$115,940 EMV

4 Beds   2.5 Baths
Get the Preforeclosure Address

W 6th St
Wilmington, DE 19805

Overview

This Preforeclosure is located at W 6th St, Wilmington, DE 19805. It has 4 Beds, 2.5 Baths. This property is currently in auction with an estimated market value of $115,940.
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Status: Inactive
Listing ID: 58152623

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Property Information

  • Bedrooms: 4
  • Bathrooms: 2.5
  • Year Built: 1920
  • Source ID: 22-003804
  • Day(s) On Site: 48
  • Subdivision: WILMINGTON
  • Plaintiff: BANK OF AMERICA NA
  • Defendant Name: TAUNYA MITCHELL
  • Case Number: N17L-08-094 JAP
  • Attorney Phone: (302) 409-3520
  • Attorney Law Firm: MCCABE WEISBERG & CONWAY LLC
  • Deed Category: NFS
  •  

Potential Home Value

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Public Records

  • Bedrooms: 4
  • Baths: 2.5
  • Full Baths: 2
  • Half Baths: 1
  • Rooms: 7
  • No. of Stories: 3
  • Air Conditioning: YES
  • Exterior Wall Type: BRICK
  • Foundation Type: TYPE UNKNOWN
  • Frame Type: WOOD
  • Heating Type: HOT AIR
  • Roof Type: FLAT
  • Land Area Sqft: 2,613
  • Year Built: 1920
  • APN: 26-027.30-251
  • Property Type: Duplex, Triplex, Quadplex
  • Township: WILMINGTON CITY
  • Front Footage: 19
  • Depth Footage: 128
  • Style: ROW HOUSE
  • Subdivision: WILMINGTON
  •  

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: 08-09-2022
  • Auction Time: 10:00 AM
  • Auction Location: Council Chambers, Louis L. Redding County Building, 800 N. French St,. First Floor. Wilmington, DE 19801

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Rental Value

The estimated rental value for W 6th St located in Wilmington, DE is $1,220/month. Comparable homes around W 6th St that are rentals have monthly ranges starting as low as $1,072 per month and as high as $1,400 per month. An owner looking to use this property as an investment could bring a return in the area of $1,072 - $1,400 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.


Wilmington, DE
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302-993-9100
Gregory Burns
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HomePro Systems of Delaware Valley, Inc.
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610-328-5525
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John Kerrigan
302-993-9100
Parke Home Inspection, Inc.
Philip E Parke Sr.
302-999-7275
Homes On This Street
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W 6th St
Wilmington, DE 19805

4 Beds   2.5 Baths

$115,940 EMV

Status: Inactive Listing ID: 58152623

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=W-6th-St-Wilmington-DE-19805/58152623_lid

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