Trenton, New Jersey 08610
Listing Details
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Trenton, NJ 08610

3 Beds | 1 Bath
Foreclosure
Listing ID: 52500532

$100,000

Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices. For more check out 'First Steps' below.
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  • Property Information
    • Price: $100,000
    • Bedrooms: 3
    • Bathrooms: 1
    • Full Baths: 1
    • Basement: Yes
    • Total Square Feet: 1,308
    • Lot Size: 0.26 acres
    • Style: Cape Cod
    • Heating Type: Forced Air
    • Air Conditioning: Central A/C
    • Year Built: 1951
    • Description: H.U.D. Home. Available 5.22.19. Bid deadline: 5.31.2019, and then Daily by 11:59 PM Central Time until sold. Year Built: 1951, Lot Size: 11,250.00. 3 Bedrooms, 1 Baths. Interior Square Feet: 1,308, as per appraiser. (IE) Insured w/ Escrow Repairs. Eligible for FHA 203K. Finance Terms: FHA, Cash, and Conv. Sold "AS IS" by elec. bidonly. LBP. ************************************** Wow! This Cape Cod sits on a quiet street where pride of ownership definitely shows. Tremendous potential awaits the next purchaser with its fenced yard, huge rear deck, paved wrap around driveway, fireplace, and finished Master Suite located on the second floor. Main floor features two bedrooms, tiled bath, and dining room which shares a convenient chef's choice kitchen for intimate dinner conversations, pass throughs to your rear deck for special sips, outdoor recreational smokes, or a perched view of your lushly landscaped quarter acre lot. Cemented basement with a newer high efficiency gas furnace, complement and add to the value that already awaits. These types of properties are becoming highly sought after in this area, so bid early and often for your best chance to snag this incredible deal! ************************************** Property is NOT located in a FEMA Special Flood Hazard Area but is listed as a moderate to low flood risk. Please refer to www.floodtools.com for additional information regarding flood zones and insurance, State law requires Smoke/ Carbon Monoxide detectors be installed for properties having combustible fuel heaters/furnaces, fireplaces, hot water heaters, clothes dryers, cooking appliances, or an attached garage, but seller (HUD) is exempt from this requirement as a Federal Entity, Has a heating oil storage tank located in the basement. Any required system repairs will be the buyer's expense. ************************************** Repairs: Damaged window, Defective paint. ************************************** For all bids accepted on or after October 1, 2016, the following incentives are available on properties within the Philadelphia HOC region (3P states): Buyers: $100 down payment on HUD Homes financed with FHA-insured financing. Agents: Real estate selling agents (agent for buyer) get $500 for every HUD Home purchased with an FHA Rehab 203(k) loan. HUD homes being purchased with FHA financing may currently be available for HUDs $100.00 down payment program. To be able to take advantage of this great program, purchasers must be Owner Occupants, and use FHA financing to purchase HUD eligible $100 down properties. $100.00 Down Payment is a Limited time opportunity, and buyers must choose their own lenders. (Normal down payments for FHA home loan is 3.5%). The main reason HUD offers the $100 down payment program is to sell HUD foreclosed homes fast and to also to get owner-occupants into these homes. See attached addendum & Disclosures. For additional information contact the agent of your choice. Copyright 2019 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
    • Source ID: NJME279240
    • Day(s) On Site: 33
  • Property Tax Roll
    • Subdivision: None Available
    • School District: HAMILTON TOWNSHIP
    • Property Type: Single Family Dwelling
  • County Tax Roll
    • No. of Stories: 1
    • Construction Type: FRAME
    • Exterior Wall Type: FRAME
    • Land Area Sqft: 11,251
    • Year Built: 1951
    • APN: 03-02126-0000-00009
    • Property Type: Single Family Residence
    • Township: HAMILTON TWP
    • Front Footage: 75
    • Depth Footage: 150
  • AVM Report
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  • County Information
  • Document Center
  • Mortgage Information
    • Estimated Monthly Payment: Payments as low as $525 per month
    • Monthly Payment Disclaimer:

      Based on a 30 year fixed-rate of

      5.75% with $10,000 (10%) down.

      Check rates now!
  • Contact Information
    • Agent Company: Key Realty NJ
    • Agent Name: Eric Mcroy
    • Agent Company Address: 3685 NOTTINGHAM WAY
    • Agent Company City: TRENTON
    • Agent Company State: NJ
    • Agent Company Zip: 08690
    • Agent Company Phone: (609) 587-2707
    • Agent Company Email: Email Now
    • Agent Phone: (609) 587-2707
    • Agent Email: Email Now

FIRST STEPS:

Foreclosures

You've identified an ideal foreclosure property. Now what?

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Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers.

A property will most likely be listed with a Realtor® who can assist you with submitting an offer.

Contact the listing broker's office as soon as possible to learn about how to visit the property, make offers, and close a transaction. For your convenience, this contact information is located to your left under the property's "Contact Information" header.

This is a big investment. Therefore, learn as much as you can about the property, lender, loan amount and expenses the lender wants to recover.

Once you've gathered this information, it's time to make an informed offer.

Always keep in mind that the seller's primary objective is to recover the amount of the loan balance that was not paid by the previous homeowner, as well as the costs of the foreclosure action and other expenses.

However, the longer lenders own properties, the more eager they become to sell them, often at reduced prices.

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