Property Q&A in South Orange>Question Details

Shonnellel F…, Real Estate Pro in Irvington, NJ

What is the actual selling price of this home? How many bedrooms and bathrooms is have?

Asked by Shonnellel Ford, Irvington, NJ Mon May 18, 2009

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Hi Shonnelle,

This property is up for auction - this means no one can see the inside, or perform inspections and does not mean it comes with a clear title, meaning you may be liable for any liens or back taxes the current owner owes. Very risky. Bidding starts at the listed price. The bank will send a representative and if there are no takers, then the bank will buy the house back. This is what it means when you see a $100 transfer or sale.

Once the bank takes it back, it will take 4 to 6 months for the bank to clear the title and hire a real estate broker to sell it for market value.
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0 votes Thank Flag Link Tue May 19, 2009
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