$139,453 EMV

3 Beds   2 Baths   1,087 Sq. Ft.   Single-Family
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Corsicana Ave
El Paso, TX 79924

Overview

This Single-Family Preforeclosure is located at Corsicana Ave, El Paso, TX 79924. It has 3 Beds, 2 Baths , 1,087 sqft of living space. This property is currently in auction with an estimated market value of $139,453.
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Status: Inactive
Listing ID: 58133349

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 1,087
  • Lot Size: 0.14 acres
  • Year Built: 1983
  • Source ID: 2910012
  • Day(s) On Site: 53
  • Subdivision: SARAH ANNE PARK 02
  • Parcel Number: S162-999-0140-4300
  • Property Type: Single Family Dwelling
  • Plaintiff: Origin Bank
  • Recording Date: 06-14-2022
  • Defendant Name: MIGUEL ANGEL GOMEZ AND BRIANA AIME CIRIZA
  • Trustee Name: AVT TITLE SERVICES LLC
  • Trustee Address: 5177 Richmond Ave
  • Trustee City: Houston
  • Trustee State: TX
  • Trustee Zip: 77056
  • Deed Category: NTS

Potential Home Value

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Public Records

  • Bedrooms: 3
  • Baths: 2
  • Full Baths: 2
  • No. of Stories: 1
  • Parking: ATTACHED GARAGE
  • Parking Sqft: 319
  • Air Conditioning: EVAPORATIVE
  • Exterior Wall Type: BRICK VENEER
  • Foundation Type: SLAB
  • Heating Fuel: GAS
  • Roof Material: COMPOSITION SHINGLE
  • Roof Type: GABLE
  • Land Area Sqft: 5,998
  • Year Built: 1983
  • APN: S162-999-0140-4300
  • Property Type: Single Family Residence
  • Township: EL PASO COUNTY
  • Living Sqft: 1,087
  • Garage: ATTACHED
  • Subdivision: SARAH ANNE PARK 02

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: 08-02-2022
  • Auction Time: 11:00 AM
  • Auction Address: 4100 E Paisano Drive
  • Auction City: El Paso

    Loan Information

  • 1st Mortgage Date: 02-29-2016

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Rental Value

The estimated rental value for Corsicana Ave located in El Paso, TX is $980/month. Comparable homes around Corsicana Ave that are rentals have monthly ranges starting as low as $830 per month and as high as $1,131 per month. An owner looking to use this property as an investment could bring a return in the area of $830 - $1,131 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
06/14/22 08/02/22 Preforeclosure ORIGIN BANK

El Paso, TX
Home Inspectors
Futrells Inspections
Ron Futrell
915-269-6116
Homes On This Street
View more homes on Corsicana Ave
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Corsicana Ave
El Paso, TX 79924

3 Beds   2 Baths   1,087 sq. ft.   Single-Family

$139,453 EMV

Status: Inactive Listing ID: 58133349

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=Corsicana-Ave-El-Paso-TX-79924/58133349_lid

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