2 Beds   1 Bath   Single-Family
Get the Preforeclosure Address

Ramsey St
Staunton, VA 24401

Overview

This Single-Family Preforeclosure is located at Ramsey St, Staunton, VA 24401. It has 2 Beds, 1 Bath. This property is currently in auction.
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Status: Inactive
Listing ID: 56615494

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Property Information

  • Bedrooms: 2
  • Bathrooms: 1
  • Garage Description: DETACHED
  • Total Rooms: 4
  • Lot Size: 0.38 acres
  • Levels: 1
  • Year Built: 1950
  • Source ID: 21245722
  • Day(s) On Site: 367
  • Subdivision: RAMSEY
  • Assessed Value: $71,970
  • Parcel Number: 6267
  • Property Type: Single Family Dwelling
  • Trustee Name: BWW LAW GROUP LLC
  • Trustee Address: 8100 THREE CHOPT ROAD SUITE 240
  • Trustee City: RICHMOND
  • Trustee State: VA
  • Trustee Zip: 23229
  • Trustee Phone: (804) 282-0463
  • Trustee Reference Number: VA-171625-2
  • Deed Category: NTS

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Public Records

  • Land Area Sqft: 16,452
  • APN: 6267
  • Property Type: Single Family Residence
  • Subdivision: RAMSEY

Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Auction Information

  • Auction Date: 10-22-2021
  • Auction Time: 01:15 PM

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Staunton, VA
Home Inspectors
Sutton's Professional Home Inspections, LLC
Stephen Sutton
540-470-0627
Homes On This Street
View more homes on Ramsey St
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Ramsey St
Staunton, VA 24401

2 Beds   1 Bath   Single-Family

 

Status: Inactive Listing ID: 56615494

Property Information

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Public Records

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Property Description

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Listing URL

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