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sqft
Single-Family Home
From:
RealtyTrac
Listing Type: Foreclosure
Status:
Notice of Foreclosure Sale (Auction)
What's this?
Year Built:
Price/sqft: $
Lot Size:
Days on Market: More than 30 days
ZIP Code: 07470
Neighborhood:
Additional Info: Prior sale history, Assessor records
This property is a Judgement of Foreclosure Sale. An order was signed by a judge directing that a Notice of Sale be published and a referee to sell this property at a public auction. This 0 square foot property has 0 bedroom(s) and 0 bath(s). The estimated bid amount is $236085. This property will be...
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The foreclosure process begins when a borrower/owner defaults on
loan payments and the lender files a public default notice, called a Notice of Default or Lis Pendens. Buying a
property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright.
If the loan is not reinstated by the end of the
pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to
pay in cash at the auction and may not have much time to research the title and condition of the property
beforehand; however, a public auction often offers some of the best bargains and avoids the unpredictability of
dealing directly with the borrower/owner.
If the lender takes ownership of the property, either through an agreement with the
owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to
recover the unpaid loan amount. The lender will then typically clear the title and perform needed maintenance and
repair; however, the potential bargain for these REO homes is typically less than a pre-foreclosure or auction
property.
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River Rd, Wayne NJ 07470
(Location is approximate)
Exact location unknown
| This home |
|---|
| Listing price: |
$236,085 |
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| Compared to Wayne |
|---|
| Avg. listing price: |
$545,201 |
-57% |
| Avg. sales price: |
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| Avg. price/sqft: |
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Proximity to this address does not guarantee enrollment eligibility. Please contact a
local real estate professional for more information
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