLER GRAF
  • Trustee Address: 385 INVERNESS PKWY # 200
  • Trustee City: ENGLEWOOD
  • Trustee State: CO
  • Trustee Zip: 80112
  • Trustee Phone: (720) 279-2568
  • Deed Category: NFS
  •  

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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: 11-04-2021
  • Auction Time: 10:00 AM
  • Auction Address: 27 E. VERMIJO AVE
  • Auction City: COLORADO SPRINGS

    Loan Information

  • 1st Mortgage Date: 04-06-2005

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Colorado Springs, CO
Home Inspectors

Ideal Advantage Home Inspections
Joe Gardino Jr.
719-651-1704
Colorado Home Inspectors (ll) Co.
Ken Moon
719-439-4835
Peak Home Inspections
Dylan Margerum
719-495-0042
Welcome Home Inspections
Peter T. Robberson
719-622-8808
Ground Floor Home Inspection, LLC
Christopher Kjeldsen
719-641-1555
foreclosure.com

Yellow Tail Dr
Colorado Springs, CO 80921

 

Status: Inactive Listing ID: 56687676

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