1 Bath   960 Sq. Ft.

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Forest Cir
Sparta, TN 38583

Status: Inactive
Listing ID: 56740165

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Property Information

  • Bathrooms: 1
  • Living Area Size: 960
  • Year Built: 1971
  • Source ID: 21283439
  • Day(s) On Site: 71
  • Subdivision: LAKE FOREST 01
  • Trustee Name: J PHILLIP JONES
  • Trustee Address: 1800 HAYES ST
  • Trustee City: NASHVILLE
  • Trustee State: TN
  • Trustee Zip: 37203
  • Trustee Phone: (615) 254-4430
  • Trustee Reference Number: F21-0644
  • Deed Category: NTS

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Public Records

  • Baths: 1
  • Full Baths: 1
  • No. of Stories: 1
  • Exterior Wall Type: BRICK
  • Parking: UNFINISHED DETACHED GARAGE
  • Foundation Type: CONTINUOUS FOOTING
  • Heating Type: RADIANT
  • Roof Material: COMPOSITION SHINGLE
  • Roof Type: GABLE
  • Land Area Sqft: 17,860
  • Year Built: 1971
  • APN: 067L-B-004.03
  • Property Type: Single Family Residence
  • Front Footage: 100
  • Depth Footage: 180
  • Living Sqft: 960
  • Garage: UNFINISHED DETACHED
  • Sewer Type: PRIVATE
  • Water Type: PUBLIC
  • Subdivision: LAKE FOREST 01
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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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Auction Information

  • Auction Date: 11-16-2021
  • Auction Time: 03:00 PM
  • Auction Address: 1 W BOCKMAN WAY
  • Auction City: SPARTA
  • Auction Zip: 38583

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Listing History

Start Date End Date Listing Type Bank Name
09/23/21 11/16/21 Preforeclosure
06/16/20 09/29/20 Bankruptcy

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Forest Cir
Sparta, TN 38583

1 Bath   960 sq. ft.

 

Status: Inactive Listing ID: 56740165

Property Information

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Public Records

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Property Description

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Listing URL

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