3 Baths   876 Sq. Ft.

1042 Highway 157, Lookout Mountain, GA 30750

Overview

This Preforeclosure is located at Highway 157, Lookout Mountain, GA 30750. It has 3 Baths , 876 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 48469304

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Property Information

  • Bathrooms: 3
  • Living Area Size: 876
  • Year Built: 1990
  • Source ID: 17698407
  • Day(s) On Site: 2247
  • Trustee Name: MCCALLA RAYMER LLC
  • Trustee Address: 1544 OLD ALABAMA ROAD
  • Trustee City: ROSWELL
  • Trustee State: GA
  • Trustee Zip: 30076
  • Trustee Phone: (770) 643-7200
  • Trustee Reference Number: 5768712
  • Deed Category: NTS
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Public Records

  • Baths: 3
  • Full Baths: 3
  • No. of Stories: 1
  • Basement Sqft: 876
  • Pool: VINYL
  • Exterior Wall Type: WOOD SIDING
  • Foundation Type: CONCRETE
  • Heating Type: CENTRAL
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 94,089
  • Year Built: 1990
  • APN: 0011-082
  • Property Type: Single Family Residence
  • Township: UNINC/NOFIRE
  • Living Sqft: 876
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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.

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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Auction Information

  • Auction Date: 07-05-2016
  • Auction Time: 10:00 AM
  • Auction Address: COURTHOUSE DOOR OF WALKER COUNTY
  • Auction City: LAFAYETTE

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Highway 157
Lookout Mountain, GA 30750

3 Baths   876 sq. ft.

 

Status: Inactive Listing ID: 48469304

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=1042-Highway-157-Lookout-Mountain-GA-30750

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