Overview
This Land Foreclosure is located at Morrison Farm Rd, Troutman, NC 28166. This property is currently bank owned.
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This land property is available as a foreclosure at Morrison Farm Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Troutman, specifically for Morrison Farm Rd and comparable listings. Based on this expert analysis, 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, all assessed by our experienced professionals. Properties like this one on Morrison Farm Rd are updated daily along with others in Troutman, North Carolina, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for Morrison Farm Rd below to see detailed and helpful information about what stage of the foreclosure process this listing is in.
Not in Foreclosure
Pre-Foreclosure
Auction
Bank Owned
There are 6 schools in the area. Nearby schools include Troutman Elementary School and Troutman Middle School.
There are plenty of activities near this property like Downtown Troutman shops and restaurants, Iredell Health System facilities in Statesville, and more.
Public transportation options include: Iredell County Area Transportation System (ICATS) demand-response service, Charlotte Area Transit System park-and-ride options in the broader Lake Norman corridor, Amtrak service from nearby Kannapolis and Charlotte stations, Interstate 77 access for regional commuting, Local taxi, rideshare, and private shuttle services. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Lake Norman State Park, Troutman ESC Park and more.
Services available in the area include cellular and internet options.
This property in Troutman, NC is located in the Morrison Pointe North Subdivision.
The property located at Morrison Farm Rd in Troutman, NC is listed as a Foreclosure
Properties like Morrison Farm Rd in Troutman, North Carolina listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Troutman, NC. The longer lenders own properties like this on Morrison Farm Rd, the more eager they become to sell, often at reduced prices.Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:
Steps as you search for your foreclosure property:
Foreclosed properties can represent excellent opportunities to acquire real estate at bargain prices. But in order to take full advantage of these opportunities you must have all your information and take an organized approach to finding and acquiring foreclosed properties. Find the location and property that interests you, work with the Realtor and closing agent to learn all you can about the property, and make your offer based upon good information and research.
Status: Active
The property has moved into foreclosure proceedings. The lender is likely preparing the home for auction or repossession.
Status: Active
Status: Inactive
The owner is behind on payments and has entered preforeclosure. It may still be possible to avoid foreclosure or sell early.
Status: Inactive
Status: Inactive
Status: Inactive
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