$750,581 EMV

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Welshs Ln
Somerset, NJ 08873

Status: Inactive
Listing ID: 57602481

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Property Information

  • Source ID: 14025
  • Day(s) On Site: 110
  • Deed Category: NFS

Potential Home Value

This property has untapped potential!

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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.


Auction Information

  • Auction Date: 07-26-2022
  • Auction Time: 2:00 PM
  • Auction Location: The Somerset County Administration Building, 3rd Floor, Freeholders Meeting Room, 20 Grove Street, Somerville, New Jersey

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Rental Value

The estimated rental value for Welshs Ln located in Somerset, NJ is $3,620/month. Comparable homes around Welshs Ln that are rentals have monthly ranges starting as low as $3,440 per month and as high as $3,800 per month. An owner looking to use this property as an investment could bring a return in the area of $3,440 - $3,800 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Somerset, NJ
Home Inspectors
Trident Building Inspections
Robert Tami
(800) 276-7197
Homes On This Street
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Welshs Ln
Somerset, NJ 08873

$750,581 EMV

Status: Inactive Listing ID: 57602481

Property Information

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Property Description

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