3 Beds   2.5 Baths   2,144 Sq. Ft.   Single-Family
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Passing Sky Dr
Colorado Springs, CO 80911

Status: Inactive
Listing ID: 54837072

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Living Area Size: 2,144
  • Lot Size: 0.16 acres
  • Year Built: 2011
  • Source ID: 158288328
  • Day(s) On Site: 898
  • Parcel Number: 5507202007
  • Subdivision: PAINTED SKY AT WATER VIEW FILI
  • Property Type: Single Family Dwelling
  • Plaintiff: Wells Fargo Bank, N.A.
  • Defendant Name: MAURICE L. ELLIOTT AND SHEMEKA M. ELLIOTT
  • Case Number: 19-023709
  • Recording Date: 01-15-2020
  • Trustee Name: JANEWAY LAW FIRM, P.C.
  • Trustee Address: 9800 S Meridian Blvd
  • Trustee City: Englewood
  • Trustee State: CO
  • Trustee Zip: 80112
  • Trustee Phone: (303) 706-9990
  • Trustee Reference Number: EPC202000030
  • Deed Category: NTS
  • Mortgage Balance: $208,424
  • Document Number: 220006302

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Public Records

  • Land Area Sqft: 6,986
  • APN: 55072-02-007
  • Property Type: Vacant
  •  
  • Subdivision: PAINTED SKY AT WATER VIEW FILI

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: 05-12-2021
  • Auction Time: 10:00 AM
  • Auction Address: 1675 W Garden Of The Gods Road #2100
  • Auction City: Colorado Springs

    AVM Analysis

  • Valuation Estimate: $354,000

    Loan Information

  • 1st Mortgage Date: 05-12-2011
  • Mortgage Balance: $208,424

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Colorado Springs, CO
Home Inspectors
Colorado Home Inspectors (ll) Co.
Ken Moon
719-439-4835
Key Inspection Services
Daniel Noteboom
719-332-9660
C&S Home Inspections
John A Ciambello Jr.
719-205-6824
Welcome Home Inspections
Peter T. Robberson
719-622-8808
Peak Home Inspections
Dylan Margerum
719-495-0042
Homes On This Street
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Passing Sky Dr
Colorado Springs, CO 80911

3 Beds   2.5 Baths   2,144 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 54837072

Property Information

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Public Records

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Property Description

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Listing URL

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