1 br
1 ba
876 sqft
Single-Family Home
From:
RealtyTrac
Listing Type: Foreclosure
Status:
REO - Bank owned
What's this?
Year Built:
Price/sqft: $191
Lot Size:
Days on Market: More than 30 days
ZIP Code: 33168
Neighborhood:
Additional Info: Prior sale history, Assessor records
This property is an REO (Real Estate Owned). This is the final step in the foreclosure process. Ownership has reverted to the lender. This 876 square foot property has 1 bedroom(s) and 1 bath(s). The estimated sale price is $167000. To access more extensive information on this property click the 'more...
Register at RealtyTrac for more details
The foreclosure process begins when a borrower/owner defaults on
loan payments and the lender files a public default notice, called a Notice of Default or Lis Pendens. Buying a
property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright.
If the loan is not reinstated by the end of the
pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to
pay in cash at the auction and may not have much time to research the title and condition of the property
beforehand; however, a public auction often offers some of the best bargains and avoids the unpredictability of
dealing directly with the borrower/owner.
If the lender takes ownership of the property, either through an agreement with the
owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to
recover the unpaid loan amount. The lender will then typically clear the title and perform needed maintenance and
repair; however, the potential bargain for these REO homes is typically less than a pre-foreclosure or auction
property.
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NW 109th St, Miami FL 33168
(Location is approximate)
Exact location unknown
| This home |
| Listing price: |
$167,000 |
|
| |
| Compared to Miami |
| Avg. listing price: |
$445,740 |
-63% |
| Avg. sales price: |
$357,981 |
-53% |
| Avg. price/sqft: |
$189 |
+1% |
Proximity to this address does not guarantee enrollment eligibility. Please contact a
local real estate professional for more information
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Answered Thu Jul 24 2008, 20:54 by Ms-I in
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Answered yesterday, 08:38 by Lynn 911 Dallas Top
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This Single-Family Home located at Northwest 109th Street, Miami FL 33168 is currently for sale and has been on the market for 112 days. NW 109th St is in the 33168 ZIP code in Miami, FL. This property is listed by RealtyTrac for $167,000. The average listing price for ZIP code 33168 is $235,539, which is higher than the list price for NW 109th St. NW 109th St has 1 bed, 1 bath, and approximately 876 square feet.
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