THIS IS NOT AN ACTIVE DISTRESSED LISTING.
Overview
This Multi-Family is located at Oraton St, Newark, NJ 07104. 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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This multi-family property is available as a as-is deal at Oraton St. Based on our analysis of the current market conditions in Newark for Oraton St 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 Oraton St are updated daily along with others in Newark, New Jersey.
The property located at Oraton St in Newark, NJ is listed as a As-Is Deal
This is an inactive As-Is Deal listing located in Newark, New Jersey. Properties on static.foreclosure.com are typically available for deep discounts that can often reach 50 percent or more!Properties that are labeled as "Deals" can be structured in a variety of ways depending upon the condition of the property and its title, and depending upon your own motivation. These properties are not necessarily in a foreclosure, preforeclosure, bankruptcy, etc. and may just be available for sale by the current owner. For the handy person who knows construction and remodeling, purchasing a 'fixer upper' and bringing it up to standards offers terrific potential for profit. Likewise, ‘as is’ properties offer no guarantee as to the condition of the property or its title, but can represent a unique opportunity for the real estate investor willing to make the effort to identify any hidden flaws and factor that into the purchase.
In each of these scenarios you still must perform your due diligence. Search for the property that suits you. Make a visual inspection of the property and neighborhood. Contact the person or entity that controls the property: Realtor, property owner, lender, or court appointed receiver. In your offer include all the conditions you need to protect yourself including inspections, appraisal, title search, responsibility for repairs, and satisfactory financing. Read and understand the appraisal, inspection reports, and title report. These items affect your bottom line when the transaction is completed.
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