$51,850 EMV

1 Bed   1 Bath   773 Sq. Ft.   Condo
Get the Preforeclosure Address

E Broad St Apt 1201
Columbus, OH 43203

Overview

This Condo Preforeclosure is located at E Broad St Apt 1201, Columbus, OH 43203. It has 1 Bed, 1 Bath , 773 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $51,850
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Status: Active
Listing ID: 58096882

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Pre-Foreclosure

Auction

Bank Owned

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View Foreclosure Status
12/31/10
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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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 E Broad St Apt 1201 located in Columbus, OH is $11,365/month. Comparable homes around E Broad St Apt 1201 that are rentals have monthly ranges starting as low as $511 per month and as high as $630 per month. An owner looking to use this property as an investment could bring a return in the area of $511 - $630 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.


Columbus, OH
Home Inspectors
Central Ohio Home Inspection Professionals, LLC
John Myers
614-327-7582
Professional Property Inspection
David Tamny
614-459-5941
TruePro Home Inspections
Blaine N. Swan ACI RHI
614-506-0647
WIN Home Inspection NC/DE
Kenneth T Bowen
614-781-1070
SIMLER Inspections Inc.
John M. Simler
330-832-2872
Homes On This Street
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E Broad St Apt 1201
Columbus, OH 43203

1 Bed   1 Bath   773 sq. ft.   Condo

$51,850 EMV

Status: Active Listing ID: 58096882

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=E-Broad-St-Apt-1201-Columbus-OH-43203/58096882_lid

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