$55,000

2 Beds   1 Bath   1,368 Sq. Ft.   Single-Family
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W Minnesota Ave
Chickasha, OK 73018

Potential Profit

$23,476

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Status: Active
Listing ID: 57728340

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Foreclosure Timeline

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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View Foreclosure Status
04/06/22
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $55,000. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.
10/18/21
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
Rental Chart
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Property Information

Potential Home Value

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Current Value
$55,000
Potential Value
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Public Records

VA Home

U.S. Department of Veterans Affairs (VA) is a federal agency that guarantees mortgages to homeowners who have served in the armed forces /military. Therefore, when banks foreclose on VA-guaranteed mortgages, the government agency acquires the properties and often offers them for sale at drastically-reduced prices to the public. Fast approval for veterans and lowest possible fixed-rate mortgages!

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Rental Value

The estimated rental value for W Minnesota Ave located in Chickasha, OK is $800/month. Comparable homes around W Minnesota Ave that are rentals have monthly ranges starting as low as $720 per month and as high as $881 per month. An owner looking to use this property as an investment could bring a return in the area of $720 - $881 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.

Listing History

Start Date End Date Listing Type Bank Name
11/17/21 01/10/22 Preforeclosure
10/18/21 01/10/22 Preforeclosure FREEDOM MORTGAGE CORPORATION
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W Minnesota Ave
Chickasha, OK 73018

2 Beds   1 Bath   1,368 sq. ft.   Single-Family

$55,000

Status: Active Listing ID: 57728340

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-Minnesota-Ave-Chickasha-OK-73018/57728340_lid

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