$205,015 EMV

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Sourgum Ln
Lafayette, IN 47905

Overview

This is located at Sourgum Ln, Lafayette, IN 47905. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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Status: Inactive
Listing ID: 58923921
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Learn about Sourgum Ln in Lafayette, IN

This property is available as a bankruptcy at Sourgum Ln. Based on our analysis of the current market conditions in Lafayette for Sourgum Ln and comparable listings, the estimated market value is $205,015. If purchased for rental purposes, the monthly rental rate could range between $1,110 and $1,390. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Sourgum Ln are updated daily along with others in Lafayette, Indiana.


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Property Information

Bankruptcy

The property located at Sourgum Ln in Lafayette, IN is listed as a Bankruptcy

This bankruptcy listing at Sourgum Ln in Lafayette, Indiana 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 Sourgum Ln Lafayette, IN. 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 Lafayette, IN 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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Rental Value

The estimated rental value for Sourgum Ln located in Lafayette, IN is $1,211/month. Comparable homes around Sourgum Ln that are rentals have monthly ranges starting as low as $1,110 per month and as high as $1,390 per month. An owner looking to use this property as an investment could bring a return in the area of $1,110 - $1,390 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

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Sourgum Ln
Lafayette, IN 47905

$205,015 EMV

Status: Inactive Listing ID: 58923921

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Sourgum-Ln-Lafayette-IN-47905/58923921_lid

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