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Property Q&A in Glen Ridge : Real Estate Advice

  • All19
  • Local Info1
  • Home Buying9
  • Home Selling1
  • Market Conditions0

Activity 7
Mon Aug 1, 2011
Gene Tedesco answered:

Yes the home is still available and here is a link to the full listing.

I live in town and can set up an appointment if you would like to see it.

Thank you,

Re/Max Home Connection
973-575-6005 office
201-341-0307 cell
... more
0 votes 3 answers Share Flag
Wed Jul 13, 2011
Gina Chirico answered:
Mr. Lee,

I just sent you an email regarding this property.

Gina Chirico, Sales Associate
Lattimer Realty
0 votes 2 answers Share Flag
Fri Apr 30, 2010
Jeffrey Bogert answered:
Hi William.

The house went into attorney review as of 4/24 and in Under Contract as of 4/28. Let me know if you have any othe questions regarding Glen Ridge.

Jeffrey Bogert
0 votes 1 answer Share Flag
Tue Oct 13, 2009
Sloan Berman answered:
Hi Johanna-

The house about which you inquired, 86 Essex Ave. in Glen Ridge, had a price reduction today from $459K to $439K. It is my company's listing.

For your information, a nearby house at 76 Essex Ave. in Glen Ridge just came on the market today. It is 5 bedrooms, 1 full and 2 half baths priced at $548K. The taxes are $13,010.

If you would like any further information, please contact me.


Sloan Berman, Sales Associate
Coldwell Banker, Schweppe Office
973-509-3970 office
862-368-4963 cell
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0 votes 3 answers Share Flag
Wed Apr 1, 2009
Ilia Wood answered:
Hi Shaun,

It does not look like it. It isn't listed on the MLS.

If you would like for me to find out more about it, maybe it is a for sale by owner, I would be happy to help.
Are you looking to move to Glen Ridge?

I can be reached at 201-892-8978 or you can email me, if you would like more information on any homes in the area.

Ilia Wood
Prudential New Jersey Properties
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0 votes 2 answers Share Flag
Fri Mar 6, 2009
Gina Chirico answered:

A notice lis pendens (notice of default) is filed when the owner of the property defaults on their mortgage terms. This is the first step of the foreclosure process. Many homeowners, during this pre-foreclosure phase, either attempt to work out a repayment plan (loan modification) with their lender, list their home, if they haven't already..typically as a short sale but its not always a short sale, or do nothing and the house is foreclosed upon and the bank eventually takes back ownership.

With that being said, to make an offer on a house listed for sale whether it be a house that is in lis pendens status, short sale, or bank owned property, you would need an agent (particularily one experienced in such properties) and you would write up an offer in the normal fashion but be prepared to wait it out for a very long time, some as long as 3-9 months. The banks are not too quick on responding to short sales either because they are too busy and if the seller has not submitted their required paperwork, expect an even longer delay. I've recently been told the pending the new stimilus plan, all lender short sale departments have been put on hold. If it is a bank owned property, again an offer would be written up in the normal fashion. Banks are usually looking for highest price/best terms especially in a multi offer situation.

Keep in mind that if the house has a notice of lis pendens filed but is actually not on the market for sale, you can by all means contact the owner (I suggest via handnote or letter) and see if they are intereseted in selling but in that fashion remember that you will going at it alone with no professional, experienced agent working for you. If it happens to be a short sale, banks are tough to deal with by us agents, nevermind if you had to go it alone.

Good luck. If you are interested in the Bloomfield/Glen Ridge areas, please feel free to contact me directly. I am from that area originally and maintain strong ties to the real estate market in Glen Ridge and the surrounding communities.

Gina Chirico, Sales Associate
Prudential NJ Properties
973-715-1158 cell
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0 votes 2 answers Share Flag
Fri Nov 14, 2008
John Sacktig answered:

As Jeffrey said, This listed at $409,000 and is bank owned. Looks like there is going to to be an auction sometime this month. You would need to go in a see it and perform any inspections before hand.

Not all older homes in forclosure are money pits there are definatley some "diamonds in the rough" out there.. Go meet with Jeffrey, have a contractor go with you initially.. to get a realistic view of work that needs to be done, if any.

(inspectors and appraisers are usually just want to show off what they know and will not be realistic in what HAS to be done). Email me and I will explain in more detail.

Maybe this is the one... go take a look, there are a lot of good buys out there right now.
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