$193,060 EMV

3 Beds
Get the Preforeclosure Address

Bay Springs Dr
Sumter, SC 29154

Overview

This Preforeclosure is located at Bay Springs Dr, Sumter, SC 29154. It has 3 Beds, This property is currently in pre-foreclosure with an estimated market value of $193,060
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Status: Active
Listing ID: 58096284

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Foreclosure Timeline

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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View Foreclosure Status
06/06/22
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Property Information

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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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Rental Value

The estimated rental value for Bay Springs Dr located in Sumter, SC is $1,131/month. Comparable homes around Bay Springs Dr that are rentals have monthly ranges starting as low as $1,102 per month and as high as $1,191 per month. An owner looking to use this property as an investment could bring a return in the area of $1,102 - $1,191 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
06/06/22   Preforeclosure Shellpoint Mortgage Servicing

Sumter, SC
Home Inspectors
Carolina Certified Inspection Service, LLC
Jacob D Troost
803-757-0162
Homes On This Street
View more homes on Bay Springs Dr
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Bay Springs Dr
Sumter, SC 29154

3 Beds

$193,060 EMV

Status: Active Listing ID: 58096284

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Bay-Springs-Dr-Sumter-SC-29154/58096284_lid

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