Market Conditions in Edison>Question Details

Poonacha U.…, Real Estate Pro in Edison, NJ

How can realtors help clients when they get information that a home could be in foreclosure, but it is not?

Asked by Poonacha U. Bollera, Edison, NJ Tue Aug 3, 2010

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4
Poonacha,

Where are they getting their information? From a public tracking site like Realtytrac? I often get contacted by potential buyers who found a pre-foreclosure on a site like Realtytrac which shows a home in lis pendens or pre-foreclosure. I explain to them exactly what lis pendens or NOD means and that the home may not actually be for sale but that the owners simply defaulted on their mortgage.

Hope that answers your question.

Gina Chirico, Sales Associate
Lattimer Realty
973-715-1158 cell
973-575-6353 ext 17 office
Gina@GinaChiricoRealEstate.com
0 votes Thank Flag Link Fri Aug 6, 2010
Try your town tax assessor or Sheriff's dept. on status. or visit NJACT2.com which may help.
0 votes Thank Flag Link Wed Aug 4, 2010
Hi Poonacha, I'm not sure I understand your question. Could you elaborate further?
0 votes Thank Flag Link Tue Aug 3, 2010
Do you mean, when a seller is in default, but that foreclosure proceedings haven't begun?
0 votes Thank Flag Link Tue Aug 3, 2010
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