3 Beds   3.5 Baths   1,928 Sq. Ft.

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Newbern Loop
Gainesville, VA 20155

Status: Inactive
Listing ID: 56490793

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Bankruptcy

Real estate is a valuable asset of which a court can take control to sell and obtain funds to pay off debts. Property owners who are experiencing financial issues are often motivated, willing to consider selling their homes at discounts to liquidate equity and avoid bankruptcy. And the payoff(s) for a savvy buyer and/or investor can be huge.

First Steps to Buying a Bankruptcy

In order to purchase a bankruptcy property, you will need to approach the court appointed receiver / trustee to pursue your deal.

Contact the bankruptcy trustee to find out if the property is for sale as part of the bankruptcy.  If so, request the terms for the sale of the property as well as any additional information regarding the condition of the property. This will help you understand the type of investment your are getting into.

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Listing History

Start Date End Date Listing Type Bank Name
03/06/08 05/22/08 Foreclosure
06/17/07 07/06/07 Foreclosure
05/16/07 05/30/07 Foreclosure

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Newbern Loop
Gainesville, VA 20155

3 Beds   3.5 Baths   1,928 sq. ft.

 

Status: Inactive Listing ID: 56490793

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Newbern-Loop-Gainesville-VA-20155/56490793_lid

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