1,152 Sq. Ft.

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Old Lee Hwy
Cherokee, AL 35616

Status: Inactive
Listing ID: 56534929

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Rental Chart

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Property Information

  • Living Area Size: 1,152
  • Source ID: 21253666
  • Days On Site: 92
  • Trustee Name: SHARON MARIE DAVIS
  • Trustee Phone: (704) 333-8107
  • Deed Category: NFS

Public Records

  • Exterior Wall Type: CONCRETE
  • Roof Material: ASPHALT SHINGLE
  • Roof Type: GABLE/HIP
  • Land Area Sqft: 309,276
  • APN: 15-01-02-0-002-019.001
  • Property Type: Single Family Residence
  • Front Footage: 701
  • Depth Footage: 515
  • Living Sqft: 1,152
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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: 10-06-2021
  • Auction Time: 11:00 AM
  • Auction Address: 201 NORTH MAIN STREET
  • Auction City: TUSCUMBIA

    Property Classification

  • Classification Id: Notice of Foreclosure Sale
  • Classification Desc: This notice announces the date, time and other details related to a proposed public foreclosure auction. Don't scour the local newspapers or waste time at the courthouse hunting down these sales when you can easily find the latest information.

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Listing History

Start Date End Date Listing Type Bank Name
11/24/20 03/10/21 Preforeclosure

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Old Lee Hwy
Cherokee, AL 35616

1,152 sq. ft.

 

Status: Inactive Listing ID: 56534929

Property Information

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Public Records

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Property Description

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Listing URL

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