$397,056 EMV

3 Beds   1 Bath   1,008 Sq. Ft.   Single-Family
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Meade St Ne
Washington, DC 20019

Status: Active
Listing ID: 57922706

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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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Rental Value

The estimated rental value for Meade St Ne located in Washington, DC is $1,860/month. Comparable homes around Meade St Ne that are rentals have monthly ranges starting as low as $1,490 per month and as high as $2,230 per month. An owner looking to use this property as an investment could bring a return in the area of $1,490 - $2,230 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.


Washington, DC
Home Inspectors
Integrity Home Inspection Services, Inc.
Daniel G. Blum
202-829-9099
Claxton Walker & Associates
Matthew Scharf
315-383-9720
District Home Inspection, LLC
Scott Robertson
202-577-4489
Premier Home Inspections
Warrick Cromer
202-538-5851
Homes On This Street
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Meade St Ne
Washington, DC 20019

3 Beds   1 Bath   1,008 sq. ft.   Single-Family

$397,056 EMV

Status: Active Listing ID: 57922706

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=Meade-St-Ne-Washington-DC-20019/57922706_lid

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