Property Q&A in Delanco>Question Details

Lisa, Home Buyer in 08052

I was wondering if this house is for sale and if so, how much is the asking price.?

Asked by Lisa, 08052 Tue Jan 13, 2009

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Look at 201 willow St. It is a very nice property.
0 votes Thank Flag Link Tue Feb 12, 2013
Lisa: This house is listed by Realtytrac as a Lis Pendans. That means an action has been filed in the courts. It may NEVER be for sale. A client of mine, six month in arrears, has just worked out a new mortgage deal with Wells Fargo, a great bank and mortgage source and her home will not be for sale as a result.

Realtytrac makes their money by charging for information that is public record and that they gather from every court venue. You have to take it from there.

Many potential buyers have decided that “distressed” homes are a bargain and that a pot of gold waits at the end of the rainbow. Unfortunately, distressed usually means physical as well as financial problems and the professional investor has a great advantage over the regular homebuyer in both expertise and in the financial depth to fix the problems. Even with an investor, not all deals result in a profit.

If you are looking for a home, this is a great market for the QUALIFIED buyer. Mortgage rates and home prices are low. My advice is to work with a Realtor (we are pros, you know) and find the house that suits both your needs and budget.

If you like, you can visit my web site to get started.
0 votes Thank Flag Link Wed Jan 14, 2009
Hi Lisa,
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. The estimated loan balance is $227,030. If you were able to buy it directly the total would be more as there are penaltys and attorney fees applied. If you're still interested contact an attorney that specialized in Distressed Properties.

Good luck in your search

Marilyn Geiger, Realtor Associate
Weichert Realtors, Inc.
Cherry Hill, NJ 08003
Cell Phone: 609-238-0465
Marilyn the Matchmaker
Connecting Sellers with Buyers
0 votes Thank Flag Link Tue Jan 13, 2009
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