2 Beds   1 Bath   836 Sq. Ft.   Single-Family
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E 48th St
Minneapolis, MN 55417

Status: Inactive
Listing ID: 56242263

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Property Information

  • Bedrooms: 2
  • Bathrooms: 1
  • Living Area Size: 836
  • Lot Size: 0.11 acres
  • Year Built: 1925
  • Source ID: 199986433
  • Day(s) On Site: 420
  • Subdivision: BELMONT PARK ADD
  • Parcel Number: 1402824220232
  • Property Type: Single Family Dwelling
  • Plaintiff: Gmac Mortgage
  • Defendant Name: Bradley R. Johnson
  • Recording Date: 03-24-2021
  • Trustee Name: TROTT LAW
  • Trustee Address: 25 Dale St N
  • Trustee City: Saint Paul
  • Trustee State: MN
  • Trustee Zip: 55102
  • Trustee Phone: (651) 209-9760
  • Trustee Reference Number: 19-0577-FC03
  • Deed Category: NTS
  • Mortgage Balance: $82,631

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Public Records

  • Bedrooms: 2
  • Baths: 1
  • Full Baths: 1
  • Rooms: 4
  • No. of Stories: 1
  • Construction Type: WOOD
  • Exterior Wall Type: STUCCO
  • Heating Type: UNIT
  • Roof Material: ASPHALT
  • Roof Type: HIP
  • Land Area Sqft: 5,227
  • Year Built: 1925
  • APN: 14-028-24-22-0232
  • Property Type: Single Family Residence
  • Township: MINNEAPOLIS
  • Front Footage: 80
  • Depth Footage: 62
  • Living Sqft: 836
  • Garage: DETACHED
  • Subdivision: BELMONT PARK 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: 05-17-2021
  • Auction Time: 10:00 AM
  • Auction Address: Hennepin County Sheriff's Office - Civil Unit, Room 30, Minneapolis City Hall, 350 South 5th St
  • Auction City: Minneapolis

    Loan Information

  • 1st Mortgage Date: 03-14-2005
  • Mortgage Balance: $82,631

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Minneapolis, MN
Home Inspectors
Structure Tech Home Inspections
Wayne Rademacher
LEAF Building Services
Adam Anderson
WIN Home Inspection - SW Minneapolis/Mtka
John S. McGrath
Minnesota Home Inspectors LLC
Kenneth Rowe
Inspectall LLC
Timothy D Gerdes
Homes On This Street
View more homes on E 48th St

E 48th St
Minneapolis, MN 55417

2 Beds   1 Bath   836 sq. ft.   Single-Family


Status: Inactive Listing ID: 56242263

Property Information

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Public Records

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Property Description

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