This Land Foreclosure is located at W Richmond Rd, East Syracuse, NY 13057. This property is currently bank owned.
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This land property is available as a foreclosure at W Richmond Rd. Based on our analysis of the current market conditions in East Syracuse for W Richmond Rd and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at W Richmond Rd are updated daily along with others in East Syracuse, New York. Since this property is a foreclosure, check out our Foreclosure Timeline for W Richmond Rd below to see helpful information about this listing.
Not in Foreclosure
The property located at W Richmond Rd in East Syracuse, NY is listed as a ForeclosureProperties like W Richmond Rd in East Syracuse, New York listed as foreclosures have passed the point of auction or public sale. 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 through a local real estate agent or auction house in East Syracuse, NY. The longer lenders own properties like this on W Richmond Rd, the more eager they become to sell, often at reduced prices.
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:
Steps as you search for your foreclosure property:
Foreclosed properties can represent excellent opportunities to acquire real estate at bargain prices. But in order to take full advantage of these opportunities you must have all your information and take an organized approach to finding and acquiring foreclosed properties. Find the location and property that interests you, work with the Realtor and closing agent to learn all you can about the property, and make your offer based upon good information and research.
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