3 Beds   2 Baths   1,680 Sq. Ft.

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Virginia Trce
Bessemer, AL 35022

Status: Inactive
Listing ID: 56725739

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 1,680
  • Year Built: 2004
  • Subdivision: VIRGINIA TRACE PH 03 AM
  • Case Number: 21-04792
  • Trustee Name: Tiffany & Bosco, P.A.
  • Trustee Phone: (602) 255-6000
  • Deed Category: NTS
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Public Records

  • Bedrooms: 3
  • Baths: 2
  • Full Baths: 2
  • Rooms: 5
  • No. of Stories: 1
  • Parking: ATTACHED GARAGE
  • Parking Sqft: 462
  • Air Conditioning: CENTRAL
  • Heating Type: FORCED AIR
  • Land Area Sqft: 10,246
  • Year Built: 2004
  • APN: 38-25-3-001-017.059-RR-00
  • Property Type: Single Family Residence
  • Township: BESSEMER
  • Living Sqft: 1,680
  • Garage: ATTACHED
  • Subdivision: VIRGINIA TRACE PH 03 AM
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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

  • Auction Date: 11-12-2021
  • Auction Time: Between 11:00 AM and 4:00 PM local time
  • Auction Location: At the main entrance of the Courthouse at Birmingham, Jefferson County, Alabama

    Loan Information

  • 1st Mortgage Date: 2/12/2013
  • 1st Mortgage Amount: $202,500

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Listing History

Start Date End Date Listing Type Bank Name
09/22/21 11/12/21 Preforeclosure
09/08/21 11/13/21 As-is Deal

Bessemer, AL
Home Inspectors

Joy Home Inspections
Mike Grammer
2059366360
foreclosure.com

Virginia Trce
Bessemer, AL 35022

3 Beds   2 Baths   1,680 sq. ft.

 

Status: Inactive Listing ID: 56725739

Property Information

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Public Records

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Property Description

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Listing URL

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