2 Beds   1 Bath
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E Schumacher St
Burton, MI 48529

*Rental Value Coming Soon

Overview

This is located at E Schumacher St, Burton, MI 48529. 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. It has 2 Beds, 1 Bath.
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Status: Inactive
Listing ID: 58312199
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Learn about E Schumacher St in Burton, MI

This property is available as a preforeclosure at E Schumacher St. Based on our analysis of the current market conditions in Burton for E Schumacher St 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 E Schumacher St are updated daily along with others in Burton, Michigan.


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Property Information

  • Bedrooms: 2
  • Bathrooms: 1
  • Total Square Feet: 716
  • Year Built: 1951
  • Day(s) On Site: 323
  • Sale Type: ForeclosureTrustee
  • Subdivision: ALLEN ACRES
  • Source Status: Marketing
  • Deed Category: NFS
  •  

Public Records

  • Land Area Sqft: 41,382
  • APN: 59-31-501-065
  • Property Type: Single Family Residence
  • Township: BURTON
  • Subdivision: ALLEN ACRES
  •  

Preforeclosure

The property located at E Schumacher St in Burton, MI is listed as a Preforeclosure

The process of preforelcosure with properties like E Schumacher St in Burton, Michigan begin 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: 03-22-2023

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E Schumacher St
Burton, MI 48529

2 Beds   1 Bath

 

Status: Inactive Listing ID: 58312199

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=E-Schumacher-St-Burton-MI-48529/58312199_lid

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