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Faitoute Ave
Kenilworth, NJ 07033

*Rental Value Coming Soon

Overview

This is located at Faitoute Ave, Kenilworth, NJ 07033. 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.
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Status: Inactive
Listing ID: 58299485
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Learn about Faitoute Ave in Kenilworth, NJ

This property is available as a preforeclosure at Faitoute Ave. Based on our analysis of the current market conditions in Kenilworth for Faitoute Ave and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Faitoute Ave are updated daily along with others in Kenilworth, New Jersey.


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Property Information

  • Day(s) On Site: 321
  • Plaintiff: CSMC 2020-RPL1 Trust
  • Owner Name: Henry Lorenc
  • Recording Date: 07-20-2022
  • Attorney Name: Robertson, Anschutz, Schneid, et al
  • Deed Category: NOD
  • Docket Number: F-7251-22

Preforeclosure

The property located at Faitoute Ave in Kenilworth, NJ is listed as a Preforeclosure

The process of preforelcosure with properties like Faitoute Ave in Kenilworth, New Jersey begin 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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Loan Information

  • 1st Mortgage Date: 2005
  • 1st Mortgage Amount: $358,123

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Faitoute Ave
Kenilworth, NJ 07033

 

Status: Inactive Listing ID: 58299485

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Faitoute-Ave-Kenilworth-NJ-07033/58299485_lid

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