$46,906

1 Bath   1,405 Sq. Ft.
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S Lakeshore Dr
Lake Village, AR 71653

Status: Inactive
Listing ID: 26834334

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Property Information

  • Price: $46,906
  • Bathrooms: 1
  • Living Area Size: 1,405
  • Day(s) On Site: 4020
  • Subdivision: CARLTONS ADD
  • Recording Date: 01-21-2011
  • Owner Name: Jerry Alford, Jr., Sangie Alford f/k/a Sangie Butler
  • Default Date: 08-01-2009
  • Trustee Address: 1521 Merrill Drive
  • Trustee Name: Wilson & Associates, P.L.L.C.
  • Trustee City: Little Rock
  • Trustee Phone: (501) 219-9388
  • Deed Category: NTS
  • Default Date: 08-01-2009
  • Mortgage Balance: $43,609
  •  

Potential Home Value

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Current Value
$46,906
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Public Records

  • Baths: 1
  • Full Baths: 1
  • No. of Stories: 1
  • Air Conditioning: WALL UNIT
  • Exterior Wall Type: FRAME
  • Foundation Type: PIER
  • Heating Type: WALL FURNACE
  • Roof Material: ASPHALT
  • Roof Type: GABLE
  • Land Area Sqft: 15,682
  • APN: 030-00472-000
  • Property Type: Single Family Residence
  • Living Sqft: 1,405
  • Subdivision: CARLTONS ADD

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

  • Minimum Bid: $0
  • Auction Date: 03-23-2011
  • Auction Time: 1:00 PM
  • Auction Location: Courthouse

    Loan Information

  • Lender Name: Washington Mutual Bank, FA
  • Mortgage Balance: $43,609
  • Mortgage Servicer: Midland Mortgage Company
  • Mortgage Type: F

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Homes On This Street
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S Lakeshore Dr
Lake Village, AR 71653

1 Bath   1,405 sq. ft.

$46,906

Status: Inactive Listing ID: 26834334

Property Information

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Public Records

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Property Description

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Listing URL

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