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Lake Hiawatha : Real Estate Advice

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  • Home Buying1
  • Home Selling0
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Activity 4
Sun Mar 10, 2013
PJ Simonis answered:
lis penden means that the owner is in default on the loan and that the bank/lein holder has begun to file the paperwork to start the foreclosure process.
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Sun Jun 10, 2012
Ian A. Wolf answered:
For homes that are actively listed for sale in Lake Hiawatha, the average days on market is about 108 days. For homes that have sold in Lake Hiawatha over the past 12 months the average days on market is about 80 days. Let me know if there is any other data that would be helpful to you. You can also visit my website which may be helpful also: www.SearchParsippanyHomes.com

Hope that helps.
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Tue Feb 23, 2010
Jack Vollenberg answered:
Hi Saro,

You definitely want this potential issue resolved before you buy the house. To answer your questions in order:
1. Yes, your tax assessment almost certainly will be reassessed. This does not mean they will automatically go up, but chances are they will. Put an inquiry in with the local tax assessor's office.
2. That could be a potential outcome. The conversion really should not have been made from garage to living room without the approval in place. There could be penalties as well.
3. Make the sale contingent upon the seller obtaining approval on the conversion. If you close on the house without these issues sorted out you could be held liable. Talk this over with your attorney: They will provide you with the legal protection and information you need. Remember, this is not meant as legal advice as only your attorney can provide you with such.

Good luck!

Jacobus "Jack" Vollenberg
RE Appraiser - Vollenberg Appraisers
Realtor/REO Asset Manager - ERA Statewide Realty
Vollenberg@iname.com
Office (908) 968-0336
Cell (973) 590-0142
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Sun Aug 15, 2010
Denise Canell answered:
He is now at The Marketing Directors in Pine Brook. You can reach him at: 973-402-1299 or at: mikebyrne@optonline.net

Hope that helps!
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