2 Beds   2 Baths   1,100 Sq. Ft.   Condo
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Cedar Forest Trl
Asheville, NC 28803

Status: Inactive
Listing ID: 56638044

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Property Information

  • Bedrooms: 2
  • Bathrooms: 2
  • Living Area Size: 1,100
  • Lot Size: 0.00 acres
  • Year Built: 1980
  • Source ID: 38385120
  • Day(s) On Site: 156
  • Subdivision: CEDAR FOREST CONDO
  • Parcel Number: 9645-71-4968-C0139
  • Property Type: Condo
  • Plaintiff: Wells Fargo Bank, NA
  • Defendant Name: PEGGY SPEIGHT
  • Recording Date: 08-09-2021
  • Recording Book: 6104
  • Document Book: 4029
  • Document Page: 438
  • Trustee Name: TRUSTEE SERVICES OF CAROLINA, LLC C/O BROCK AND SCOTT, PLLC
  • Trustee Address: 5431 Oleander Dr
  • Trustee City: Wilmington
  • Trustee State: NC
  • Trustee Zip: 28403
  • Deed Category: NOD
  • Document Number: 6104/1391

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Public Records

  • Bedrooms: 2
  • Baths: 2
  • Full Baths: 2
  • Rooms: 4
  • No. of Stories: 1
  • Air Conditioning: SPLIT SYSTEM
  • Fireplaces: YES
  • Exterior Wall Type: FRAME
  • Foundation Type: STANDARD
  • Frame Type: WOOD JOIST
  • Heating Fuel: GAS
  • Heating Type: HEAT PUMP
  • Roof Material: COMPOSITION SHINGLE
  • Roof Type: GABLE
  • Land Area Sqft: 688
  • Year Built: 1980
  • APN: 9645-72-3185-00000
  • Property Type: Condominium
  • Township: ASHEVILLE 07
  • Living Sqft: 1,100
  • Style: CONDOMINIUM
  • Sewer Type: PUBLIC
  • Water Type: PUBLIC
  • Subdivision: CEDAR FOREST CONDO

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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    Loan Information

  • 1st Mortgage Date: 05-26-2005

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Homes On This Street
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Cedar Forest Trl
Asheville, NC 28803

2 Beds   2 Baths   1,100 sq. ft.   Condo

 

Status: Inactive Listing ID: 56638044

Property Information

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Public Records

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Property Description

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Listing URL

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