$103,207 EMV

3 Beds   1 Bath   1,200 Sq. Ft.
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Mcrae St
Atmore, AL 36502

Status: Inactive
Listing ID: 57763103

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,200
  • Total Square Feet: 1,200
  • Year Built: 1943
  • Day(s) On Site: 82
  • Sale Type: ForeclosureTrustee
  • Source Status: Marketing
  • Deed Category: NFS
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Potential Home Value

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Public Records

  • Bedrooms: 3
  • Baths: 2
  • Full Baths: 2
  • Rooms: 4
  • No. of Stories: 1
  • Air Conditioning: DUAL UNIT
  • Exterior Wall Type: WOOD
  • Foundation Type: PIER
  • Heating Type: FORCED AIR
  • Roof Material: ASPHALT SHINGLE
  • Roof Type: GABLE/HIP
  • Land Area Sqft: 15,000
  • Effective Year Built: 2004
  • Year Built: 1943
  • APN: 26-09-32-2-010-009.000
  • Property Type: Single Family Residence
  • Front Footage: 100
  • Depth Footage: 150
  • Living Sqft: 1,200
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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: 07-25-2022
  • Auction Location: 314 Belleville Avenue
  • Auction City: Brewton
  • Auction State: AL
  • Auction Zip: 36426

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Rental Value

The estimated rental value for Mcrae St located in Atmore, AL is $800/month. Comparable homes around Mcrae St that are rentals have monthly ranges starting as low as $680 per month and as high as $952 per month. An owner looking to use this property as an investment could bring a return in the area of $680 - $952 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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Mcrae St
Atmore, AL 36502

3 Beds   1 Bath   1,200 sq. ft.

$103,207 EMV

Status: Inactive Listing ID: 57763103

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=Mcrae-St-Atmore-AL-36502/57763103_lid

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