490 Lion Hope Rd, Clayton, DE 19938

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Overview

This is located at Lion Hope Rd, Clayton, DE 19938. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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Status: Inactive
Listing ID: 5613037

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Property Information

  • Day(s) On Site: 5757
  • Parcel Number: KH-00-043.00-01-91.14-000
  • Plaintiff: Deutsche Bank Trust Company
  • Defendant Name: Ronald & Shireen Patterson
  • Judgment Value: $131,000
  • Attorney Name: Thomas Barnett, E

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Foreclosure

Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

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: 02-08-2007
  • Auction Time: 10:00 AM
  • Auction Location: Kent County Administrative Complex, 555 Bay Road, Dover, DE in room 203, Levy Court Chambers

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Lion Hope Rd
Clayton, DE 19938

 

Status: Inactive Listing ID: 5613037

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