$14,500

3 Beds   1 Bath   Single-Family

508 E 5th St, Cahokia, IL 62206

Status: Inactive
Listing ID: 52603693

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Property Information

  • Price: $14,500
  • Bedrooms: 3
  • Bathrooms: 1
  • Year Built: 1958
  • Property Description: Great investment opportunity! Don't miss this cute ranch home in the Village of Cahokia! Seller to do no Inspections, make any warranties, or provide any repairs. *Please be aware the seller will choose the place of settlement, closing offices, escrow or attorney. Special Sales contract only. See attachment for PAS requirements and WFHM offer submittal information in MLS document section. See attachment for PAS requirements and WFHM offer submittal information in MLS document section. Email all offers to reo@thebankersagent.com or fax all offers to 800-381-2575. To report any concerns with a listing broker/agent or to report any property condition or other concern needing escalation, including concerns related to a previously submitted offer or information on how to place an offer, please call: 1-877-617-5274.
  • Comments: Sale Pending
  • Source ID: REO484955
  • Day(s) On Site: 946
  • Property Type: Single Family Dwelling

Potential Home Value

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Current Value
$14,500
Potential Value
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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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Listing History

Start Date End Date Listing Type Bank Name
10/31/18 06/23/19 Preforeclosure WELLS FARGO BANK

Homes On This Street
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E 5th St
Cahokia, IL 62206

3 Beds   1 Bath   Single-Family

$14,500

Status: Inactive Listing ID: 52603693

Property Information

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Property Description

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Listing URL

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