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Ditmars Blvd # 2
East Elmhurst, NY 11370

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This is located at Ditmars Blvd # 2, East Elmhurst, NY 11370. 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: 58947062
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Learn about Ditmars Blvd # 2 in East Elmhurst, NY

This property is available as a bankruptcy at Ditmars Blvd # 2. Based on our analysis of the current market conditions in East Elmhurst for Ditmars Blvd # 2 and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Ditmars Blvd # 2 are updated daily along with others in East Elmhurst, New York.

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The property located at Ditmars Blvd # 2 in East Elmhurst, NY is listed as a Bankruptcy

This bankruptcy listing at Ditmars Blvd # 2 in East Elmhurst, New York is among more than 1 million records featured in our comprehensive nationwide real estate database. However, unlike most property records, not all homes / addresses associated with a bankruptcy filing are for sale. This is an important legal concept to understand before moving forward on Ditmars Blvd # 2 East Elmhurst, NY. We highly recommend that you first contact the court-appointed receiver / trustee listed below (scroll down) under "Bankruptcy Information" to learn whether or not the property is (or will soon be) for sale.

What is a bankruptcy estate?

A property owner who is experiencing difficult financial issues will sometimes file for bankruptcy as a last resort. This is a legal proceeding (usually called Chapter 7 bankruptcy), during which a court-appointed receiver / trustee will be assigned to determine all the assets of a distressed property owner. More often than not, a home or property is one of the most valuable assets that the court-appointed receiver / trustee will leverage to satisfy the distressed property owner’s outstanding debts. The contents of the home, as well as any other assets (e.g. cars, boats, etc.), are also often included in a bankruptcy estate. The court-appointed receiver / trustee is almost always motivated to sell a property included in a bankruptcy filing very fast -- there is no real attachment to it other than to obtain funds to pay off debts. And the savings for a savvy buyer and/or investor looking to buy bankruptcy houses for sale in East Elmhurst, NY can be tremendous.

First Steps to Buying a Bankruptcy

In order to purchase a bankruptcy property, you will need to approach the court appointed receiver / trustee to pursue your deal.

Contact the bankruptcy trustee to find out if the property is for sale as part of the bankruptcy.  If so, request the terms for the sale of the property as well as any additional information regarding the condition of the property. This will help you understand the type of investment your are getting into.


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Ditmars Blvd # 2
East Elmhurst, NY 11370


Status: Inactive Listing ID: 58947062

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