$803,404 EMV

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Park Ave
Emerson, NJ 07630

Status: Inactive
Listing ID: 54866541

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Property Information

  • Source ID: F-20000527
  • Day(s) On Site: 724
  • Plaintiff: WELLS FARGO BANK, NATIONAL ASSOCIATION AS TRUSTEE FOR STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., GREEPOINT MORTGAGE FUNDING TRUST 2006-AR2, MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-AR2
  • Defendant Name: CINDY BISCHOFF; JEFFREY BISCHOFF, WIFE AND HUSBAND
  • Case Number: F4410213
  • Deed Category: NFS
  • Attorney Law Firm: FEIN SUCH KAHN & SHEPARD, P.C.
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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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Auction Information

  • Auction Date: 01-07-2022
  • Auction Location: Bergen County Justice Center, 10 Main ST, Hackensack, NJ 07601

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Homes On This Street
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Park Ave
Emerson, NJ 07630

$803,404 EMV

Status: Inactive Listing ID: 54866541

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Property Description

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Listing URL

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