$141,780 EMV

4 Beds   2 Baths   2,042 Sq. Ft.   Multi-Family
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Fairview Ave
Reading, PA 19606


This Multi-Family Preforeclosure is located at Fairview Ave, Reading, PA 19606. It has 4 Beds, 2 Baths , 2,042 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $141,780.
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Status: Active
Listing ID: 58164063

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Bank Owned

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Property Information


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 Fairview Ave located in Reading, PA is $1,151/month. Comparable homes around Fairview Ave that are rentals have monthly ranges starting as low as $1,072 per month and as high as $1,261 per month. An owner looking to use this property as an investment could bring a return in the area of $1,072 - $1,261 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
09/30/18 01/08/19 Bankruptcy
05/29/13 08/02/13 Foreclosure
05/27/13 08/07/13 Foreclosure


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Homes On This Street
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Fairview Ave
Reading, PA 19606

4 Beds   2 Baths   2,042 sq. ft.   Multi-Family

$141,780 EMV

Status: Active Listing ID: 58164063

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