2 Beds   1 Bath   1,190 Sq. Ft.   Single-Family

7711 Mitchell Ranch Rd, New Port Richey, FL 34655

*Rental Value Coming Soon

Overview

This Single-Family is located at Mitchell Ranch Rd, New Port Richey, FL 34655. 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. It has 2 Beds, 1 Bath , 1,190 sqft of living space.
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Status: Inactive
Listing ID: 40433614
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Learn about 7711 Mitchell Ranch Rd in New Port Richey, FL

This single-family property is available as a bankruptcy at 7711 Mitchell Ranch Rd. It has 2 bedrooms, 1 bathrooms, and 1,190 square feet of living space. Based on our analysis of the current market conditions in New Port Richey for 7711 Mitchell Ranch Rd and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at 7711 Mitchell Ranch Rd are updated daily along with others in New Port Richey, Florida.


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Bankruptcy

Real estate is often a very valuable asset that a local court can take control of and sell through a bankruptcy procedure. This bankruptcy listing in New Port Richey, FL is among more than 1 million records featured in our comprehensive nationwide real estate database. However, unlike most property records, not all homes / addresses associated with a bankruptcy filing are for sale. This is an important legal concept to understand before moving forward on Mitchell Ranch Rd New Port Richey, FL. We highly recommend that you first contact the court-appointed receiver / trustee listed below (scroll down) under "Bankruptcy Information" to learn whether or not the property is (or will soon be) for sale.

What is a bankruptcy estate?

A property owner who is experiencing difficult financial issues will sometimes file for bankruptcy as a last resort. This is a legal proceeding (usually called Chapter 7 bankruptcy), during which a court-appointed receiver / trustee will be assigned to determine all the assets of a distressed property owner. More often than not, a home or property is one of the most valuable assets that the court-appointed receiver / trustee will leverage to satisfy the distressed property owner’s outstanding debts. The contents of the home, as well as any other assets (e.g. cars, boats, etc.), are also often included in a bankruptcy estate. The court-appointed receiver / trustee is almost always motivated to sell a property included in a bankruptcy filing very fast -- there is no real attachment to it other than to obtain funds to pay off debts. And the savings for a savvy buyer and/or investor looking to buy bankruptcy houses for sale in New Port Richey, FL can be tremendous.

First Steps to Buying a Bankruptcy

In order to purchase a bankruptcy property, you will need to approach the court appointed receiver / trustee to pursue your deal.

Contact the bankruptcy trustee to find out if the property is for sale as part of the bankruptcy.  If so, request the terms for the sale of the property as well as any additional information regarding the condition of the property. This will help you understand the type of investment your are getting into.

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Listing History

Start Date End Date Listing Type Bank Name
09/27/10 12/06/10 Preforeclosure THE BANK OF NEW YORL MELLON

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Mitchell Ranch Rd
New Port Richey, FL 34655

2 Beds   1 Bath   1,190 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 40433614

Property Information

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Listing URL

https://static.foreclosure.com/listing/address.html?address=7711-Mitchell-Ranch-Rd-New-Port-Richey-FL-34655

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