Foreclosure for Sale at 15 Fort St., Marshill, ME 04758

Foreclosure: 15 Fort St.
Marshill, ME 04758

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Property Details

List Price:	$78,700
Beds:	--
Baths:	--
Status:	Active
SqFt:	--
Agency:	Keenan Auction Company, Inc.

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	--
Notes:	Real Estate Foreclosure Auction 24-45 - 3BR Bungalow - .63+/- Acres - 15 Fort Street, Rt. 1A, Mars Hill, Maine - Tuesday, April 23, 2024 at 10AM - The above stated price is the tax assessed value and a place holder only.The lender reserves the right to bid at the auction. - Real Estate: Consists of a .63+/- acre corner parcel with 173+/- ft. of frontage Fort Street and 97+/- ft. on Gilman Street. Improving the site is a circa 1920's 1.75-stories, Bungalow style home (1,375+/-SF) designed with 8-room including 3-bedrooms, 1-bath, kitchen, dining room, living room, fireplace, front porch, and an attached shed (408+/-SF). Reference Tax Map 16, Lot 4. - Preview: Monday, April 8, 2024 from 1:30-2PM - Buyer's Broker Participation Program Available. Contact Auctioneer's Office For Qualifications. - Directions: From the intersection of Rt. 1 and Rt. 1A, follow Rt. 1A .3 miles to the property on the right. - Terms: A $2,500 deposit (nonrefundable as to highest bidder) in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc. (deposited with the Auctioneer as a qualification to bid), increased to 10% of the purchase price day of sale in cash or personal check, with balance due and payable within 30 days from date of auction. The property will be sold by public auction subject to all outstanding municipal assessments. Conveyance of the property will be by release deed. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction #24-45.Our 52nd Year and 8,630th Auction.
MlsNumber:	11258476

Listing Provided By:	Keenan Auction Company, Inc., original listing
Name:	Keenan Auction Company, Inc.
Phone:	(207) 885-5100
Office Name:	Keenan Auction Company, Inc.
Office Phone:	(207) 885-5100
Agent Name:	Richard Keenan
Disclaimer:	Copyright Â© 2024 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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