$33,385 EMV

Get the Preforeclosure Address

Arkansas St
Gould, AR 71643

Overview

This is located at Arkansas St, Gould, AR 71643. 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: 58593440

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Rental Chart
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Property Information

  • Source ID: 21675028
  • Day(s) On Site: 80
  • Plaintiff: REVERSE MORTGAGE SOLUTIONS INC
  • Defendant Name: DOROTHY MURRY
  • Recording Date: 09-08-2022
  • Recording Book: 181
  • Trustee City: LITTLE ROCK
  • Trustee Name: MACKIE WOLF ZIENTZ AND MANN PC
  • Trustee Address: 124 W. CAPITOL AVENUE SUITE 1560
  • Trustee State: AR
  • Trustee Zip: 72201
  • Trustee Phone: (501) 218-8111
  • Trustee Reference Number: 22-000089-126-1
  • Deed Category: NFS
  • Document Number: 2022R-00004680

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: 11-30-2022
  • Auction Time: 11:00 AM
  • Auction Address: 300 SOUTH DREW STREET
  • Auction City: STAR CITY

    Loan Information

  • 1st Mortgage Date: 01-28-2009

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Rental Value

The estimated rental value for Arkansas St located in Gould, AR is $670/month. Comparable homes around Arkansas St that are rentals have monthly ranges starting as low as $11,365 per month and as high as $770 per month. An owner looking to use this property as an investment could bring a return in the area of $11,365 - $770 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
09/07/22 11/30/22 Preforeclosure Reverse Mortgage LLC

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Homes On This Street
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Arkansas St
Gould, AR 71643

$33,385 EMV

Status: Inactive Listing ID: 58593440

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Arkansas-St-Gould-AR-71643/58593440_lid

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