72 Elm Ave 76, Coram, NY, 11727, USA (2024)

72 Elm Ave 76, Coram, NY, 11727, USA (1)

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72 Elm Ave 76, Coram, NY, 11727, USA (3)Foreclosure Sale

72 Elm Avenue 76 Aka 72 Elm Avenue Aka 76 Elm Avenue

Coram, NY 11727, Suffolk County

Beds

Baths

-

Sq. Feet

Auction.com

New York

Suffolk County

Coram

72 Elm Ave

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72 Elm Ave 76, Coram, NY, 11727, USA (5)

Coming Soon

Price Insights

Est. Resale Value

Not Available

In-Person Auction

Date

Tuesday, Aug 06, 2024

Auction Start Time

TBD

Other properties at this auction

Property Details

Beds

-

Baths

-

Square Footage

-

Lot Size (Acres)

-

Property Type

Unknown

Year Built

-

Case/File No

NY20220000022

...

APN

District 0200

...

Due Diligence

Educate yourself before you bid. Learn how to perform due diligence.

Review Property Information

Check out third party reports on property condition, market value and neighborhood info.

Examine Title and Liens

Reference the title document for information only. Check the property title and any possible liens on the property. Get a professional opinion for a full evaluation.

Title Insurance Paid by

Not Available

View Sales Documents

Review sample documents for details of Seller's terms and conditions and your rights as the buyer.

Prepare for Auction

Use this checklist to guide you on what to bring to the auction, like payment information, important documents and other items.

Note:

Conventional financing cannot be used for this property.

Payment information: Sale not held by Auction.com. 10% deposit due after sale. Certified Funds in the form of cashier's checks are required to bid and be payable to the referee, or the law firm for Co-Op sales. Please review Notice of Sale or below for referee details.

Sales agent contact info:

Maureen Sweeney, Esq. 1500 Lakeland Ave Bohemia NY 11716 (631) 360-7333 MDSESQ920@msn.com 2080992022

Government-issued ID

(e.g., driver's license or passport)

Save time at the auction: Download the app to get a QR code.

Top FAQs

How does a foreclosure auction work?

The foreclosure process starts when a homeowner stops paying their mortgage. The lender sends the homeowner a notice, giving them a period of time to pay, or the property goes to auction. The homeowner can take steps to either postpone or cancel the auction. At the auction, the bank won't bid more than the credit bid.

The purchaser at the auction is essentially paying off the mortgage and is responsible for any additional liens attached to the property. If no one bids above the credit bid, the property goes back to the bank. And, it becomes a real-estate owned (REO) property for sale.

Can I get inside or visit the property before the auction?

Interior access is not available for any property sold at a foreclosure auction. All foreclosed properties are sold as is, where is.

You'll need to estimate any repair or upgrade costs from a distance. Even if you think the home is vacant, treat it as occupied. These homes have not transferred ownership yet. So, walking on or entering the property is trespassing and a crime.

If I don't know how much the property will sell for, how do I know how much to bring?

All counties have different payment requirements. Some require the full amount of the winning bid at the sale. Others only need a deposit and the balance is due at a later date.

Generally, payment is required in the form of cashier's check at the auction. Be sure you know your maximum budget when preparing for the auction. Some investors bring multiple checks in different denominations. This allows them to get the payment as close to the bid as possible. If you bring more than the winning bid, you will be sent a check from the trustee for the difference.

Keep in mind you will only be able to bid up to the amount you brought. You will not be allowed to go to the bank for more funds.

I thought foreclosure properties are auctioned by the county. Why is Auction.com involved in this sale?

Foreclosure properties are sold a couple different ways.

  1. In some states, Auction.com is appointed by the foreclosure attorney to conduct the sale.
  2. In other states, the sale is done by a court-appointed official (usually the sheriff).

Auction.com often lists properties auctioned by the county. We do this to provide you with a wide range of options for your next investment.

Can I use financing to buy this property?

Most mortgage lenders want a property inspection or appraisal. So, they won't provide loans on occupied properties.

These properties are sold as-is and without interior access. You must pay the full amount with a cashier's check. Make sure you check the property page for specific details on fund requirements.

Some investors use other sources to get cashier's checks. These can include hard-money loans or lines of credit. But, to use one of these types of loans, the loan can't require property inspections or appraisals.

See more FAQs

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72 Elm Ave 76, Coram, NY, 11727, USA (11)

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72 Elm Ave 76, Coram, NY, 11727, USA (12)

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72 Elm Ave 76, Coram, NY, 11727, USA (13)

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DISCLAIMER: The content provided herein is for informational purposes and no representation or warranty is made regarding its accuracy or completeness. Property descriptions, documents, and pictures may not accurately describe or depict the property. You are encouraged to conduct your own due diligence and seek independent professional advice if necessary. The attorney firm listed on this property details page is not responsible for any of the content provided herein.

72 Elm Ave 76, Coram, NY, 11727, USA (2024)

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