Home Buying in Westville>Question Details

Kyle856, Home Buyer in 08098

520 highland ave westville nj can anyone tell me if this property is in foreclosure?

Asked by Kyle856, 08098 Thu Jan 21, 2010

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hello Kyle856,
Thanks for your question. More than likely it is going to be a short sale. By now it may be a foreclosure depending of the months that the mortgage has not been paid. The husband pass the house to the wife and she put it on the market She tried to sell it with no success.
Feel free to visit my website http://www.inesdelacruz.com anytime to see all the homes in all the areas you like. Let me know if you have more questions. inesdelacruz@remax.net
Web Reference: http://www.inesdelacruz.com
1 vote Thank Flag Link Thu Jan 21, 2010
It's possible that it's in foreclosure but it's not close to the point where you could actually buy it from the bank. Did you mean 500 Highland Ave, Westville? That one was foreclosed on recently and may be on the market shortly. You can see a current list of foreclosures in the area at http://hometeamnj.com/73/joes-foreclosures/

I hope that's helpful... if so, click the "thumbs up" below,

Joe
---------------------------------
Joe Montenigro REMAX Home Team
Broker, GRI (856)374-2800 x106
Serving Gloucester Twp & Southern NJ
Read my Blog at http://hometeamNJ.com
Meet me at http://www.facebook.com/JoeMontenigro
See my virtual tours at http://hometeamnj.com/?page_id=364
1 vote Thank Flag Link Fri Jan 22, 2010
Joe,I know this was posted in 2010 but I was curious about the short sale process and with everyone I spoke with they claim as a rule of thumb it takes 6 months for a bank to tell you yes or no even if you offer full price. Example is 516 highland ave Westville nj 08093. It is listed for 89,900. What they didn't tell me where did they get the 89 figure from? Is that what is left on the portion of the loan still owed? Also is there a way to speed the sale up within a couple of months rather the 4 to 6 everyone (my friends and lenders) say it will take? You had answered a question I posted for a friend and I had said I will be in touch. For me the 89900 is doable but not 6 months from now due to a lease ending and I can't get a straight answer on the short sale process and reason why its not actually short in terms of time. Thanks in advance
Flag Sun Feb 16, 2014
Hi Kyle,
After foreclosure, the person doesn't own it anymore so they have to move out.... so it depends on the question you're asking... 1. how long are they legally enttitled to stay? zero days... 2. How long before they are legally kicked out? roughly 30-90 days or longer depending on many variables.... too many to get into here.

A short sale is not a foreclosure and homeowner would move out willing at the time of closing when the sell it to the buyer.

I hope that's helpful... if so, click the "thumbs up" below,

Joe
---------------------------------
Joe Montenigro REMAX Home Team
Broker, GRI (856)374-2800 x106
Serving Gloucester Twp & Southern NJ
Read my Blog at http://hometeamNJ.com
Meet me at http://www.facebook.com/JoeMontenigro
See my virtual tours at http://hometeamnj.com/?page_id=364
0 votes Thank Flag Link Sat Jan 23, 2010
thank you both for your answers.i have another question.when someone forecloses do they have a certain date to leave the property ?can they live there for awhile even if it goes to a short sale?
0 votes Thank Flag Link Fri Jan 22, 2010
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