$61,370 EMV


3 Beds   2 Baths   1,684 Sq. Ft.

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E 5th St,
Peru, IN 46970

Status: Active
Listing ID: 54397842

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Foreclosure Timeline

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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11/05/19
Notice of Foreclosure Sale
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.
08/03/17
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

Property Information

Public Records

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

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Listing History

Start Date End Date Listing Type Bank Name
08/03/17 10/17/17 Preforeclosure FRANKLIN AMERICAN MORTGAGE


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 5th St
Peru, IN 46970

3 Beds   2 Baths   1,684 sq. ft.

$61,370 EMV

Status: Active Listing ID: 54397842

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=E-5th-St-Peru-IN-46970/54397842_lid

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