1 Bed   1 Bath

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Lake Drive Kp S,
Lakebay, WA 98349

Status: Inactive
Listing ID: 56135704

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Property Information

  • Bedrooms: 1
  • Bathrooms: 1
  • Year Built: 1982
  • Days On Site: 47
  • Subdivision: PALMER LAKE
  • Plaintiff: FIDELITY NATIONAL TITLE
  • Defendant Name: MARCIA J OWENS
  • Recording Date: 11-04-2020
  • Deed Category: NFS
  • Mortgage Balance: $73,000

Public Records

  • Bedrooms: 1
  • Baths: 1
  • Full Baths: 1
  • Land Area Sqft: 10,460
  • Year Built: 1982
  • APN: 666100-188-0
  • Property Type: Single Family Residence
  • Township: PIERCE COUNTY
  • Mobile Home Indicator: Y
  • Subdivision: PALMER LAKE

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: 03-12-2021
  • Auction Time: 10:00 AM
  • Auction Location: OUTSIDE OF THE 2ND FLOOR ENTRY PLAZA ON THE WEST SIDE COUNTY CITY BUILDING 930 TACOMA AVE SOUTH IN THE CITY OF TACOMA

    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

  • 1st Mortgage Date: 04-24-2018
  • 1st Mortgage Amount: $73,000
  • Mortgage Balance: $73,000

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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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Lake Drive Kp S
Lakebay, WA 98349

1 Bed   1 Bath

 

Status: Inactive Listing ID: 56135704

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=Lake-Drive-Kp-S-Lakebay-WA-98349/56135704_lid

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