$150,000


2,881 Sq. Ft.   Multi-Family

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C 8 Cols Del Yunque
Rio Grande, PR 00745

Status: Inactive
Listing ID: 56298195

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Property Information

  • Price: $150,000
  • Living Area Size: 2,881
  • Garage Description: 3+ Cars
  • Lot Size: 4.53 acres
  • Year Built: 1990
  • Property Type: Multi Family Dwelling
  • MLS Number: 42269
  • Source Status: Under Contract

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. 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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    Property Classification

  • Classification Id: Under Contract
  • Classification Desc: When a seller accepts an offer from a buyer on a property for a mutually agreed upon price it is typically considered "Under Contract." Even though a property is "Under Contract," it is still not "sold" until the final closing. A property can still return to the market if the agreement falls through; therefore, check the listing as frequently as possible to determine its latest status.

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C 8 Cols Del Yunque
Rio Grande, PR 00745

2,881 sq. ft.   Multi-Family

$150,000

Status: Inactive Listing ID: 56298195

Property Information

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Property Description

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