3 Beds   2 Baths   920 Sq. Ft.
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8th Ave Sw
Faribault, MN 55021

*Rental Value Coming Soon

Overview

This is located at 8th Ave Sw, Faribault, MN 55021. 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. It has 3 Beds, 2 Baths , 920 sqft of living space.
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Status: Inactive
Listing ID: 56589826

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 920
  • Year Built: 1950
  • Source ID: 21241534
  • Day(s) On Site: 422
  • Subdivision: SOUTHERN HEIGHTS ADD 01
  • Parcel Number: 18.06.2.51.125
  • Plaintiff: GENISYS CREDIT UNION
  • Defendant Name: JORDAN DANIELS
  • Trustee Name: LOGS LEGAL GROUP LLP
  • Trustee City: BURNSVILLE
  • Trustee Address: 12550 WEST FRONTAGE ROAD SUITE 200
  • Trustee State: MN
  • Trustee Zip: 55337
  • Trustee Phone: (952) 831-4060
  • Deed Category: NFS

Public Records

  • Bedrooms: 3
  • Baths: 2
  • Full Baths: 2
  • Rooms: 6
  • No. of Stories: 1
  • Parking: DETACHED FRAME GARAGE
  • Parking Sqft: 336
  • Air Conditioning: YES
  • Exterior Wall Type: STEEL
  • Foundation Type: STEEL
  • Roof Material: ASPHALT
  • Land Area Sqft: 8,960
  • Year Built: 1950
  • APN: 18.06.2.51.125
  • Property Type: Single Family Residence
  • Township: FARIBAULT
  • Front Footage: 64
  • Depth Footage: 140
  • Living Sqft: 920
  • Basement Finish Type: FINISHED
  • Garage: DETACHED FRAME
  • Subdivision: SOUTHERN HEIGHTS ADD 01

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: 09-28-2021
  • Auction Time: 10:00 AM
  • Auction Address: 118 NW 3RD ST
  • Auction City: FARIBAULT
  • Auction Zip: 55021

    Loan Information

  • 1st Mortgage Date: 01-23-2020

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Listing History

Start Date End Date Listing Type Bank Name
09/28/21 04/18/22 Foreclosure
08/07/21 09/28/21 Preforeclosure Genisys Credit Union

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8th Ave Sw
Faribault, MN 55021

3 Beds   2 Baths   920 sq. ft.

 

Status: Inactive Listing ID: 56589826

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/index.html?&listingid=56589826

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