This Single-Family is located at Old Clove Rd, Sussex, NJ 07461. 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 3 Beds, 3 Baths , 1,764 sqft of living space.
Save money on this property now.
This single-family property is available as a short sale at Old Clove Rd. It has 3 bedrooms, 3 bathrooms, and 1,764 square feet of living space. Based on our analysis of the current market conditions in Sussex for Old Clove Rd 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 Old Clove Rd are updated daily along with others in Sussex, New Jersey.
Short sales often present opportunities for real estate investors to purchase property at below market prices. A short sale occurs when the mortgage lender on a property agrees to give a release for less than the amount owed on the loan. This usually occurs when the loan on the property becomes delinquent and is headed toward foreclosure. An alert property owner who knows he is facing foreclosure is well advised to keep an open line of communication with his lender. And the lender is well advised to keep an open mind to the consequences of a loan default and the benefits of agreeing to a short sale. When the lender and property owner can agree on a short sale price, the owner can advertise that the property is a short sale and can list it accordingly. Such listings attract a lot of attention and can expedite the sale of the property.
Here is how to proceed:
Short sales can create opportunities to save big on the purchase of a property. Such agreements are entered into between a purchaser, a property owner, and the lender. Even though by definition a short sale means the lender is accepting less than the amount owed on the mortgage loan, it is not a certainty that the property is being purchased at a below market price. For that reason, you must still perform the same due diligence as you would on any other real estate transaction. The professional services of an appraiser, property inspector, and title agent are advised when structuring a short sale.
|Start Date||End Date||Listing Type||Bank Name|
|09/27/22||10/05/22||Preforeclosure||Deutsche Bank As Trustee|
|09/23/22||10/05/22||Preforeclosure||DEUTSCHE BANK NATIONAL TRUS...|
|09/20/22||10/05/22||Preforeclosure||Deutsche Bank National Trus...|
|01/17/20||11/12/20||Preforeclosure||Deutsche Bank, Trustee|
|01/14/20||11/09/20||Preforeclosure||Deutsche Bank As Trustee|
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