$619,800 EMV

6 Beds   2 Baths   1,961 Sq. Ft.   Multi-Family
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Collins St
Salem, MA 01970

Status: Inactive
Listing ID: 57280570

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Property Information

  • Bedrooms: 6
  • Bathrooms: 2
  • Living Area Size: 1,961
  • Lot Size: 0.13 acres
  • Year Built: 1856
  • Source ID: 21690133
  • Day(s) On Site: 138
  • Parcel Number: SALE M:36 L:0400
  • Property Type: Multi Family Dwelling
  • Plaintiff: Bank Of America NA
  • Defendant Name: Linda A Pothier
  • Case Number: 21 SM 001733
  • Recording Date: 12-23-2021
  • Deed Category: LP

Potential Home Value

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Public Records

  • Bedrooms: 6
  • Baths: 2
  • Full Baths: 2
  • Rooms: 12
  • No. of Stories: 2
  • Basement Sqft: 1,270
  • Construction Type: FRAME
  • Exterior Wall Type: WOOD SIDING/SHINGLE
  • Heating Type: FORCED HOT WATER
  • Roof Material: ASPHALT SHINGLE
  • Roof Type: GABLE
  • Land Area Sqft: 5,720
  • Year Built: 1856
  • APN: SALE-000036-000000-000400
  • Property Type: Duplex, Triplex, Quadplex
  • Township: SALEM
  • Living Sqft: 1,961
  • Style: MULTI-FAMILY

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 City: Salem

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Listing History

Start Date End Date Listing Type Bank Name
01/28/22   Preforeclosure BANK OF AMERICA

Salem, MA
Home Inspectors
8 Points Home Inspection
J. David Riddle
844-487-6468
Homes On This Street
View more homes on Collins St
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Collins St
Salem, MA 01970

6 Beds   2 Baths   1,961 sq. ft.   Multi-Family

$619,800 EMV

Status: Inactive Listing ID: 57280570

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=Collins-St-Salem-MA-01970/57280570_lid

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