Single-Family

Get Complete Address

Kentucky Ave,
Adrian, MN 56110

Status: Inactive
Listing ID: 54852558

Interested in this property?

View More Photos

Create a Free Account

Property Information

  • Living Area Size: 0
  • Lot Size: 0.00 acres
  • Source ID: 298024446
  • Days On Site: 78
  • Parcel Number: 21-0128-000
  • Property Type: Single Family Dwelling
  • Plaintiff: First State Bank Southwest
  • Defendant Name: Lorrell E. Hanson Jr
  • Recording Date: 01-15-2020
  • Trustee Name: USSET, WEINGARDEN AND LIEBO
  • Trustee Address: 4500 Park Glen Rd
  • Trustee City: Minneapolis
  • Trustee State: MN
  • Trustee Zip: 55416
  • Trustee Phone: (952) 925-6888
  • Deed Category: NTS
  • Mortgage Balance: $23,532
  •  

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: 03-19-2020
  • Auction Time: 10:00 AM
  • Auction Address: Sheriff's Office, Lobby, Law Enforcement Center, 2nd Floor
  • Auction City: Worthington

    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: 11-12-2009
  • Mortgage Balance: $23,532

    NEW Credit Information Center

  • Want to fix your credit before buying?: Learn how
  • Want to know your FICO score?: Click here
  • Are you the victim of identity theft?: Find out

Listing History

Start Date End Date Listing Type Bank Name
10/02/19 11/14/19 Preforeclosure First State Bank Southwest


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.

Read more...

foreclosure.com

Kentucky Ave
Adrian, MN 56110

Single-Family

 

Status: Inactive Listing ID: 54852558

Property Information

Sign in to see detailed property information.

Public Records

Sign in to see detailed property information.

Property Description

Sign in to see detailed property information.

Listing URL

https://www.foreclosure.com/listing/address.html?address=Kentucky-Ave-Adrian-MN-56110/54852558_lid

Privacy Policy   |   Terms and Conditions of Service   |   © Foreclosure.com / ForeclosureFreeSearch, Inc 1999-2020. All Rights Reserved.