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Route 50
Woodbine, NJ 08270

Status: Inactive
Listing ID: 56791613

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Property Information

  • Source ID: 756657
  • Defendant Name: Nicholas B. Riley, Et Al
  • Plaintiff: 1st 2nd Mortgage Co. Of N.j., Inc.
  • Judgment Value: $221,556
  • Deed Category: NFS
  • Docket Number: F 016899 19
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Public Records

  • No. of Stories: 1
  • Exterior Wall Type: FRAME
  • Land Area Sqft: 25,264
  • APN: 11-00450-0000-00004
  • Property Type: Single Family Residence
  • Township: UPPER TOWNSHIP

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: 11-17-2021
  • Auction Time: 1:00 PM
  • Auction Location: At the Old Historic Court House, 504 Route 9 North, Cape May Court House, NJ 08210.

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Route 50
Woodbine, NJ 08270

 

Status: Inactive Listing ID: 56791613

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Route-50-Woodbine-NJ-08270/56791613_lid

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