Listing Details: Mathews, Gloucester and Chesapeake Bay, Virginia Real Estate Listings & Homes For Sale Provided by Tim Rowe

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<Back to Page 1			Property 19 of 42 Selections

Farm with Development Potential

$395,000 REDUCED!!!!!!!

Photo of 17418 John Clayton Mem. Hwy, Mathews, VA, 23109.

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Main Home :circa 1800's
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Address:	17418 John Clayton Mem. Hwy
City/ST:	Mathews,VA
Zip Code:	23109
Location:	Mathews, Virginia 23109
Property Type:	Farm/Development
New or Resale:	Resale
Square Footage:	2260
Bedrooms:	4
Bathrooms:	2 full, 1 half
MLS#	100516
Property Tax:	1800
Monthly Rent Estimate:	$1,000
Last Updated:	2/3/2011 10:57:50 AM
Listing Agent and Office:	Tim Rowe, RE/MAX Bay Country
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13 lots total, One has home with current rental income, huge storge buildings, and farm dependencies. Approx. 20 acres total, lots of state road frontage. There is another farm house already gutted and ready to finish on its own lot. There are 11 additional parcels already recorded with the county and have their own tax map numbers that appear to have great soils for building. Great location near evevything, a few mintues back to town of Mathews or 15 minutes to village of Gloucester.

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Gloucester Real Estate

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Farm, income, 2 single family homes, one rented, huge buildings, state road frontage and open ready to build or use as horse farm,,,many possiblities..

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Foreclosures >4. Foreclosure Alternatives

There are several alternatives for a homeowner to consider when foreclosure is looming. Before proceeding, a homeowner must first choose whether or not he or she wants to keep his or her home.

If a homeowner wants to keep their home:

Repayment plan: The homeowner establishes a payment schedule with the lender to pay the delinquent amount.

Special forbearance plan: The homeowner requests a temporary reduction or payment suspension that will be increased after a set specific period of to repay the delinquent amount.

Modifying the mortgage: The homeowner can refinance the debt and/or extend the term of the loan.

HUD partial claim: If the homeowner has a loan insured by the Federal Housing Administration the lender can get a one time payment from the FHA-Insurance Fund to get the mortgage payments up to date.

Refinance: The homeowner can negotiate a new loan with a different interest rate in order to make smaller payments.

All options listed are subject to approval of the lender.

If a homeowner does not want to keep their home:

Sell the house: Depending on the situation, the homeowner may be able to sell the house for more than is owed to the lender.

Assumption: The homeowner turns over possession of the house to another person who then assumes the responsibility of the payments.

Short sale: The lender and the homeowner come to an agreement to sell the home at a loss in order to get the homeowner out.

Pre-foreclosure sale: The homeowner can sell the home and use the proceeds to settle the mortgage debt, even if the proceeds are less than the amount owed.

Deed in Lieu of Foreclosure: The homeowner surrenders the property to the lender without further damage to his or her credit.

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Q	What is a "smart home"?
A	A "smart home" is equipped with structured home wiring packages that control the home's systems via networked technologies.
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Tim Rowe, REALTOR�, real estate agent and broker for Mathews, Gloucester and Chesapeake Bay, Virginia home listings, property and land for sale - NUMBER1EXPERT

Tim Rowe
RE/MAX Bay Country
P.O. Box 1188
Gloucester, VA 23061
804-725-6099
Fax: 804-693-0580
timrowe@NUMBER1EXPERT.com
Tim Rowe has been selling Real Estate for 20 Years. He is an Accredited Buyer Representative, a Certified Residential Specialist and a member of the RE/MAX 100% Club and Executive Club.

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