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Property Q&A in 08081 : Real Estate Advice

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  • Local Info3
  • Home Buying40
  • Home Selling9
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Activity 3
Fri Oct 3, 2014
This question was asked from this property:…
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Wed Oct 15, 2008
Steve Kappre answered:
Phillip - If you are just looking to invest, you can low ball all day long and see where it goes. A realtor or title company can often let you know what is owed on the property (to a degree), which may or may not help. If they owe very little, you know where you can bid with some confidence. If they owe a great deal, then it may just be trial and error to see how much the bank will take a loss for. Sometimes they sit on those properties for months on end. even with what seems like a good offer to them. Opt to work with an agent though that does I great deal of foreclosed properties. I am not an agent, but if you need one contact me. I know several in your very area that work almost exclusively with short sales and foreclosures. Best to you. ... more
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Tue Sep 23, 2008
terryriw53 answered:
I don't know what your purchase status is, but the listing you are asking about is a 1 bedroom, 1 bath condo in Gloucester Twnshp. The price was that low because it was a HUD Owned proeprty and the appraiser that HUD hired appraised it at that price. I kow all of this because I market HUD Owned homes. If you are looking for HUD Owned homes I can answer whatever questions you have. Check my link below. ... more
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