The townhome located at 2979 Diamond Spring Lane (pictured to the right) may soon be sold at a trustee sale.  The property was originally purchased for $200,345 on July 31, 2006.  The mortgage that may be foreclosed on had an original principal amount of $160,000. 

This townhome (circa 2006) features three bedrooms, two full baths, a half bath, and over 1500 finished square feet.  The current assessed value of the property is $189,300 --- thus, compared to the original principal amount of the deed of trust, an opportunity exists for at least $29,300 of equity.

Click here to view other townhomes currently for sale in Taylor Spring.

The trustee sale is scheduled for July 16, 2008 at 3:30 p.m. at the Rockingham County Circuit Court.  A deposit of $15,000 (cash or certified check) will be required at the time of the sale.

To learn more about foreclosures, you might consider reading these articles:

• Buying a foreclosure sale before the sale
• Types of foreclosure opportunities
• How and why to buy property at a foreclosure sale