5 Beds   2 Baths   1,794 Sq. Ft.
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Grovehaven Dr
Memphis, TN 38116

Overview

This Preforeclosure is located at Grovehaven Dr, Memphis, TN 38116. It has 5 Beds, 2 Baths , 1,794 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 58124543

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Property Information

  • Bedrooms: 5
  • Bathrooms: 2
  • Living Area Size: 1,794
  • Year Built: 1964
  • Day(s) On Site: 49
  • Subdivision: GARDENVIEW
  • Defendant Name: Calvin Todd
  • Attorney Law Firm: Rubin Lubin TN, PLLC
  • Attorney Name: Rubin Lubin TN, PLLC
  • Trustee Name: I. Dyke Tatum
  • Trustee Number: KY5890
  • Deed Category: NFS

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Public Records

  • Bedrooms: 5
  • Baths: 2
  • Full Baths: 2
  • Rooms: 9
  • No. of Stories: 1
  • Parking: FRAME GARAGE
  • Parking Sqft: 475
  • Fireplaces: YES
  • Exterior Wall Type: BRICK VENEER
  • Heating Fuel: GAS
  • Heating Type: CENTRAL
  • Roof Material: COMPOSITION SHINGLE
  • Roof Type: GABLE
  • Land Area Sqft: 11,600
  • Year Built: 1964
  • APN: 079-027--008
  • Property Type: Single Family Residence
  • Township: MEMPHIS
  • Front Footage: 80
  • Depth Footage: 145
  • Living Sqft: 1,794
  • Garage: FRAME
  • Style: OLD
  • Subdivision: GARDENVIEW

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: 07-21-2022
  • Auction Time: 12:00 Noon
  • Auction Location: The Southwest door on the Adams Avenue entrance of the Shelby County Courthouse, 140 Adams Avenue, Memphis, Tennessee

    Loan Information

  • 1st Mortgage Date: 03-26-2001

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Grovehaven Dr
Memphis, TN 38116

5 Beds   2 Baths   1,794 sq. ft.

 

Status: Inactive Listing ID: 58124543

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=Grovehaven-Dr-Memphis-TN-38116/58124543_lid

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