Thursday, September 01, 2011

Lakewood's Newest and Most Expensive Foreclosure

Sitting on a gorgeous 4.75 acre lot is Lakewood's newest and most expensive foreclosure. This is a 5 bedroom and 3.5 baths brick home built in 1992.

The owners that lost it paid $419,900 and it is currently accessed at $421,400.

This home sits on the main lake on a peninsula and has lots of lake frontage.

Besides the main level there is a basement and an upstairs. Currently the house is listed by Randy Lankford for $248,000. It was reduced in the last couple of days from $266,000.

The owner(bank) bid in $356,254 at the foreclosure auction at the courthouse. This amount is probable the amount that is owed to them.

Please call or text me(Mike) at 731-589-7841 to view and purchase this home.

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