3 Beds   1 Bath   1,458 Sq. Ft.   Single-Family
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Holly St
Somerset, NJ 08873

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Overview

This Single-Family is located at Holly St, Somerset, NJ 08873. 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 3 Beds, 1 Bath , 1,458 sqft of living space.
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Status: Inactive
Listing ID: 57675247

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,458
  • Year Built: 1952
  • Comments: Invest with success and buy through Auction.com. This foreclosure investment property is a great opportunity to rehab and flip for potential profit or rent out for long-term income. This 1,458 square feet property features 3 beds and 1.0 bath. It is located in Somerset County in the city of Somerset. Be ready to bid and buy at auction on 05-24-2022. Visit Auction.com to find additional property details, time-saving reports, and important auction information.
  • Day(s) On Site: 196
  • Subdivision: HOLLYWOOD HOMES SEC A
  • Property Type: Single Family Dwelling
  • Deed Category: NFS

Public Records

  • No. of Stories: 2
  • Parking: 1 CAR GARAGE
  • Construction Type: FRAME
  • Exterior Wall Type: FRAME
  • Land Area Sqft: 8,977
  • Year Built: 1952
  • APN: 08-00288-0000-00020
  • Property Type: Single Family Residence
  • Township: FRANKLIN TWP
  • Front Footage: 132
  • Depth Footage: 68
  • Living Sqft: 1,458
  • Garage: YES - 1 CAR
  • Subdivision: HOLLYWOOD HOMES SEC A

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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Address: Holly St Somerset NJ 08873

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Auction Information

  • Minimum Bid: $1,000
  • Auction Date: 05-24-2022

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Somerset, NJ
Home Inspectors
Trident Building Inspections
Robert Tami
(800) 276-7197
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Richard Roshak
732-356-6840
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Homes On This Street
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Holly St
Somerset, NJ 08873

3 Beds   1 Bath   1,458 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 57675247

Property Information

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Public Records

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Property Description

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Listing URL

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