2 Beds   1 Bath   Single-Family

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E 17th St,
Covington, KY 41014

Status: Inactive
Listing ID: 55774254

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Property Information

  • Bedrooms: 2
  • Bathrooms: 1
  • Lot Size: 0.11 acres
  • Levels: 2
  • Heating Type: Forced Air
  • Source ID: 20993986
  • Days On Site: 51
  • Assessed Value: $35,000
  • Parcel Number: 055312700600
  • Property Type: Single Family Dwelling
  • Plaintiff: DB FUNDING SERVICES LLC
  • Case Number: 17-CI-01350
  • Judgment Date: 09-30-2020
  • Last Sale Amount: $18,000
  • Last Sale Date: 03-06-1997
  • Trustee Name: LINDA NOVAKOV
  • Trustee Address: 6900 HOUSTON RD STE 29
  • Trustee City: FLORENCE
  • Trustee State: KY
  • Trustee Zip: 41042
  • Trustee Phone: (859) 746-3700
  • Deed Category: NFS
  • Mortgage Balance: $5,477
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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: 11-04-2020
  • Auction Time: 10:00 AM
  • Auction Address: 230 MADISON AVENUE 8TH FLOOR
  • Auction City: COVINGTON
  • Auction Zip: 41011

    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: $5,477

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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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E 17th St
Covington, KY 41014

2 Beds   1 Bath   Single-Family

 

Status: Inactive Listing ID: 55774254

Property Information

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=E-17th-St-Covington-KY-41014/55774254_lid

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