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Foreclosure in 07193 : Real Estate Advice

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Activity 31
Thu Feb 21, 2013
Ed Beck answered:
The banks have pretty much everything on hold in NJ as far as foreclosures go. Sheriff's sales, evictions, and even putting vacant foreclosures on the market. There has been a 'legal hold' on foreclosures since Dec. 2010. Some have gone through, but very few...foreclosures have slowed to a trickle in NJ. There are pending lawsuits against many of them, and they are waiting for rulings on a lot of them before they proceed. It's probably going to be a while. If they offer cash for keys, I'd take it. Because eventually, the eviction is going to go through, and you won't get anything. ... more
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Wed Nov 21, 2012
Laquita Baez answered:
Hi Smithfam,

There really shouldnt be any hidden costs when purchasing any home- foreclosure or not.
Prior to closing, the closing attorneyis required to provide you with the HUD settlement statement
which will detail all costs you have incurred with the purchase of the property which may include lender/attorney fees, title fees, prorated taxes, etc.

It is also important that you consider any home inspections to be done on the property
prior to purchasing whether there is a sellers property disclosure statement or not, so you will be made aware of the current condition.

If seeking financing, your lender should inform you of all associated fees with the loan.

Hope my response helps.
Best with the purhase of your home.

Laquita Baez
Licensed Realtor in NJ and GA
Weichert Realtors
... more
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Sat Mar 31, 2012
Ibrahim Hughes answered:
Hi. First let me suggest that you speak with an attorney regarding matters such as this. I am not an attorney.

Second, I'm sorry for your loss. Did your Mother leave a will? Was she a resident of Essex county? Assuming the answers to my questions are no and yes respectively you will want to go down to the Essex county Surrogate's office on MLK Blvd in downtown Newark and probate your Mom's estate via administration.

But again this is best done by an attorney as a lot will depend on how the deed to the house reads, what debts(if any) are attached to the estate and whether or not there are other heirs involved. If there are, are you guys in agreement with you taking over the house (and thus the estate)?

Lots to discuss here. Feel free contact me and we can talk further.
... more
0 votes 6 answers Share Flag
Mon Feb 20, 2012
Ed Beck answered:
Email me.

Edward A. Beck
Foreclosure Specialist/Realtor® Associate
American Realty Services Group, Inc.
25 Route 22 East Suite 220
Springfield, NJ 07081
Phone: 973-258-0888
Fax: 973-258-0761
Cell: 201-725-5224
... more
0 votes 4 answers Share Flag
Sat Jan 7, 2012
Ron Thomas answered:
First things first;
If your Shortsale hasn't had any offers in three months, you need to lower the LISTING PRICE!
I presume that the Bank didn't tell you how much to list it for, did they?
It is in your best interest to follow thru on the SS for several reasons, not the least of which, is that the Bank is letting you live there rent-free. They would rather have it occupied, particularly by someone who cares.
It will be better for your credit too.
Has your Listing Agent done a CMA to see where Market is?
With the Hardship approval, you've got half the battle won; don't quit now!

Good luck and may God bless
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0 votes 15 answers Share Flag
Fri Dec 16, 2011
G Alexander answered:
Sat Aug 6, 2011
Lois Thompson asked:
0 votes 0 Answers Share Flag
Tue May 3, 2011
Bill Eckler answered:
There are 3 Deutsche Banks in the Jacksonvill area:

5022 Gate Pkwy 904-642-8896

8120 Nations Way 904-596-9033

8657 Baypine Rd. 904-596-1500

Good luck,

... more
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Tue Apr 26, 2011
Laura Giannotta answered:
You should post this to Ohio, so REALTORS there can get you info.
0 votes 1 answer Share Flag
Fri Apr 15, 2011
Freefish63 asked:
0 votes 0 Answers Share Flag
Sat May 28, 2011
- Dane Mickelsen - answered:
Meg, the process can be pretty simple. It really depends on what bank owns the REO. Some banks can take longer than others. Are you paying cash or financing? If you are financing then usually the bank is the quick part, getting your loan usually takes the longest. On average I would say that you are looking at 30-45days start to finish if you are working with agents who are familiar with the process. Good luck on your home search. ... more
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Sun Jan 23, 2011
Deborah Madey answered:
Your question is keyed to the zip code 07107, Newark, NJ. If you repost your question and key it to 44312, Akron, OH, participants on Trulia in the Akron area will be notified of your question. ... more
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Sat Jan 15, 2011
Anna M Brocco answered:
You may wish to ask your question and be a little more specific as to the information needed--in the meantime any local agent/realty office can help you with any questions, schedule a showing, etc., it does not necessarily need to be the listing agent/listing office, as they all have access to the same information. ... more
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Tue Nov 30, 2010
Eve Purvis answered:
It is pretty amazing the power the HOA's have on people properties. I am a Realtor in Florida and they can put liens here. Call the Legal Aid Society for help or a local Real Estate lawyer for NJ laws and see if they can help. Best of luck to you. ... more
0 votes 3 answers Share Flag
Fri Nov 5, 2010
Kevin Olson, Jessica Laude answered:
Cash for keys is offered once a home is foreclosed on and the bank offers you money to leave in exchage for you agreeing to void the remainder of your lease. If you gave a written notice to vacate, there is not much reason for them to offer you cash at this point. You are leaving and ending your lease voluntarily. If the home is foreclosed on already, normally they would not take a notice to vacate in 60 days, however they might if it means they get out of a lease with 8-10 months remaining. ... more
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Sun Jan 23, 2011
Gina Chirico answered:

What is the address of the property? If we know the address, someone, either myself or another agent, may be able to find the owner information for you.

Gina Chirico, Sales Assoc
Lattimer Realty
973-715-1158 cell
973-575-6353 ext 17 office
... more
0 votes 5 answers Share Flag
Tue Aug 31, 2010
Anna M Brocco answered:
Due to privacy reasons, not sure any agent will post such information on a public forum--you can contact any local agent(s) and ask, or check the local public records department.
0 votes 0 Answers Share Flag
Mon Apr 3, 2017
Hugo W Meza answered:
Accoring to my records, it is in foreclosure, not foreclosed!
0 votes 7 answers Share Flag
Sat Feb 6, 2010
Anna M Brocco answered:
You may wish to protect yourself and speak to an attorney specializing in real estate--keep in mind there could be a deficiency judgement against you--if the house sells for less than you owed them even after the foreclosure you could still owe them the amount of the deficiency-- the difference between what they got and what you owed and interest. ... more
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Wed Mar 8, 2017
Anna M Brocco answered:
If you need information regarding the particular property why not contact any local realty office(s) directly and inquire--if the property is on the market they will know about it, and they will be able to tell you its current status as well. ... more
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