LAKE SABATTUS, ME 04280

Features

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Facts

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Pre-Foreclosure Info

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Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

Real Estate Foreclosure Auction 24-47 - 2BR Cottage - Water Views - 72 Lake St. Sabattus, Maine Wednesday, April 24, 2024 at 11AM - 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 .10+/- acre parcel with approximately 50 ft. of road frontage (scaled from tax map). Improving the site is a circa 1947 1.5-story cottage style home (782+/-SF) designed with 4-rooms including kitchen/dining area, living room, 2-bedrooms, and 1-bath. Property is located across from Martin's Point Park with public access to Sabattus Pond. Reference Tax Map 17, Lot 19. - Preview: Wednesday, April 10, 2024 from 10-11AM - Buyer's Broker Participation Program Available. Contact Auctioneer's Office For Qualifications. - Directions: From the intersection of Rt.126 anfd High St., follow High St. .4 miles to ElmSt. on the right, follow .2 miles to Lake St. on the right., follow .2 miles to the property on the left. - Terms: A $5,000 deposit (nonrefundable as to highest bidder) in CASH or CERTIFIED U.S. FUNDS, made payable to Demerle Hoeger, LLP (deposited with the Auctioneer as a qualification to bid), 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. Buyer will be responsible for an auction fee of 5% of the purchase price to be paid at the tim