4 Beds   2 Baths   2,026 Sq. Ft.   Single-Family
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Colfax Ave S
Minneapolis, MN 55408

Status: Inactive
Listing ID: 56668920

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Property Information

  • Bedrooms: 4
  • Bathrooms: 2
  • Living Area Size: 2,026
  • Lot Size: 0.14 acres
  • Year Built: 1900
  • Source ID: 199986160
  • Day(s) On Site: 150
  • Subdivision: REMINGTONS 2ND ADD MPLS
  • Parcel Number: 04-028-24-11-0127
  • Property Type: Single Family Dwelling
  • Plaintiff: U.S. Bank
  • Defendant Name: Lisa Hannah Sandvig
  • Recording Date: 08-27-2021
  • Trustee Name: WILFORD, GESKE & COOK
  • Trustee Address: 7616 Currell Blvd
  • Trustee City: Woodbury
  • Trustee State: MN
  • Trustee Zip: 55125
  • Trustee Phone: (651) 209-3300
  • Trustee Reference Number: 043810F01
  • Deed Category: NTS
  • Mortgage Balance: $65,344

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Public Records

  • Bedrooms: 4
  • Baths: 1.5
  • Full Baths: 1
  • Half Baths: 1
  • Rooms: 8
  • No. of Stories: 2
  • Basement Sqft: 1,018
  • Parking: DETACHED GARAGE
  • Construction Type: WOOD
  • Heating Type: HOT WATER
  • Roof Material: ASPHALT
  • Roof Type: GABLE
  • Land Area Sqft: 6,098
  • Year Built: 1900
  • APN: 04-028-24-11-0127
  • Property Type: Single Family Residence
  • Township: MINNEAPOLIS
  • Front Footage: 45
  • Depth Footage: 128
  • Living Sqft: 2,026
  • Garage: DETACHED
  • Subdivision: REMINGTONS 2ND ADD MPLS

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: 10-25-2021
  • Auction Time: 10:00 AM
  • Auction Address: Hennepin County Sheriff's Office, Civil Division, Room 30, 350 South 5th Street
  • Auction City: Minneapolis

    Loan Information

  • 1st Mortgage Date: 04-26-2004
  • Mortgage Balance: $65,344

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Listing History

Start Date End Date Listing Type Bank Name
08/30/21 10/25/21 Preforeclosure US BANK
03/11/19 04/25/19 Preforeclosure WINGS FINANCIAL CREDIT UNION

Minneapolis, MN
Home Inspectors
Inspectall LLC
Timothy D Gerdes
6128242236
Homeview Inspections
Jim Carlson
612-377-5161
InspectuCasa IC Inspections LLC
Luis Alcaraz
612-743-8228
Structure Tech Home Inspections
Scott Mahley
952-915-6466
Structure Tech Home Inspections
Wayne Rademacher
952-915-6466
Homes On This Street
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Colfax Ave S
Minneapolis, MN 55408

4 Beds   2 Baths   2,026 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 56668920

Property Information

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Public Records

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Property Description

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Listing URL

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