$4,000

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Patton St
Memphis, TN 38106

Status: Inactive
Listing ID: 36231715

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Property Information

  • Price: $4,000
  • Lot Size: 37X104
  • Acreage: 0.07
  • Zoning: R-6
  • Comments: This county-owned property is surplus or was delinquent in taxes. Purchaser’s of Shelby County Property with Improvements (house, duplex, condo, apartments, commercial buildings, etc.) must contact City of Memphis, Code Enforcement (901 576-7448) to determine any rehabilitation requirements prior to execution of the “Offer to Purchase”
  • Source ID: 3509700000100
  • Day(s) On Site: 3426
  • Latitude: 35.106
  • Longitude: -90.054
  • Parcel Number: 035097 00010
  •  

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$4,000
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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
03/05/21   Tax Lien

Homes On This Street
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Patton St
Memphis, TN 38106

$4,000

Status: Inactive Listing ID: 36231715

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Property Description

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Listing URL

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