1,280 Sq. Ft.

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W 40th St
Bayonne, NJ 07002

Status: Inactive
Listing ID: 52982803

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Property Information

  • Living Area Size: 1,280
  • Year Built: 1920
  • Source ID: 20040050
  • Day(s) On Site: 818
  • Plaintiff: PHH MORTGAGE CORPORATION
  • Defendant Name: ANDREW BLAKOVICH, ET AL.
  • Case Number: F-016950-18 S19
  • Attorney Phone: (856) 813-5500
  • Attorney Law Firm: PHELAN HALLINAN DIAMOND & JONES, PC
  • Deed Category: NFS
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Public Records

  • No. of Stories: 2
  • Exterior Wall Type: FRAME
  • Land Area Sqft: 2,500
  • Year Built: 1920
  • APN: 01-00101-0000-00005
  • Property Type: Single Family Residence
  • Township: BAYONNE CITY
  • Front Footage: 25
  • Depth Footage: 100
  • Living Sqft: 1,280

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: 11-18-2021
  • Auction Time: 2 PM
  • Auction Location: 1st Floor Press Room at Hudson County Plaza 257 Cornelision Street, Jersey City, NJ

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W 40th St
Bayonne, NJ 07002

1,280 sq. ft.

 

Status: Inactive Listing ID: 52982803

Property Information

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Public Records

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Property Description

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Listing URL

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