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sqft
Single-Family Home
From:
RealtyTrac
Listing Type: Foreclosure
Status:
Lis Pendens (Pre-Foreclosure)
What's this?
Year Built: 1951
Price/sqft: $
Lot Size:
Days on Market: More than 30 days
ZIP Code: 07039
Neighborhood:
Additional Info: Prior sale history, Assessor records
This property is a Lis Pendens. This is the initial document filed by an attorney or trustee on behalf of the foreclosing lender that starts the foreclosure process. This 0 square foot property has 0 bedroom(s) and 0 bath(s). The estimated loan balance is $401000. To access more extensive information...
Register at RealtyTrac for more details
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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Melrose Dr, Livingston NJ 07039
(Location is approximate)
Exact location unknown
| This home |
| Listing price: |
$401,000 |
|
| |
| Compared to Livingston |
| Avg. listing price: |
$775,373 |
-48% |
| Avg. sales price: |
|
|
| 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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Got a question?
Recently asked on Trulia Voices...
Answered Fri Jul 18 2008, 04:33 by Laura Giannotta in
07111
Answered Thu Jul 24 2008, 12:39 by Anne in
Newark
Answered Sat Jul 19 2008, 08:02 by Amy Paternite in
07003
Answered Tue Jul 22 2008, 14:45 by Brian Daniels / Al
in
Newark
Answered Tue Jul 22 2008, 19:41 by Sharon Avram and K
in
West Orange
This Single-Family Home located at Melrose Drive, Livingston NJ 07039 is currently for sale and has been on the market for 158 days. Melrose Dr is in the 07039 ZIP code in Livingston, NJ. This property is listed by RealtyTrac for $401,000. The average listing price for ZIP code 07039 is $775,373, which is higher than the list price for Melrose Dr. Melrose Dr has and was built in 1951.
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