$276,590 EMV

3 Beds 1,820 Sq. Ft.   Single-Family
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Lawrence Rd
Fairhope, AL 36532

Overview

This Single-Family Foreclosure is located at Lawrence Rd, Fairhope, AL 36532. It has 3 Beds, , 1,820 sqft of living space. This property is currently bank owned with an estimated market value of $276,590.
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Status: Active
Listing ID: 58235082

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Foreclosure Timeline

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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View Foreclosure Status
06/30/22
Bank owned
Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.
03/16/22
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
Rental Chart
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Property Information

Public Records

Foreclosure

Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Rental Value

The estimated rental value for Lawrence Rd located in Fairhope, AL is $1,500/month. Comparable homes around Lawrence Rd that are rentals have monthly ranges starting as low as $1,281 per month and as high as $1,720 per month. An owner looking to use this property as an investment could bring a return in the area of $1,281 - $1,720 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
04/01/22 06/15/22 Preforeclosure NATIONSTAR MORTGAGE LLC
03/16/22 06/15/22 Preforeclosure

Fairhope, AL
Home Inspectors
HomeSouth Inspections, Inc.
Matthew Gann
251-981-9412
David Dean Stutesman
251-689-7531
Griffith Home Analysis
Edward Griffith
251-349-6303
Sisk Property & Residential Services LLC
Timothy G Sisk
251-543-6683
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Homes On This Street
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foreclosure.com

Lawrence Rd
Fairhope, AL 36532

3 Beds 1,820 sq. ft.   Single-Family

$276,590 EMV

Status: Active Listing ID: 58235082

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=Lawrence-Rd-Fairhope-AL-36532/58235082_lid

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