Overview
This Single-Family Foreclosure is located at S Richmond Rd, Decatur, IL 62521. This property is currently bank owned.
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This single-family property is available as a foreclosure at S Richmond Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Decatur, specifically for S Richmond 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 S Richmond Rd are updated daily along with others in Decatur, Illinois, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for S Richmond 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 5 schools in the area. Nearby schools include Decatur High School and Stephen Decatur Middle School.
There are plenty of activities near this property like Decatur Public Library, Decatur Memorial Hospital, and more.
Public transportation options include: Decatur Public Transit System offers bus services throughout the city and surrounding areas, facilitating access to schools, workplaces, and shopping centers.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Scovill Zoo, Fairview Park and more.
Services available in the area include cellular and internet options.
This property in Decatur, IL is located in the Cherrydale Subd Subdivision.
The property located at S Richmond Rd in Decatur, IL is listed as a Foreclosure
Properties like S Richmond Rd in Decatur, Illinois 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 Decatur, IL. The longer lenders own properties like this on S Richmond 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
NEWREZ LLC
02/26/26 - 03/25/26Status: Inactive
Status: Inactive
NEWREZ LLC
07/15/25 - 03/25/26Status: Inactive
Status: Inactive
NEWREZ LLC
02/19/25 - 12/16/25Status: Inactive
Status: Inactive
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