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Bank REO

287 Shamblin Run Rd, Procious, WV 25164

Procious, Clay County, WV 25164

Opening bid

$48,000

C· 45

Distress profile

Stage
REO (Bank-Owned)
Lender
VA / VRM

Property Details

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Distress timeline

Bank-Owned

Sources: VRM (VA Properties)

Due diligence checklist

  1. 01

    Pull a title report

    Confirm what liens survive the sale. Many tax sales wipe junior liens but not federal IRS or municipal liens. A title company can run this for ~$50-150.

  2. 02

    Drive by the property

    Check occupancy, exterior condition, signs of vandalism, neighborhood comps. You won't get inside before the auction in most cases.

  3. 03

    Have funds ready before bidding

    Most sheriff/tax sales require payment same-day or within 24 hours via cashier's check or wire. Pre-approval letters are not accepted.

  4. 04

    Run the numbers

    Add holding costs (taxes, insurance, utilities), renovation budget, and selling costs to your max bid. A property at 60% of ARV often needs 30%+ in repairs.

  5. 05

    Talk to a real-estate attorney

    Distressed sales in WV have rules that vary by county. A 30-min consult before your first auction is worth it.

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Disclaimer: Property data is collected from public county records and may not be fully current or accurate. Always verify information directly with the county before making any decisions.