5 Beds   3 Baths   4,274 Sq. Ft.   Single-Family
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Hearth Ln Sw
Concord, NC 28025

*Rental Value Coming Soon

Overview

This Single-Family is located at Hearth Ln Sw, Concord, NC 28025. 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 5 Beds, 3 Baths , 4,274 sqft of living space.
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Status: Inactive
Listing ID: 57242424
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Learn about Hearth Ln Sw in Concord, NC

This single-family property is available as a preforeclosure at Hearth Ln Sw. It has 5 bedrooms, 3 bathrooms, and 4,274 square feet of living space. Based on our analysis of the current market conditions in Concord for Hearth Ln Sw 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 Hearth Ln Sw are updated daily along with others in Concord, North Carolina.


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Property Information

  • Bedrooms: 5
  • Bathrooms: 3
  • Living Area Size: 4,274
  • Lot Size: 0.68 acres
  • Year Built: 2007
  • Source ID: 140144252
  • Day(s) On Site: 818
  • Subdivision: HEARTHWOOD PH 01 MAP 01
  • Parcel Number: 5528 44 9535
  • Property Type: Single Family Dwelling
  • Plaintiff: Specialized Loan Servicing LLC
  • Defendant Name: ARTHUR L KETCHAM JR AND STACEY MAYO-KETCHAM
  • Recording Date: 12-09-2021
  • Document Book: 08055
  • Document Page: 0001
  • Trustee Address: 201 S Mcpherson Church Rd
  • Trustee Name: SUBSTITUTE TRUSTEE SERVICES INC
  • Trustee City: Fayetteville
  • Trustee State: NC
  • Trustee Zip: 28303
  • Trustee Reference Number: 5091-19508
  • Deed Category: NOD
  • Document Number: 51752

Public Records

  • Bedrooms: 5
  • Baths: 3
  • Full Baths: 3
  • No. of Stories: 2 PLUS
  • Air Conditioning: CENTRAL
  • Fireplaces: PREFAB
  • Exterior Wall Type: ALUMINUM/VINYL
  • Foundation Type: CONTINUOUS FOOTING
  • Heating Type: FORCED AIR
  • Roof Material: SHINGLE
  • Roof Type: CATHEDRAL/CLERESTORY
  • Land Area Sqft: 29,621
  • Year Built: 2007
  • APN: 5528-44-9535-0000
  • Property Type: Single Family Residence
  • Front Footage: 135
  • Depth Footage: 234
  • Living Sqft: 4,274
  • Subdivision: HEARTHWOOD PH 01 MAP 01
  •  

Community & Neighborhood

This property in Concord, NC is located in the Hearthwood Ph 01 Map 01 Subdivision.


Preforeclosure

The property located at Hearth Ln Sw in Concord, NC is listed as a Preforeclosure

This listing located at Hearth Ln Sw in Concord, NC could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Concord, North Carolina is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Concord, NC, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Concord, North Carolina doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

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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Loan Information

  • 1st Mortgage Date: 02-08-2008

Legal Information

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County Information

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Hearth Ln Sw
Concord, NC 28025

5 Beds   3 Baths   4,274 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 57242424

Property Information

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Public Records

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Property Description

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Listing URL

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