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W 26th Ave Unit D1
Anchorage, AK 99503

Status: Inactive
Listing ID: 56301777

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Property Information

  • Source ID: 21160025
  • Day(s) On Site: 279
  • Defendant Name: MAVIS J SMITH
  • Trustee Name: SAYER LAW GROUP PC
  • Trustee Address: 925 E 4TH ST
  • Trustee City: WATERLOO
  • Trustee State: IA
  • Trustee Zip: 50703
  • Trustee Phone: (319) 234-2530
  • Deed Category: NTS
  • Mortgage Balance: $161,035
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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: 07-02-2021
  • Auction Time: 10:00 AM
  • Auction Address: 303 K STREET
  • Auction City: ANCHORAGE
  • Auction Zip: 99501

    Loan Information

  • 1st Mortgage Date: 07-22-2016
  • Mortgage Balance: $161,035

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Listing History

Start Date End Date Listing Type Bank Name
10/15/21 10/31/21 Foreclosure
06/03/21 07/03/21 Preforeclosure
04/18/21 07/02/21 Preforeclosure

Anchorage, AK
Home Inspectors
Accurate Inspection Services
Jonathan C. Schultz
907-243-0352
Quality Home Inspection Service
Kevin Jones
907-333-1719
HomeTeam Inspection Service
Rex Lewis
907-694-8326
Signature Inspection Service, Inc
Larry M. McBain
907-223-3725
Discovery Home Inspection
David Mortensen
19072434476
Homes On This Street
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W 26th Ave Unit D1
Anchorage, AK 99503

 

Status: Inactive Listing ID: 56301777

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Listing URL

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