2,068 Sq. Ft.   Single-Family
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Sorrento Ave
Newfield, NJ 08344

*Rental Value Coming Soon

Overview

This Single-Family is located at Sorrento Ave, Newfield, NJ 08344. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has , 2,068 sqft of living space.
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Status: Inactive
Listing ID: 57589755
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Learn about Sorrento Ave in Newfield, NJ

This single-family property is available as a preforeclosure at Sorrento Ave. Based on our analysis of the current market conditions in Newfield for Sorrento Ave and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Sorrento Ave are updated daily along with others in Newfield, New Jersey.


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Property Information

  • Living Area Size: 2,068
  • Lot Size: 0.26 acres
  • Year Built: 1970
  • Source ID: 37404523
  • Day(s) On Site: 449
  • Parcel Number: 05 02105-0000-00090
  • Property Type: Single Family Dwelling
  • Defendant Name: MICHAEL R. WEBB
  • Plaintiff: Pennymac Loan Services, LLC
  • Case Number: F-001806-22
  • Recording Date: 01-03-2023
  • Trustee Name: POWERS KIRN, LLC
  • Trustee Address: 728 Marne Hwy
  • Trustee City: Moorestown
  • Trustee State: NJ
  • Trustee Zip: 08057
  • Trustee Phone: (856) 802-1000
  • Deed Category: NFS
  •  

Public Records

  • No. of Stories: 2
  • Exterior Wall Type: FRAME
  • Land Area Sqft: 11,251
  • Year Built: 1974
  • APN: 05-02105-0000-00090
  • Property Type: Single Family Residence
  • Township: BUENA VISTA TWP
  • Front Footage: 75
  • Depth Footage: 150
  •  

Preforeclosure

The property located at Sorrento Ave in Newfield, NJ is listed as a Preforeclosure

The process of preforelcosure with properties like Sorrento Ave in Newfield, New Jersey begin 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: 01-26-2023
  • Auction Time: 12:00 PM
  • Auction Address: 4997 Unami Blvd.
  • Auction City: Mays Landing

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Sorrento Ave
Newfield, NJ 08344

2,068 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 57589755

Property Information

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Public Records

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Property Description

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Listing URL

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