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Oakbrook Dr Apt 208
North Royalton, OH 44133

Overview

This Bankruptcy is located at Oakbrook Dr Apt 208, North Royalton, OH 44133. This property is Bankruptcy.
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Status: Active
Listing ID: 57864327

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Bankruptcy

Real estate is often a very valuable asset that a local court can take control of and sell through a bankruptcy procedure. This bankruptcy listing in North Royalton, OH is among more than 1 million records featured in our comprehensive nationwide real estate database. However, unlike most property records, not all homes / addresses associated with a bankruptcy filing are for sale. This is an important legal concept to understand before moving forward on Oakbrook Dr Apt 208 North Royalton, OH. We highly recommend that you first contact the court-appointed receiver / trustee listed below (scroll down) under "Bankruptcy Information" to learn whether or not the property is (or will soon be) for sale.

What is a bankruptcy estate?

A property owner who is experiencing difficult financial issues will sometimes file for bankruptcy as a last resort. This is a legal proceeding (usually called Chapter 7 bankruptcy), during which a court-appointed receiver / trustee will be assigned to determine all the assets of a distressed property owner. More often than not, a home or property is one of the most valuable assets that the court-appointed receiver / trustee will leverage to satisfy the distressed property owner’s outstanding debts. The contents of the home, as well as any other assets (e.g. cars, boats, etc.), are also often included in a bankruptcy estate. The court-appointed receiver / trustee is almost always motivated to sell a property included in a bankruptcy filing very fast -- there is no real attachment to it other than to obtain funds to pay off debts. And the savings for a savvy buyer and/or investor looking to buy bankruptcy houses for sale in North Royalton, OH can be tremendous.

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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North Royalton, OH
Home Inspectors
Royal Home Inspections LLC
Stefano Costa
440-346-4793
Safe Home Services
Michael MacKay
440-237-4797
Top Tier Home Inspections, LLC
Thomas Staab
216-409-8610
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Oakbrook Dr Apt 208
North Royalton, OH 44133

 

Status: Active Listing ID: 57864327

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Oakbrook-Dr-Apt-208-North-Royalton-OH-44133/57864327_lid

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