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Commerce St,
Shreveport, LA 71101

Status: Inactive
Listing ID: 55909117

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Property Information

  • Source ID: 21034201
  • Days On Site: 58
  • Plaintiff: BUSINESS FIRST BANK
  • Defendant Name: LC OF SHREVEPORT LLC
  • Case Number: 154704
  • Trustee Name: L DAVID CROMWELL
  • Trustee Address: 400 TEXAS ST STE 400
  • Trustee City: SHREVEPORT
  • Trustee State: LA
  • Trustee Zip: 71101
  • Trustee Phone: (318) 221-1800
  • Deed Category: NFS
  • Mortgage Balance: $1,902,705
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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.

Auction Information

  • Auction Date: 01-13-2021
  • Auction Time: 10:00 AM
  • Auction Address: 501 TEXAS STREET
  • Auction City: SHREVEPORT

    Property Classification

  • Classification Id: Notice of Foreclosure Sale
  • Classification Desc: This notice announces the date, time and other details related to a proposed public foreclosure auction. Don't scour the local newspapers or waste time at the courthouse hunting down these sales when you can easily find the latest information.

    Loan Information

  • Mortgage Balance: $1,902,705

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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.

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Commerce St
Shreveport, LA 71101

 

Status: Inactive Listing ID: 55909117

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Commerce-St-Shreveport-LA-71101/55909117_lid

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