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W 55th St
Ocean City, NJ 08226

Status: Inactive
Listing ID: 56801858

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Property Information

  • Source ID: 21383041
  • Day(s) On Site: 221
  • Plaintiff: US BANK NATIONAL ASSOCIATION
  • Defendant Name: MAUREEN GARBARINO
  • Trustee Address: 20000 HORIZON WAY
  • Trustee Name: PLUESE BECKER AND SALTZMAN LLC
  • Trustee City: MOUNT LAUREL
  • Trustee State: NJ
  • Trustee Zip: 08054
  • Trustee Phone: (856) 813-1700
  • Trustee Reference Number: 104820
  • Deed Category: NFS
  • Mortgage Balance: $73,619
  • Document Number: F 005501 20

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Public Records

  • No. of Stories: 3
  • Exterior Wall Type: WOOD
  • Land Area Sqft: 5,170
  • Property Type: Condominium
  • APN: 09-00054-0001-00007-0000-C-000W
  • Township: SEA ISLE CITY
  • Front Footage: 47
  • Depth Footage: 110
  • Style: RANCH

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: 03-02-2022
  • Auction Time: 01:00 PM
  • Auction Address: 9 NORTH MAIN STREET
  • Auction City: CAPE MAY

    Loan Information

  • Mortgage Balance: $73,619

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Ocean City, NJ
Home Inspectors
Active Home Inspections, Inc
George Chorin
6092260204
Homes On This Street
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W 55th St
Ocean City, NJ 08226

 

Status: Inactive Listing ID: 56801858

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=W-55th-St-Ocean-City-NJ-08226/56801858_lid

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