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Grays Ln
Magnolia, DE 19962

*Rental Value Coming Soon


This is located at Grays Ln, Magnolia, DE 19962. 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.
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Status: Inactive
Listing ID: 57609854
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Learn about Grays Ln in Magnolia, DE

This property is available as a preforeclosure at Grays Ln. Based on our analysis of the current market conditions in Magnolia for Grays Ln 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 Grays Ln are updated daily along with others in Magnolia, Delaware.

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Property Information

  • Source ID: 21438308
  • Day(s) On Site: 454
  • Subdivision: MEADOWBROOK ACRES
  • Parcel Number: 7-00-11104-01-6500-00001
  • Defendant Name: CYNTHIA A SPENCE
  • Case Number: K22J-00156
  • Trustee Address: 225 S STATE ST
  • Trustee City: DOVER
  • Trustee State: DE
  • Trustee Zip: 19901
  • Trustee Phone: (302) 734-7401
  • Trustee Reference Number: 22000265
  • Deed Category: NFS
  • Mortgage Balance: $2,958

Public Records

  • Land Area Sqft: 20,037
  • APN: 7-00-11104-01-6500-000
  • Property Type: Single Family Residence
  • Front Footage: 130
  • Depth Footage: 180
  • Mobile Home Indicator: Y
  • Sewer Type: SEPTIC
  • Water Type: WELL
  • Subdivision: MEADOWBROOK ACRES


The property located at Grays Ln in Magnolia, DE is listed as a Preforeclosure

The process of preforelcosure with properties like Grays Ln in Magnolia, Delaware 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: 04-26-2022
  • Auction Time: 10:00 AM
  • Auction Address: 555 BAY ROAD
  • Auction City: DOVER

Loan Information

  • Mortgage Balance: $2,958

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Grays Ln
Magnolia, DE 19962


Status: Inactive Listing ID: 57609854

Property Information

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Public Records

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