$401,664 EMV

3 Beds   1.5 Baths   1,696 Sq. Ft.
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Gayles Rd
Urbanna, VA 23175

Overview

This Bankruptcy is located at Gayles Rd, Urbanna, VA 23175. It has 3 Beds, 1.5 Baths , 1,696 sqft of living space. This property is Bankruptcy with an estimated market value of $401,664.
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Status: Active
Listing ID: 58236688

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Property Information

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Bankruptcy

Real estate is often a very valuable asset that a local court can take control of and sell through a bankruptcy procedure. This bankruptcy listing in Urbanna, VA 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 Gayles Rd Urbanna, VA. 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 Urbanna, VA 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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Rental Value

The estimated rental value for Gayles Rd located in Urbanna, VA is $1,580/month. Comparable homes around Gayles Rd that are rentals have monthly ranges starting as low as $1,420 per month and as high as $1,740 per month. An owner looking to use this property as an investment could bring a return in the area of $1,420 - $1,740 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.


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Gayles Rd
Urbanna, VA 23175

3 Beds   1.5 Baths   1,696 sq. ft.

$401,664 EMV

Status: Active Listing ID: 58236688

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=Gayles-Rd-Urbanna-VA-23175/58236688_lid

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