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Many potential buyers have decided that â€œdistressedâ€ 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.
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