Foreclosure in Newark : Questions & Answers

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Diane Glander, Real Estate Pro in Spring Lake, NJ
Diane Glander answered:
When is a home that is facing foreclosure placed in the local news paper?And in what section would you find
Plenty of homes facing foreclosure are being advertised every day by local Realtors. The banks sometimes list them on the MLS trying to get the most money from them by marketing them w ... more
0 votes Share Flag Wed May 7, 2008 Foreclosure in 07105
Bob DeMassi, Real Estate Pro in Essex County, NJ
Bob DeMassi answered:
How long does a home stay in pre foclosure before it goes into the phase of forclosure ? And at what point
The length of time a home stays in a "Pre Forclosure" state is determined by the Hortgage holder. The tenant is considered "In Default" when they have missed 3 monthly rent payments. Th ... more
0 votes Share Flag Tue May 6, 2008 Foreclosure in 07105
Voices Member,  in
Voices Member answered:
I am in NJ. I have a house that I bought in 2004. I moved from that area, so I had to rent it out. The house
why did you buy the house in 2004?
keep the house
not a good time to sell a house
in most states the bank will get a deficiency judgement against you
for example say you have 200k l ... more
0 votes Share Flag Tue May 6, 2008 Foreclosure in Newark, NJ
Cassandra Ti…, Real Estate Pro in Waxhaw, NC
Cassandra Tillis answered:
What is the difference between foreclosure properties, bank-owned, and auction properties?
A property must be foreclosed on to allow the bank to take back ownership with clear title. Once it has ownership they may list or auction it to the highest bidder. It is often bette ... more
0 votes Share Flag Sun Jul 28, 2013 Foreclosure in Newark
Dwight Walker, Real Estate Pro in 07076
Dwight Walker answered:
Isn't there a way of being contacted by homeowners that want to sell quickly before their house goes into?
yes there is that is what we call a short sale is the business and as a agent I would be happy to assist you with that please contact me and we can proceed
0 votes Share Flag Sat Mar 15, 2008 Foreclosure in Central Business District, Newark, NJ
Gina Chirico, Real Estate Pro in 07004
Gina Chirico answered:
Middlesex County Foreclosure . . . .
Veronica, in my experience with bank owned properties there is usually a specific date that the bank will review all offers on. Typically they look for the highest and best offer and g ... more
0 votes Share Flag Wed Feb 27, 2008 Foreclosure in Newark, NJ
Brian Copela…, Real Estate Pro in Nashville, TN
Brian Copeland answered:
We are in the process of buying an As Is foreclosure property. The contract states that there is no
Anne, it's all about what is in the contract specifically that you agreed to. While most REALTORS are not attorneys, if yours is not, I'd certainly seek out qualified legal counsel to ... more
0 votes Share Flag Mon Mar 3, 2008 Foreclosure in Newark, NJ
Janice Morze, Real Estate Pro in 08108
Janice Morze answered:
HOW DO YOU BUY A FORECLOSURE HOUSE?
Hello Thao. I have been diligently researching just the same thing in my area. It is amazing just how many properties are either pre-forclosure (1-3 months behind in payments), in she ... more
0 votes Share Flag Fri Jan 18, 2008 Foreclosure in Newark, NJ
Marc Paolella…, Real Estate Pro in Succasunna, NJ
Marc Paolella, Relo Director answered:
Should we even be looking for a home?
Hi Daniela,

Honestly, it's just a case of not enough money. If you are looking in the low 200's for a 3 bedroom house that you can actually live in, you are going to be looking in u ... more
0 votes Share Flag Sun Mar 9, 2008 Foreclosure in Newark, NJ
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