$140,335 EMV

4 Beds   2 Baths   2,650 Sq. Ft.   Single-Family
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Miller Ct
Elyria, OH 44035

Overview

This Single-Family Preforeclosure is located at Miller Ct, Elyria, OH 44035. It has 4 Beds, 2 Baths , 2,650 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $140,335
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Status: Active
Listing ID: 58156246

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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 Miller Ct located in Elyria, OH is $950/month. Comparable homes around Miller Ct that are rentals have monthly ranges starting as low as $760 per month and as high as $1,141 per month. An owner looking to use this property as an investment could bring a return in the area of $760 - $1,141 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.


Elyria, OH
Home Inspectors
WIN Home Inspection
Dean Rankin
440-822-8285
Homes On This Street
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Miller Ct
Elyria, OH 44035

4 Beds   2 Baths   2,650 sq. ft.   Single-Family

$140,335 EMV

Status: Active Listing ID: 58156246

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=Miller-Ct-Elyria-OH-44035/58156246_lid

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