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Martin Luther King Jr Dr
Jersey City, NJ 07305

Status: Inactive
Listing ID: 49440307

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Property Information

  • Source ID: 20026861
  • Day(s) On Site: 1798
  • Plaintiff: U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE, ON BEHALF OF THE HOLDERS OF THE HOME EQUITY ASSET TRUST 2005-7 HOME EQUITY PASS-THROUGH CERTIFICATES, SERIES 2005-7
  • Defendant Name: CARLOS CALDERON; ANGELO RAMOS; C & B LAUNDROMAT; JP MORGAN CHASE BANK, NA; PNC BANK, NA
  • Case Number: F-030625-13
  • Attorney Phone: (973) 325-8800
  • Attorney Law Firm: FRENKEL LAMBERT WEISS WEISMAN & GORDON
  • Deed Category: NFS
  •  

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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: 05-18-2017
  • Auction Time: 2 PM
  • Auction Location: 1st Floor Press Room at Hudson County Plaza 257 Cornelision Street, Jersey City, NJ

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Jersey City, NJ
Home Inspectors
Inspex Building Inspections
John H Moss
201-433-8777
Optimal Home Inspections LLC
Marshal Datkowitz
5512611264
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Martin Luther King Jr Dr
Jersey City, NJ 07305

 

Status: Inactive Listing ID: 49440307

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