2 Beds   1.2 Baths   752 Sq. Ft.   Single-Family

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5th Ave,
Two Harbors, MN 55616

Status: Inactive
Listing ID: 55653478

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Property Information

  • Bedrooms: 2
  • Bathrooms: 1.2
  • Living Area Size: 752
  • Lot Size: 0.00 acres
  • Year Built: 1895
  • Source ID: 297838185
  • Days On Site: 51
  • Parcel Number: 23-7661-29160
  • Property Type: Single Family Dwelling
  • Plaintiff: Marketplace Home Mortgage
  • Defendant Name: Joshua Mayer
  • Recording Date: 07-31-2020
  • Trustee Name: Wilford, Geske & Cook
  • Trustee Address: 7616 Currell Blvd
  • Trustee City: Woodbury
  • Trustee State: MN
  • Trustee Zip: 55125
  • Deed Category: NTS
  • Mortgage Balance: $87,334

Public Records

  • Bedrooms: 2
  • Fireplaces: YES
  • Construction Type: FRAME
  • Exterior Wall Type: VINYL
  • Heating Type: HOT WATER
  • Roof Material: ASPHALT
  • Roof Type: GABLE
  • Land Area Sqft: 7,000
  • Effective Year Built: 1940
  • Year Built: 1895
  • APN: 23-7642-29160
  • Property Type: Single Family Residence
  • Front Footage: 50
  • Depth Footage: 140
  • Living Sqft: 752
  • Basement Finish Type: FINISHED


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.

Auction Information

  • Auction Date: 09-17-2020
  • Auction Address: Lake County Sheriff Office, 613 3rd Ave
  • Auction City: Two Harbors

    Property Classification

  • Classification Id: Notice of Trustee Sale
  • Classification Desc: This announcement, which is made available to the public by law, describes the date, time and other details of a trustees sale. Finding out about these auctions first will give you more time to research potential bargains and help you get the jump on other investors.

    Loan Information

  • 1st Mortgage Date: 04-07-2017
  • Mortgage Balance: $87,334

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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.



5th Ave
Two Harbors, MN 55616

2 Beds   1.2 Baths   752 sq. ft.   Single-Family


Status: Inactive Listing ID: 55653478

Property Information

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Public Records

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Property Description

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