Looking to buy a Taylor Spring townhome? This foreclosure sale could afford you $62,900 of savings!


Looking to buy a Taylor Spring townhome? This foreclosure sale could afford you $62,900 of savings!
By Scott Rogers • July 3, 2008
2991 Taylor Spring Lane is a three-level townhome in Taylor Spring subdivision with three bedrooms, two full bathrooms, and a half bathroom. In addition to the 1400 finished square feet above ground, the home has a 700 square foot unfinished basement. Oh --- and as is evident from the photo on the right, this is an end unit with a brick facade! The property was originally purchased in March 2004 for $126,540. The deed of trust that may be foreclosed upon is dated August 30, 2004 and is in the amount of $135,000. Thus --- even if the principal balance had not been reduced at all by regular monthly payments --- a $62,900 opportunity may exist. This equity gap is based on the current assessed value of $197,900 and the original principal balance of $135,000. If you're interested, the trustee sale will take place on July 15, 2008 at 4:30 p.m. at the Rockingham County Circuit Court. A few other articles that might be helpful for understanding the foreclosure process include: Buying a foreclosure sale before the sale Types of foreclosure opportunities How and why to buy property at a foreclosure sale And if you'd like to see other comparable Taylor Spring properties currently on the market, click here. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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