$469,655 EMV


3.5 Baths   1,912 Sq. Ft.

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Reflection Way
Sterling, VA 20164

Status: Active
Listing ID: 56962204

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Bankruptcy

Real estate is often a very valuable asset that a local court can take control of and sell through a bankruptcy procedure. This bankruptcy listing in Sterling, VA is among more than 1 million records featured in our comprehensive nationwide real estate database. However, unlike most property records, not all homes / addresses associated with a bankruptcy filing are for sale. This is an important legal concept to understand before moving forward on Reflection Way Sterling, VA. We highly recommend that you first contact the court-appointed receiver / trustee listed below (scroll down) under "Bankruptcy Information" to learn whether or not the property is (or will soon be) for sale.

What is a bankruptcy estate?

A property owner who is experiencing difficult financial issues will sometimes file for bankruptcy as a last resort. This is a legal proceeding (usually called Chapter 7 bankruptcy), during which a court-appointed receiver / trustee will be assigned to determine all the assets of a distressed property owner. More often than not, a home or property is one of the most valuable assets that the court-appointed receiver / trustee will leverage to satisfy the distressed property owner’s outstanding debts. The contents of the home, as well as any other assets (e.g. cars, boats, etc.), are also often included in a bankruptcy estate. The court-appointed receiver / trustee is almost always motivated to sell a property included in a bankruptcy filing very fast -- there is no real attachment to it other than to obtain funds to pay off debts. And the savings for a savvy buyer and/or investor looking to buy bankruptcy houses for sale in Sterling, VA can be tremendous.

First Steps to Buying a Bankruptcy

In order to purchase a bankruptcy property, you will need to approach the court appointed receiver / trustee to pursue your deal.

Contact the bankruptcy trustee to find out if the property is for sale as part of the bankruptcy.  If so, request the terms for the sale of the property as well as any additional information regarding the condition of the property. This will help you understand the type of investment your are getting into.

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Listing History

Start Date End Date Listing Type Bank Name
10/22/18 11/08/18 Preforeclosure
05/31/18 07/12/18 Preforeclosure
05/04/15 05/21/15 Preforeclosure

Sterling, VA
Home Inspectors

HomeKey Inspections LLC
Sebastian Aste
571-281-3846
HomeKey Inspections, LLC
Ian McNaught
571-281-3846
HomeKey Inspections, LLC
Michael Lawson
517-281-3846
NextDay Inspect®
Azmi Alkurd
703-450-6398
foreclosure.com

Reflection Way
Sterling, VA 20164

3.5 Baths   1,912 sq. ft.

$469,655 EMV

Status: Active Listing ID: 56962204

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Reflection-Way-Sterling-VA-20164/56962204_lid

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