*Rental Value Coming Soon

Overview

This Single-Family is located at Spring Valley Dr Se, Alto, MI 49302. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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Status: Inactive
Listing ID: 47039918
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Learn about Spring Valley Dr Se in Alto, MI

This single-family property is available as a preforeclosure at Spring Valley Dr Se. Based on our analysis of the current market conditions in Alto for Spring Valley Dr Se and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Spring Valley Dr Se are updated daily along with others in Alto, Michigan.


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Property Information

  • Lot Size: 4.4 acres
  • Source ID: 16770929
  • Day(s) On Site: 2806
  • Subdivision: COLDWATER HILLS
  • Assessed Value: $117,300
  • Parcel Number: 412430276005
  • Property Type: Single Family Dwelling
  • Plaintiff: HSBC BANK USA N A
  • Defendant Name: LORI KRUEGER
  • Trustee Name: TROTT LAW 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: 232201F02
  • Deed Category: NFS
  • Mortgage Balance: $174,864
  •  

Public Records

  • APN: 41-24-30-276-005
  • Property Type: Condominium
  • Township: BOWNE TOWNSHIP
  • Subdivision: COLDWATER HILLS

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: 08-19-2015
  • Auction Time: 10:00 AM
  • Auction Address: THE CIRCUIT COURT WITHIN KENT COUNTY
  • Auction City: GRAND RAPIDS

Loan Information

  • 1st Mortgage Date: 11-03-2006
  • Mortgage Balance: $174,864

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County Information

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Spring Valley Dr Se
Alto, MI 49302

Single-Family

 

Status: Inactive Listing ID: 47039918

Property Information

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Public Records

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Property Description

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Listing URL

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