2 Beds   1 Bath   936 Sq. Ft.
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Cotter Ave
Somerset, KY 42501

*Rental Value Coming Soon


This is located at Cotter Ave, Somerset, KY 42501. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 2 Beds, 1 Bath , 936 sqft of living space.
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Status: Inactive
Listing ID: 56792590
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Learn about Cotter Ave in Somerset, KY

This property is available as a preforeclosure at Cotter Ave. It has 2 bedrooms, 1 bathrooms, and 936 square feet of living space. Based on our analysis of the current market conditions in Somerset for Cotter Ave and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Cotter Ave are updated daily along with others in Somerset, Kentucky.

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Property Information

  • Bedrooms: 2
  • Bathrooms: 1
  • Living Area Size: 936
  • Source ID: 21301224
  • Day(s) On Site: 589
  • Parcel Number: 061-5-6-28
  • Defendant Name: ROBERT L PEYTON
  • Case Number: 19-ci-01245 div i
  • Trustee Name: JOHN S GILLUM
  • Trustee Address: 117 NORTH MAIN STREET
  • Trustee City: SOMERSET
  • Trustee State: KY
  • Trustee Zip: 42501
  • Trustee Phone: (606) 679-9222
  • Deed Category: NFS
  • Mortgage Balance: $15,079

Public Records

  • Bedrooms: 2
  • Baths: 1
  • Full Baths: 1
  • No. of Stories: 1
  • Air Conditioning: WALL UNIT
  • Exterior Wall Type: MASONITE
  • Foundation Type: CONCRETE BLOCK
  • Heating Type: GAS
  • APN: 061-5-6-28
  • Property Type: Single Family Residence
  • Living Sqft: 936


The property located at Cotter Ave in Somerset, KY is listed as a Preforeclosure

The process of preforelcosure with properties like Cotter Ave in Somerset, Kentucky begin 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.


Auction Information

  • Auction Date: 10-27-2021
  • Auction Time: 01:00 PM
  • Auction Address: 207 S RICHARDSON DR
  • Auction City: SOMERSET
  • Auction Zip: 42501

Loan Information

  • Mortgage Balance: $15,079

Legal Information

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County Information

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Listing History

Start Date End Date Listing Type Bank Name
11/17/22 02/02/23 Foreclosure
10/29/21 12/29/21 Foreclosure

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Cotter Ave
Somerset, KY 42501

2 Beds   1 Bath   936 sq. ft.


Status: Inactive Listing ID: 56792590

Property Information

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Public Records

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Property Description

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