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W. Expressway 83,
Mcallen, TX 78503

Status: Inactive
Listing ID: 55794120

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Property Information

  • Utilities: Electric, Gas, Water, Sewer
  • Zoning: C-3/General Business
  • Year Built: 2013
  • Comments: The current tenant is in default due to non-payment and has the right of first refusal. The tenant has 20 business days to exercise the right. The closing date will be modified for this accommodation.
  • Source ID: 21-66-126
  • Days On Site: 41


Properties 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. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

Auction Information

  • Auction Date: 11-18-2020
  • Auction Time: Online Auction Starts:

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First Steps to Buying a Foreclosure

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.


W. Expressway 83
Mcallen, TX 78503


Status: Inactive Listing ID: 55794120

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