1 Bath   1,155 Sq. Ft.

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Rain Valley Rd
Lafollette, TN 37766

Status: Inactive
Listing ID: 56780449

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Property Information

  • Bathrooms: 1
  • Living Area Size: 1,155
  • Year Built: 1964
  • Source ID: 21297276
  • Day(s) On Site: 57
  • Parcel Number: 117D-A-117D-043.00
  • Subdivision: RAINBOW RESORT SEC 01 LT 42
  • Plaintiff: PEOPLES BANK
  • Defendant Name: TINA M PRISTAS
  • Recording Book: 568
  • Trustee Name: DAVID REYNOLDS
  • Trustee Address: 2112 N ROAN ST
  • Trustee City: JOHNSON CITY
  • Trustee State: TN
  • Trustee Zip: 37601
  • Trustee Phone: (423) 612-2084
  • Deed Category: NTS

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Public Records

  • Baths: 1
  • Full Baths: 1
  • No. of Stories: 1
  • Basement Sqft: 225
  • Air Conditioning: SPLIT SYSTEM
  • Exterior Wall Type: SIDING SHEATHING
  • Foundation Type: CONTINUOUS FOOTING
  • Heating Fuel: GAS
  • Roof Material: COMPOSITION SHINGLE
  • Roof Type: SHED
  • Land Area Sqft: 30,928
  • Year Built: 1964
  • APN: 117D-A-043.00
  • Property Type: Single Family Residence
  • Front Footage: 242
  • Depth Footage: 128
  • Living Sqft: 1,155
  • Sewer Type: PRIVATE
  • Water Type: PUBLIC
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  • Subdivision: RAINBOW RESORT SEC 01 LT 42

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: 10-29-2021
  • Auction Time: 11:00 AM
  • Auction Address: 570 MAIN ST # A21
  • Auction City: JACKSBORO

    Loan Information

  • 1st Mortgage Date: 10-05-2010

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Rain Valley Rd
Lafollette, TN 37766

1 Bath   1,155 sq. ft.

 

Status: Inactive Listing ID: 56780449

Property Information

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Public Records

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Property Description

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Listing URL

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