$171,000 EMV

2 Beds   1 Bath   950 Sq. Ft.   Condo
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Redcoat Dr Apt 1d
Alexandria, VA 22303

Status: Active
Listing ID: 57059361

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Not in Foreclosure



Bank Owned

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Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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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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Listing History

Start Date End Date Listing Type Bank Name
12/02/21   Preforeclosure

Alexandria, VA
Home Inspectors
A Safe Home Inspection, LLC
Shane McClung
J&C Home Inspections LLC dba Housemaster
James L Fleming
Advocates Home Inspection
Doug McCullough
Russell Layton Associates
Rusty Layton
Homes On This Street
View more homes on Redcoat Dr Apt 1d

Redcoat Dr Apt 1d
Alexandria, VA 22303

2 Beds   1 Bath   950 sq. ft.   Condo

$171,000 EMV

Status: Active Listing ID: 57059361

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Property Description

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