1,118 Sq. Ft.   Single-Family
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W 55th St
Ocean City, NJ 08226

Status: Inactive
Listing ID: 55323334

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Property Information

  • Living Area Size: 1,118
  • Lot Size: 0.12 acres
  • Year Built: 1962
  • Source ID: 188790077
  • Day(s) On Site: 797
  • Property Type: Single Family Dwelling
  • Parcel Number: 0900054 0100007 C-S
  • Plaintiff: US Bank As Trustee
  • Defendant Name: MAUREEN E GARBARINO
  • Recording Date: 04-16-2020
  • Trustee Name: PLUESE BECKER & SALTZMAN
  • Deed Category: LP
  • 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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    Loan Information

  • 1st Mortgage Date: 04-15-1992

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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

1,118 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 55323334

Property Information

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Public Records

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Property Description

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Listing URL

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