2 Beds   1 Bath   1,512 Sq. Ft.   Single-Family

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Mcgee Ave
Council Bluffs, IA 51503

Status: Inactive
Listing ID: 53099458

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Property Information

  • Bedrooms: 2
  • Bathrooms: 1
  • Living Area Size: 1,512
  • Year Built: 1920
  • Source ID: 20481704
  • Day(s) On Site: 799
  • Subdivision: SUNNYSIDE ADD
  • Property Type: Single Family Dwelling
  • Parcel Number: 000 035 804 024287 000 000
  • Defendant Name: ROBERT R REICHART
  • Case Number: EQCV119479
  • Trustee Name: THE SAYER LAW GROUP PC
  • Trustee Address: 925 E 4TH ST
  • Trustee City: WATERLOO
  • Trustee State: IA
  • Trustee Zip: 50703
  • Trustee Phone: (319) 234-2530
  • Trustee Reference Number: 19008473
  • Deed Category: NFS
  • Mortgage Balance: $105,532

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Public Records

  • Bedrooms: 2
  • Baths: 1
  • Full Baths: 1
  • Rooms: 5
  • No. of Stories: 1
  • Parking Sqft: 440
  • Exterior Wall Type: WOOD
  • Foundation Type: CONCRETE BLOCK
  • Roof Material: ASPHALT
  • Land Area Sqft: 6,098
  • Year Built: 1920
  • APN: 7544-25-205-022
  • Property Type: Single Family Residence
  • Front Footage: 44
  • Living Sqft: 1,512
  • Basement Finish Type: FULL
  • Subdivision: SUNNYSIDE ADD


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: 11-15-2019
  • Auction Time: 10:00 AM
  • Auction Address: 1400 BIG LAKE RD
  • Auction City: COUNCIL BLUFFS

    Loan Information

  • Mortgage Balance: $105,532

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Mcgee Ave
Council Bluffs, IA 51503

2 Beds   1 Bath   1,512 sq. ft.   Single-Family


Status: Inactive Listing ID: 53099458

Property Information

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Public Records

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Property Description

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