$181,114 EMV

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Lexington Dr
Denham Springs, LA 70706

Overview

This is located at Lexington Dr, Denham Springs, LA 70706. 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.
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Status: Inactive
Listing ID: 61184951
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Learn about Lexington Dr in Denham Springs, LA

This property is available as a preforeclosure at Lexington Dr. Based on our analysis of the current market conditions in Denham Springs for Lexington Dr and comparable listings, the estimated market value is $181,114. If purchased for rental purposes, the monthly rental rate could range between $1,082 and $1,291. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Lexington Dr are updated daily along with others in Denham Springs, Louisiana.


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Property Information

  • Source ID: 22255147
  • Day(s) On Site: 95
  • Subdivision: CRESTWOOD
  • Defendant Name: DANIEL BRIAN LUBBEN
  • Plaintiff: FREEDOM MORTGAGE CORPORATION
  • Case Number: 1-180434
  • Trustee Name: Dean Morris LLC
  • Trustee Address: 1505 N 19th St
  • Trustee City: MONROE
  • Trustee State: LA
  • Trustee Zip: 71201
  • Trustee Phone: (318) 388-1440
  • Deed Category: NFS
  • Mortgage Balance: $152,863
  •  

Public Records

  • APN: 001-0419622
  • Property Type: Single Family Residence
  • Subdivision: CRESTWOOD
  •  

Community & Neighborhood

This property in Denham Springs, LA is located in the Crestwood Subdivision.


Preforeclosure

The property located at Lexington Dr in Denham Springs, LA is listed as a Preforeclosure

This listing located at Lexington Dr in Denham Springs, LA 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 Denham Springs, Louisiana is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Denham Springs, LA, 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 Denham Springs, Louisiana 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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Auction Information

  • Auction Date: 02-14-2024
  • Auction Time: 10:00 AM
  • Auction Address: 20300 Government Boulevard
  • Auction City: LIVINGSTON
  • Auction Zip: 70754

Loan Information

  • Mortgage Balance: $152,863

Legal Information

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County Information

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Rental Value

The estimated rental value for Lexington Dr located in Denham Springs, LA is $1,171/month. Comparable homes around Lexington Dr that are rentals have monthly ranges starting as low as $1,082 per month and as high as $1,291 per month. An owner looking to use this property as an investment could bring a return in the area of $1,082 - $1,291 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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Lexington Dr
Denham Springs, LA 70706

$181,114 EMV

Status: Inactive Listing ID: 61184951

Property Information

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Public Records

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Property Description

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Listing URL

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