4 br
3 ba
3,162 sqft
Single-Family Home
From:
RealtyTrac
Listing Type: Foreclosure
Status:
REO - Bank owned
What's this?
Year Built:
Price/sqft: $82
Lot Size:
Days on Market: More than 30 days
ZIP Code: 78736
Neighborhood: West Oak Hill
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 3162 square foot property has 4 bedroom(s) and 3 bath(s). The estimated sale price is $258750. 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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Black Mountain Dr, Austin TX 78736
(Location is approximate)
Exact location unknown
| This home |
| Listing price: |
$258,750 |
|
| |
| Compared to Austin |
| Avg. listing price: |
$455,464 |
-43% |
| Avg. sales price: |
|
|
| Avg. price/sqft: |
|
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Proximity to this address does not guarantee enrollment eligibility. Please contact a
local real estate professional for more information
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Answered earlier today by Betina Foreman in
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Answered Mon Aug 18 2008, 11:56 by UTHorn in
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Answered Fri Aug 15 2008, 15:21 by Josh Thomas in
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Answered Mon Aug 18 2008, 12:09 by Amie in
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Answered Fri Aug 15 2008, 09:02 by Nick Solis in
Austin
This Single-Family Home located at Black Mountain Drive, Austin TX 78736 is currently for sale and has been on the market for 177 days. Black Mountain Dr is in the West Oak Hill neighborhood in Austin, TX. This property is listed by RealtyTrac for $258,750. The average listing price for West Oak Hill is $314,004, which is higher than the list price for Black Mountain Dr. Black Mountain Dr has 4 beds, 3 baths, and approximately 3,162 square feet.
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