3 Beds   2 Baths   1,576 Sq. Ft.   Condo

1501 Bromley Est, Pine Hill, NJ 08021

Overview

This Condo Preforeclosure is located at Bromley Est, Pine Hill, NJ 08021. It has 3 Beds, 2 Baths , 1,576 sqft of living space. This property is currently in pre-foreclosure
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Status: Inactive
Listing ID: 27005155

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 1,576
  • Levels: 2
  • Year Built: 1984
  • Source ID: 6561469
  • Estimated Value: $139,376
  • Day(s) On Site: 4212
  • Improvement Value: $98,000
  • Assessed Value: $116,000
  • Land Value: $18,000
  • Property Type: Condo
  • Parcel Number: 28000240001000010007 C1501
  • Plaintiff: BANK OF NY MELLON
  • Defendant Name: JARRETT TIFFANY
  • Case Number: 10-45884
  • Recording Date: 10-26-2010
  • Last Sale Amount: $131,000
  • Last Sale Date: 12-06-2005
  • Document Book: 009312
  • Document Page: 1154
  • Trustee Name: PHELAN HALLINAN AND SCHMIEG
  • Trustee Address: 400 FELLOWSHIP ROAD SUITE 100
  • Trustee City: MOUNT LAUREL
  • Trustee State: NJ
  • Trustee Zip: 08054
  • Trustee Phone: (856) 813-5500
  • Deed Category: LP
  • Document Number: 71047

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Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Bromley Est
Pine Hill, NJ 08021

3 Beds   2 Baths   1,576 sq. ft.   Condo

 

Status: Inactive Listing ID: 27005155

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=1501-Bromley-Est-Pine-Hill-NJ-08021

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