3 Beds   2 Baths   Single-Family
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Albany Ave
Pompton Lakes, NJ 07442

Overview

This Single-Family Preforeclosure is located at Albany Ave, Pompton Lakes, NJ 07442. It has 3 Beds, 2 Baths. This property is currently in auction.
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Status: Inactive
Listing ID: 48096995

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Lot Size: 0.41 acres
  • Levels: 1
  • Year Built: 1955
  • Source ID: 17718504
  • Day(s) On Site: 2337
  • Parcel Number: 0908705000000009
  • Property Type: Single Family Dwelling
  • Plaintiff: WELLS FARGO BANK
  • Defendant Name: ANDREW TIASE
  • Case Number: F 018443 12
  • Trustee Name: SHAPIRO AND DENARDO ATTORNEYS
  • Trustee Address: 14000 COMMERCE PKWY SUITE B
  • Trustee City: MOUNT LAUREL
  • Trustee State: NJ
  • Trustee Zip: 08054
  • Trustee Phone: (856) 793-3080
  • Trustee Reference Number: F-16001100
  • Deed Category: NFS
  • Mortgage Balance: $514,663
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Public Records

  • No. of Stories: 1
  • Exterior Wall Type: CONCRETE BLOCK
  • Land Area Sqft: 17,877
  • APN: 09-08705-0000-00009
  • Property Type: Single Family Residence
  • Township: POMPTON LAKES BORO
  • Front Footage: 125
  • Depth Footage: 143

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: 07-26-2016

    Loan Information

  • Mortgage Balance: $514,663

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Albany Ave
Pompton Lakes, NJ 07442

3 Beds   2 Baths   Single-Family

 

Status: Inactive Listing ID: 48096995

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/index.html?&listingid=48096995

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