Property Q&A in Piscataway>Question Details

sahilpatel619, Home Buyer in Piscataway, NJ

is this for buy or rent?

Asked by sahilpatel619, Piscataway, NJ Sat Jun 16, 2012

i am interested in buying if it is for sale, why is the house so cheap

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This question is about this property: http://www.trulia.com/foreclosure/3087015855--Nebula-Rd-Pisc…

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1
Sahil,

It's a foreclosure and MAY be up for auction. The listing on Trulia clearly states:

" This property is scheduled for a public foreclosure auction. A public foreclosure auction is scheduled when a homeowner in default does not stop foreclosure proceedings within a certain timeframe determined by state statute. Properties are typically auctioned in a public location, such as the local county courthouse, by an attorney or local public official. Auctions can be great opportunities to buy property below market value, but usually dont allow for property inspections and often require full or partial payment in cash depending on the auction process in your area. "

You best bet is to contact the Middlesex County Sheriff's office to see IF and WHEN the auctuon will occur. Here's the contact numbers:
Foreclosures :
Gentile, Rose Marie Supervisor (732) 745-3646
Gretkowski, Barbara Clerk (732) 745-3646

Be aware that in a sheriff sale, you must show up with certified funds or cash for a 20% downpayment, and if you win the house, must provide the balance of payment within TWO WEEKS.
Heres the link to the sheriff sales rules:

http://www.co.middlesex.nj.us/sherifffc/foreclosures.asp

Here's the link to the currently posted sheriff sales. Click on the town name to sort by town. There are 34 houses in Piscataway but right now none on Nebula Rd.

http://www.co.middlesex.nj.us/sherifffc/foreclosedhomes.aspx

This type of sale is not for everyone.
0 votes Thank Flag Link Mon Jun 18, 2012
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