6 Beds   5 Baths   Single-Family

563 1st St, Carlstadt, NJ 07072

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Overview

This Single-Family is located at 1st St, Carlstadt, NJ 07072. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 6 Beds, 5 Baths.
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Status: Inactive
Listing ID: 26393836

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Property Information

  • Bedrooms: 6
  • Bathrooms: 5
  • Lot Size: 5000
  • Source ID: 6193240
  • Estimated Value: $275,606
  • Day(s) On Site: 4351
  • Improvement Value: $284,000
  • Assessed Value: $344,000
  • Land Value: $60,000
  • Parcel Number: 0500041000000002
  • Property Type: Single Family Dwelling
  • Plaintiff: BAC HOME LOANS SERVICING
  • Defendant Name: LOBELLO ROSE C
  • Case Number: 09-60315
  • Recording Date: 12-28-2009
  • Last Sale Amount: $350,000
  • Last Sale Date: 04-02-2007
  • Document Book: 000323
  • Document Page: 129
  • Trustee City: MOUNT LAUREL
  • Trustee Name: PHELAN HALLINAN AND SCHMIEG
  • Trustee Address: 400 FELLOWSHIP ROAD SUITE 100
  • Trustee State: NJ
  • Trustee Zip: 08054
  • Trustee Phone: (856) 813-5500
  • Deed Category: LP
  • Document Number: 122231
  •  

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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Listing History

Start Date End Date Listing Type Bank Name
11/17/09 09/13/10 Preforeclosure BAC HOME

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1st St
Carlstadt, NJ 07072

6 Beds   5 Baths   Single-Family

 

Status: Inactive Listing ID: 26393836

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Listing URL

https://static.foreclosure.com/listing/address.html?address=563-1st-St-Carlstadt-NJ-07072

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