1 Bath   927 Sq. Ft.   Single-Family
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Ne Simpson St
Portland, OR 97218

Status: Inactive
Listing ID: 24906418

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Property Information

  • Bathrooms: 1
  • Living Area Size: 927
  • Levels: 1
  • Heating Type: Forced Air
  • Year Built: 1951
  • Source ID: 6112499
  • Estimated Value: $173,847
  • Day(s) On Site: 4112
  • Assessed Value: $59,610
  • Parcel Number: R771100250
  • Property Type: Single Family Dwelling
  • Plaintiff: SUNSET MORTGAGE
  • Recording Date: 08-03-2010
  • Last Sale Amount: $134,900
  • Last Sale Date: 09-03-2005
  • Trustee City: TUSTIN
  • Trustee Address: 17501 IRVINE BLVD. SUITE #1
  • Trustee State: CA
  • Trustee Zip: 92780
  • Trustee Phone: (800) 570-3500
  • Trustee Reference Number: OR-10-376708-NH
  • Deed Category: NTS
  • Mortgage Balance: $107,900
  • Document Number: 174715

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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.


Auction Information

  • Auction Date: 12-22-2010
  • Auction Time: 10:00 AM
  • Auction Address: 1021 SW 4TH AVE
  • Auction City: PORTLAND

    Loan Information

  • Mortgage Balance: $107,900

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Portland, OR
Home Inspectors
Ideal Property Inspections, LLC
Roland G. Zapata
Walker Inspection Service
Susan Walker
Miller Home Inspection, LLC
Michael Miller
House Detective
Karen Krieger
Associated Master Inspectors, LLC Inc
Jay Hensleigh
Homes On This Street
View more homes on Ne Simpson St

Ne Simpson St
Portland, OR 97218

1 Bath   927 sq. ft.   Single-Family


Status: Inactive Listing ID: 24906418

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