3 Beds   1 Bath   Single-Family

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Garfield Ave
Mount Morris, MI 48458

Status: Inactive
Listing ID: 32949540

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Source ID: 10023174
  • Days On Site: 3564
  • Estimated Value: $30,184
  • Assessed Value: $14,800
  • Parcel Number: 11-06-576-081
  • Property Type: Single Family Dwelling
  • Defendant Name: TERESA KULA
  • Last Sale Amount: $66,000
  • Last Sale Date: 08-07-2008
  • Trustee Name: TROTT AND TROTT PC
  • Trustee Address: 31440 NORTHWESTERN HIGHWAYSUITE 200
  • Trustee City: FARMINGTON HILLS
  • Trustee State: MI
  • Trustee Zip: 48334
  • Trustee Phone: (248) 642-2515
  • Trustee Reference Number: 390281F01
  • Deed Category: NFS
  • Mortgage Balance: $74,250
  • Document Number: 200807310056801


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: 03-21-2012
  • Auction Time: 11:00 AM

    Property Classification

  • Classification Id: Notice of Foreclosure Sale
  • Classification Desc: This notice announces the date, time and other details related to a proposed public foreclosure auction. Don't scour the local newspapers or waste time at the courthouse hunting down these sales when you can easily find the latest information.

    Loan Information

  • 1st Mortgage Date: 07-24-2008
  • Mortgage Balance: $74,250

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Garfield Ave
Mount Morris, MI 48458

3 Beds   1 Bath   Single-Family


Status: Inactive Listing ID: 32949540

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