Property Q&A in Eastampton>Question Details

Jolanta Figon, Home Buyer in Eastampton, NJ

On other web pages this house is still listed for sale as a foreclosures. Is it still available for sale?

Asked by Jolanta Figon, Eastampton, NJ Sat Mar 28, 2009

This question is about this property:…

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Hello Jolanda,
Yo hablo espanol por si acaso quieres que te responda en espanol.
This house was sold for $100000 in 11/10/2009. It had 4 bedrooms 1 1/2 baths. I will be happy to send you the properties that are available in that area or any other town you like.
Call or email me at your convenience.
Ines De La Cruz
RE/MAX Connection Realtors
Web Reference:
0 votes Thank Flag Link Sun Jan 17, 2010
Jolanta; Unfortunately, you can get very bad information from Trulia and, I guess most all of the websites that deal in real estate matters. 1040 Hampton Drive, found on Trulia, is a case in point. Trulia’s report says:

“Single-Family Home
Description provided by Trulia.
Description provided by Realty Trac.
This Single-Family Home located at 1020 Hampton Drive, Eastampton NJ 08060 sold for $30,055 on Sep 3, 2008. The property has a lot size of 10,019 square feet. This property is in the 08060 ZIP code in Eastampton, NJ. “
This information, except for the address and square footage, is inaccurate or misleading. According to Trend, the local MLS, the property is currently available for sale at $172,500, AS-IS! Buyer responsible for repairs and CO.

It SOLD at sheriff’s sale on August 11, 2008. (That means it was foreclosed.) The deed was recorded on September 3, 2008. That’s almost a month after the sale and not an unusual delay in the County Clerks office. The point is, it was off the market from 8/11/2008 until 2/17/2009, when it was listed with a Realtor (as most sheriff sales eventually are,) with the listing price of $184,900. Just before the sheriff’s sale, the owner was trying to get $219,900 for it but he was unsuccessful. The public record shows a nominal sales price at the sheriff’s sale of $100.00. That $30,055 price may have been the bid at the sheriff’s sale but it was not recorded in the public tax records.

Here’s the real story on foreclosures. ANY house will sell for what it is worth. There is NO pot of gold at the end of any rainbow. Think about it. If you owned a house, had no impending crisis, would you sell it for less than you knew the other houses in the neighborhood in the same condition would get?

To find a home you can afford there is really only one way to do it. First, find out how much mortgage you can get. No mortgage, no home, period. Then search out a home that you can afford to move into and maintain. As-Is means lots of costly work for the buyer, most of whom don’t have the experience to do the work well and the time to wait to get it done before they move in and the town will not let you move into substandard housing.

Here’s a free tip: Realtors are in the best position to get accurate information about the homes that are available for sale at all price ranges and in all conditions.

My advice: start your search with a realtor unless you make a business of buying and restoring distressed property.
0 votes Thank Flag Link Sun Mar 29, 2009
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