$346,655 EMV

3 Beds   1 Bath   1,868 Sq. Ft.
Get the Bankruptcy Address

W Sandy Ln
Port Clinton, OH 43452

Overview

This is located at W Sandy Ln, Port Clinton, OH 43452. 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. It has 3 Beds, 1 Bath , 1,868 sqft of living space.
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Status: Inactive
Listing ID: 57798707

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Bankruptcy

Real estate is often a very valuable asset that a local court can take control of and sell through a bankruptcy procedure. This bankruptcy listing in Port Clinton, OH 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 W Sandy Ln Port Clinton, OH. 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 Port Clinton, OH 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 W Sandy Ln located in Port Clinton, OH is $1,600/month. Comparable homes around W Sandy Ln that are rentals have monthly ranges starting as low as $1,408 per month and as high as $1,840 per month. An owner looking to use this property as an investment could bring a return in the area of $1,408 - $1,840 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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W Sandy Ln
Port Clinton, OH 43452

3 Beds   1 Bath   1,868 sq. ft.

$346,655 EMV

Status: Inactive Listing ID: 57798707

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-Sandy-Ln-Port-Clinton-OH-43452/57798707_lid

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