1,261 Sq. Ft.
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Shady Oaks Dr
Palestine, TX 75803

Overview

This Preforeclosure is located at Shady Oaks Dr, Palestine, TX 75803. It has , 1,261 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 58011396

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Property Information

  • Living Area Size: 1,261
  • Year Built: 1972
  • Source ID: 21537647
  • Day(s) On Site: 71
  • Subdivision: SHADY OAKS
  • Plaintiff: UNITED STATES OF AMERICA
  • Defendant Name: COLBERT R SHED
  • Recording Date: 04-28-2022
  • Recording Book: 1630
  • Trustee Name: PADGETT LAW GROUP
  • Trustee Address: 5501 LBJ FREEWAY SUITE 925
  • Trustee City: DALLAS
  • Trustee State: TX
  • Trustee Zip: 75240
  • Trustee Phone: (850) 422-2520
  • Trustee Reference Number: 20-005528-2
  • Deed Category: NTS
  • Document Number: 2022-22
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Potential Home Value

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Public Records

  • Parking: CARPORT
  • Air Conditioning: CENTRAL
  • Exterior Wall Type: BRICK VENEER
  • Land Area Sqft: 8,712
  • Year Built: 1972
  • APN: R35161
  • Property Type: Single Family Residence
  • Living Sqft: 1,261
  • Garage: CARPORT
  • Subdivision: SHADY OAKS

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: 06-07-2022
  • Auction Time: 10:00 AM
  • Auction Address: 500 N CHURCH ST # 43
  • Auction City: PALESTINE

    Loan Information

  • 1st Mortgage Date: 06-28-2000

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Listing History

Start Date End Date Listing Type Bank Name
05/03/22 06/07/22 Foreclosure
foreclosure.com

Shady Oaks Dr
Palestine, TX 75803

1,261 sq. ft.

 

Status: Inactive Listing ID: 58011396

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=58011396

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