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12th Avenue NE, Seattle WA 98115

Total views: 19 Last updated 8/18/08

$340,001

4 br 1 ba 1,280 sqft

Single-Family Home

From: RealtyTrac

Listing Type: Foreclosure

Status: REO - Bank owned What's this?

Year Built: 1922

Price/sqft: $266

Lot Size:

Days on Market: More than 30 days

ZIP Code: 98115

Neighborhood: Roosevelt

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 1280 square foot property has 4 bedroom(s) and 1 bath(s). The estimated sale price is $340001. To access more extensive information on this property click the 'more...
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Pre-Foreclosure (Notice of Default or Lis Pendens)

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.

Auction (Notice of Trustee Sale or Notice of Foreclosure Sale)

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.

Bank-owned (Real Estate Owned)

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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12th Ave NE, Seattle WA 98115 (Location is approximate)

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How 12th Ave NE compares to Seattle

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This home
Listing price:	$340,001

Compared to Seattle
Avg. listing price:	$640,218	-47%
Avg. sales price:	$526,613	-35%
Avg. price/sqft:	$365	-27%

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