years ago. I'm feeling the growing cost of rent is going to drive me homeless. I found a recently preforclosed property in my area that I know first hand information on. I'm told that the balance is no more than 30-35k. I've already been preapproved for 150k. I've been despartely trying to work with this relator that keeps giving me the run around. He would rather not give me any information on a incredibely affordable preforclosed property that is a rancher and is trying to get me to look at a 2bed/2bath loft condo with a spiral staircase and first come, first serve parking. I've asked him for the information on this property for almost three weeks now and my preapproval status has a deadline. I live in New Jersey, Camden County, does anyone have any great advise before I lose my mind?
Hello Rea,
I work in your area and would love to help you. If your agent isn't showing you what you want to see then why use them. I work out of Prudential Fox & Roach on Blackwood Clementon Rd. We have agents in here who have lots of bank owned properties that might fit your need plus we can access thousands of other homes as well. If you would like to sit down and talk with my team and my self feel free to give me a call if you like.
Joe Rivera 856-309-4169
Hello Rae,
You have some good answers here. I just wanted to say if you ever need any one to talk too, I know where you are coming from. I was injured in car accident myself and was in a wheelchair for two years and still have difficulty walking. It is hard enough being disabled but when you have to deal with other problems on top of it, it can be unbearable.
Good Luck to you, and I wish you the best.
Trisha Motter
trishasoldit@trishamotter.com
Hello Rae when dealing with foreclosures alot of times they usually end up needing work, unless a buyer is very handy thats a good option if you arent at the end you end up with bills just to fix the place up, i may just have the place for you contact me for more information.
what does the owner want to sell the property for?? It doesnt matter that the owner owes 35k, on a house that may be worth 175,000!
If you found the property and have first hand knowledge. Approach owner or bank directly. Get an independant appraisal. Save the commission, you are doing all the work. (I cant believe I said this)
Rae,
I'm not sure why your realtor is not cooperating with you and providing you the information on this house. You mention it is pre-foreclosed - is it actually able to be purchased at this time, i.e., is it for sale? Not making excuses for your agent's actions but if it's in pre-foreclosure and not for sale by owner or by a broker, your broker may not be able to provide you any information because technically its not available. The homeowners still have a chance to work out a deal with the bank and keep the home. If that is the case and it is actually not for sale, your agent should advise you of that. Now if in fact it is on the market for sale then I recommend you immediately get another agent to represent your interests. Did you sign a buyer's agreement with this agent? If so and they are not showing you this property, then I would contact their broker immediately to have the contract withdrawn with no further obligation to the agent or their broker.
If the house is not actually for sale, you can actually contact the owner directly (pre-foreclosure properties are public knowledge) and therefore there are many investors, both legit and non-legit bailout companies out there that do contact the owners directly (usually by mail) and ask if they are interested in selling their home. However, if the property is for sale by a broker, then you cannot contact the homeowner directly - you must use an real estate agent.
Good luck.
Gina Chirico, Sales Associate/Realtor
Prudential NJ Properties
973-715-1158 cell
973-239-7700 ext 132
GinaChirico@PruNewJersey.com
Or find a different agent.
Sounds like your agent simply isn't listening. Have a very firm, stern conversation with your agent clearly outlining what YOU want and how you expect him to fulfil those needs. If that doesn't work, request a meeting with his managing broker immediately.
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