$7,200

2 Beds   1 Bath   1,325 Sq. Ft.

2602 Scioto Trl, Portsmouth, OH 45662

Status: Inactive
Listing ID: 12756792

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Property Information

  • Price: $7,200
  • Bedrooms: 2
  • Bathrooms: 1
  • Living Area Size: 1,325
  • Number of Units: 1
  • Total Rooms: 5
  • Year Built: 1945
  • Property Description: Detached
  • Comments: Property condition report and LBP inspection report/addendum attached
  • Day(s) On Site: 4900
  • Appraised Date: 07-24-2008
  • Assessed Value: $24,000
  • Case Number: 413-367203
  • Deposit: $2,310
  • Input Date: 11-07-2008

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Current Value
$7,200
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HUD Home

Purchase this incredible HUD home with a low down payment! U.S. Department of Housing and Urban Development (HUD) is a federal agency that insures mortgages to homeowners through its Federal Housing Administration (FHA). Therefore, when banks foreclose on HUD-guaranteed mortgages, the government agency acquires the properties and often offers them for sale at super low prices to the public. HUD houses are among the very best deals in real estate today and, accordingly, don't last long on the market. Act fast!

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Auction Information

  • Auction Date: 11-11-2008

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Listing History

Start Date End Date Listing Type Bank Name
10/09/07 03/24/08 Foreclosure

Homes On This Street
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Scioto Trl
Portsmouth, OH 45662

2 Beds   1 Bath   1,325 sq. ft.

$7,200

Status: Inactive Listing ID: 12756792

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Listing URL

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