$40,000

3 Beds   1.1 Baths   900 Sq. Ft.
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Fayette Ave
Richmond, VA 23222

Status: Inactive
Listing ID: 34371124

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Property Information

  • Price: $40,000
  • Bedrooms: 3
  • Bathrooms: 1.1
  • Living Area Size: 900
  • Source ID: 678615
  • Day(s) On Site: 3684

Potential Home Value

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Current Value
$40,000
Potential Value
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Foreclosure

Properties 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. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

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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Listing History

Start Date End Date Listing Type Bank Name
09/08/21 03/23/22 Bankruptcy
01/09/12 01/11/12 Preforeclosure
01/05/12 01/11/12 Preforeclosure

Richmond, VA
Home Inspectors
Affordable Home Inspection, Inc.
Jeremy Rowan
804-221-2602
Arthur Darin Strickland
8049223531
HouseMaster
Scott Wharton
804-745-4588
HouseMaster
Jeffrey Barnes
804-873-3126
Burgess Inspections, Inc.
Douglas M Burgess
804-794-1423
Homes On This Street
View more homes on Fayette Ave
foreclosure.com

Fayette Ave
Richmond, VA 23222

3 Beds   1.1 Baths   900 sq. ft.

$40,000

Status: Inactive Listing ID: 34371124

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/index.html?&listingid=34371124

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