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Mockingbird Cir,
Farmington, NM 87401

Status: Inactive
Listing ID: 55570727

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Property Information

  • Source ID: 20924601
  • Days On Site: 51
  • Plaintiff: SUN WEST MORTGAGE COMPANY INC
  • Defendant Name: JASPER BILLIE
  • Case Number: D-1116-CV-2019-01019
  • Judgment Date: 06-23-2020
  • Trustee Name: PRO LEGAL SERVICES LLC
  • Trustee Address: 201 EUBANK NE SUITE A3
  • Trustee City: ALBUQUERQUE
  • Trustee State: NM
  • Trustee Zip: 87123
  • Trustee Phone: (505) 715-3711
  • Deed Category: NTS
  • Mortgage Balance: $193,421
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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: 09-17-2020
  • Auction Time: 02:00 PM
  • Auction Address: 103 SOUTH OLIVER DRIVE
  • Auction City: AZTEC

    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

  • Mortgage Balance: $193,421

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Listing History

Start Date End Date Listing Type Bank Name
06/28/19 12/25/19 Preforeclosure SUN WEST MORTGAGE COMPANY INC
03/30/17 07/11/17 Bankruptcy


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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Mockingbird Cir
Farmington, NM 87401

 

Status: Inactive Listing ID: 55570727

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Mockingbird-Cir-Farmington-NM-87401/55570727_lid

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