1 Bath   2,354 Sq. Ft.
Get the Preforeclosure Address

Gene Reed Rd
Birmingham, AL 35235

Overview

This Preforeclosure is located at Gene Reed Rd, Birmingham, AL 35235. It has 1 Bath , 2,354 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 56640287

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Property Information

  • Bathrooms: 1
  • Living Area Size: 2,354
  • Year Built: 1948
  • Day(s) On Site: 351
  • Subdivision: HUFFMAN FARM ESTATE 12-31
  • Case Number: 21-04193
  • Trustee Name: Tiffany & Bosco, P.A.
  • Trustee Phone: (602) 255-6000
  • Deed Category: NTS
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Potential Home Value

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Public Records

  • Baths: 1
  • Full Baths: 1
  • Rooms: 9
  • No. of Stories: 1
  • Basement Sqft: 2,354
  • Air Conditioning: CENTRAL
  • Fireplaces: YES
  • Exterior Wall Type: WOOD FRAME/ASBESTOS
  • Foundation Type: CONTINUOUS FOOTING
  • Heating Type: FORCED AIR
  • Roof Material: ASPHALT SHINGLE
  • Roof Type: GABLE/HIP
  • Land Area Sqft: 30,500
  • Year Built: 1948
  • APN: 12-31-3-001-015.000-RR-00
  • Property Type: Single Family Residence
  • Township: BIRMINGHAM
  • Front Footage: 100
  • Depth Footage: 305
  • Living Sqft: 2,354
  • Sewer Type: PUBLIC
  • Water Type: PUBLIC
  • Subdivision: HUFFMAN FARM ESTATE 12-31
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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

  • Minimum Bid: $111,500
  • Auction Date: 12-29-2021
  • Auction Time: Between 11:00 AM and 1:00 PM local time
  • Auction Location: At the main entrance of the Courthouse at Birmingham, Jefferson County, Alabama

    Loan Information

  • 1st Mortgage Date: 11/5/2003
  • 1st Mortgage Amount: $113,764

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Birmingham, AL
Home Inspectors
Griffith Home Analysis
Andrew Griffith
2058711007
Oak Mountain Home Inspections, Inc.
John E. Glass
205-618-8374
Southern Home Inspection LLC
Jerry Kelly
2059605203
Homes On This Street
View more homes on Gene Reed Rd
foreclosure.com

Gene Reed Rd
Birmingham, AL 35235

1 Bath   2,354 sq. ft.

 

Status: Inactive Listing ID: 56640287

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=56640287

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