$142,395 EMV

1,478 Sq. Ft.
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N 6th Ave
Lanett, AL 36863

Overview

This Preforeclosure is located at N 6th Ave, Lanett, AL 36863. It has , 1,478 sqft of living space. This property is currently in auction with an estimated market value of $142,395.
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Status: Inactive
Listing ID: 58138568

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Property Information

  • Living Area Size: 1,478
  • Year Built: 1950
  • Source ID: 21569206
  • Day(s) On Site: 58
  • Trustee Name: TIFFANY AND BOSCO PA
  • Trustee City: BIRMINGHAM
  • Trustee Address: 2311 HIGHLAND AVENUE SOUTH SUITE 330
  • Trustee State: AL
  • Trustee Zip: 35205
  • Trustee Phone: (205) 930-5200
  • Trustee Reference Number: 22-04087
  • Deed Category: NTS
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Potential Home Value

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Public Records

  • Rooms: 6
  • No. of Stories: 1
  • Air Conditioning: YES
  • Fireplaces: 1 OPENING
  • Exterior Wall Type: BRICK/WOOD
  • Foundation Type: CONTINUOUS WALL
  • Roof Material: ASPHALT SHINGLE
  • Roof Type: GABLE/HIP
  • Land Area Sqft: 25,758
  • Year Built: 1950
  • APN: 10-07-25-2-011-046.000
  • Property Type: Office Building
  • Front Footage: 162
  • Depth Footage: 159
  • Living Sqft: 1,478
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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: 08-18-2022
  • Auction Time: 11:00 AM
  • Auction Address: 2 LAFAYETTE STREET
  • Auction City: LAFAYETTE

    Loan Information

  • 1st Mortgage Date: 05-14-2016

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Rental Value

The estimated rental value for N 6th Ave located in Lanett, AL is $952/month. Comparable homes around N 6th Ave that are rentals have monthly ranges starting as low as $780 per month and as high as $1,092 per month. An owner looking to use this property as an investment could bring a return in the area of $780 - $1,092 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
07/22/22 08/18/22 Preforeclosure
foreclosure.com

N 6th Ave
Lanett, AL 36863

1,478 sq. ft.

$142,395 EMV

Status: Inactive Listing ID: 58138568

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=N-6th-Ave-Lanett-AL-36863/58138568_lid

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