$129,900

3 Beds 3 Baths 3,451 Sq. Ft. Single-Family

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Battlefield Memorial Hwy,
Berea, KY 40403

Name: Battlefield Memorial Hwy, Berea, Kentucky 40403 | Foreclosure.com
SKU: 51794311
Price: 129900 USD

Overview

This Single-Family is located at Battlefield Memorial Hwy, Berea, KY 40403. It has 3 Beds, 3 Baths , 3,451 sqft of living space. This property is currently bank owned.
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Status: Inactive

Listing ID: 51794311

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Property Information

Price: $129,900
Bedrooms: 3
Bathrooms: 3
Full Baths: 2
Half Baths: 1
Living Area Size: 3,451
Basement: Yes
Lot Size: 3.66 acres
Exterior: Vinyl Siding
Heating Type: Heat Pump
Roof: Metal
Flooring: Carpet, Hardwood, Tile
Air Conditioning: Heat Pumps
Utilities: Electric
Year Built: 1900
Subdivision: Rural
School District: Madison County
Elementary School: Kingston
Junior High School: Farristown
Senior High School: Madison So
Property Type: Single Family Dwelling
MLS Number: 1900997
Source Status: Under Contract

Foreclosure

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.

Data Provider

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Data Provider Description: Fannie Mae has a wide selection of properties for sale, including single-family homes, condominiums and townhouses, which are located in a variety of neighborhoods in all corners of the United States.

Property Classification

Classification Id: Under Contract
Classification Desc: When a seller accepts an offer from a buyer on a property for a mutually agreed upon price it is typically considered "Under Contract." Even though a property is "Under Contract," it is still not "sold" until the final closing. A property can still return to the market if the agreement falls through; therefore, check the listing as frequently as possible to determine its latest status.

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County Information

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Listing History

Start Date	End Date	Listing Type	Bank Name
01/19/19	07/24/19	Foreclosure

Learning Center

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.

First Steps to Buying a Foreclosure

Steps as you search for your foreclosure property:

If foreclosure is complete, the property will be listed with a Realtor, in which case you can have an open line of communication about the property as well as the opportunity to inspect it.
Contact the listing broker and ask for an appointment to see it. Schedule a walk through. While in the area scout out the neighborhood to make certain the surrounding area suits your needs.
If foreclosure is not complete you may be able to get the information you need about the property either from the owner or the lender.
Consult with a professional real estate appraiser. Through their years of familiarity with the property and the neighborhood, appraisers and real estate professionals can supply background on property and neighborhoods. Get them to give you a ballpark estimate of the property value.
If the property needs repair work, have a recommended contractor give a detailed estimate of each job that must be done.
Decide on how much you are willing to pay for the property and stick with that price. Never get so caught up in a property that you do not make clear decisions. Successful bidding on foreclosed properties requires discipline and good information.
Sometimes foreclosures have title problems that have not been cleared up. Hire a closing attorney or title company to check the condition of the title to make certain there are no liens remaining after the foreclosure is complete. Have the title agent issue a title binder showing the conditions under which it will insure your interest in the title. Real estate tax liens and homeowner association liens have priority and need to be paid before clear title can be given.
Have the financing for the property in place before you enter into a firm contract with a good faith deposit, or have the contract be contingent on the financing you will need.

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.

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