3 Beds   1 Bath   1,496 Sq. Ft.
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Cortland Ave
Fort Wayne, IN 46808

Overview

This Preforeclosure is located at Cortland Ave, Fort Wayne, IN 46808. It has 3 Beds, 1 Bath , 1,496 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 56792724

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,496
  • Year Built: 1925
  • Source ID: 21302270
  • Day(s) On Site: 306
  • Subdivision: PFEIFFER PLACE ADD
  • Case Number: 02D01-1809-MF-557
  • Trustee Name: BRIAN BERGER
  • Trustee Address: 8050 CLEVELAND PLACE
  • Trustee City: MERRILLVILLE
  • Trustee State: IN
  • Trustee Zip: 46410
  • Trustee Phone: (219) 769-5579
  • Deed Category: NFS
  • Mortgage Balance: $80,544

Potential Home Value

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Public Records

  • Bedrooms: 3
  • Baths: 1
  • Full Baths: 1
  • Rooms: 7
  • No. of Stories: 1
  • Basement Sqft: 755
  • Parking: DETACHED GARAGE
  • Parking Sqft: 308
  • Construction Type: WOOD
  • Heating Type: WARM AIR
  • Roof Material: ASPHALT
  • Land Area Sqft: 5,360
  • Year Built: 1925
  • APN: 02-07-35-330-018.000-074
  • Property Type: Single Family Residence
  • Township: WAYNE TOWNSHIP
  • Front Footage: 40
  • Depth Footage: 134
  • Living Sqft: 1,496
  • Garage: DETACHED
  • Subdivision: PFEIFFER PLACE ADD
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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: 01-12-2022
  • Auction Time: 02:00 PM
  • Auction Address: 715 S. CALHOUN STREET ROOM 101
  • Auction City: FORT WAYNE

    Loan Information

  • Mortgage Balance: $80,544

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Cortland Ave
Fort Wayne, IN 46808

3 Beds   1 Bath   1,496 sq. ft.

 

Status: Inactive Listing ID: 56792724

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=56792724

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