Magnolia, New Jersey 08049
Listing Details
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Magnolia, NJ 08049

3 Beds | 1 Bath | 912 sq. ft.
Foreclosure
Listing ID: 52542091

$75,000

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 Classification
    • Classification Id: Under Contract
    • Classification Desc: When a seller accepts an offer from a buyer on a property for a mutually agreed upon price it is typically considered "Under Contract." Even though a property is "Under Contract," it is still not "sold" until the final closing. A property can still return to the market if the agreement falls through; therefore, check the listing as frequently as possible to determine its latest status.
  • Property Information
    • Price: $75,000
    • Bedrooms: 3
    • Bathrooms: 1
    • Full Baths: 1
    • Living Area Size: 912
    • Basement: Yes
    • Lot Size: 0.16 acres
    • Style: Rambler
    • Heating Type: Forced Air
    • Air Conditioning: Central A/C
    • Utilities: Gas,Electric
    • Parking Spaces: 2
    • Sewer Type: Public
    • Year Built: 1955
    • Description: Ranch Home located in Magnolia offers 3 decent size bedrooms, 1 full bath, large Living Room and eat-in Kitchen. The basement is semi-finished. There is a fenced back and front yard, large driveway can accommodate up to 3 cars. This is a Fannie Mae Hecm Property and The Seller must comply with HUD Guidelines 24 CRF 206.125
  • Property Tax Roll
    • Tax Year: 2018
    • Sale Type: Not Applicable
    • Subdivision: None Available
    • School District: STERLING HIGH
    • Property Tax: $5,466
    • Property Type: Single Family Dwelling
  • County Tax Roll
    • No. of Stories: 1
    • Exterior Wall Type: FRAME
    • Land Area Sqft: 7,150
    • APN: 00006-0011-00012
    • Property Type: Single Family Residence
    • Township: MAGNOLIA BORO
    • Front Footage: 65
    • Depth Footage: 110
    • Garage: YES
  • MLS Information
    • MLS Number: NJCD367700
  • Foreclosure Information
    • Source Status: Under Contract
  • AVM Report
  • NEW Credit Information Center
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  • County Information
  • Document Center
  • Data Provider
    • Data Provider Description: Fannie Mae has a wide selection of properties for sale, including single-family homes, condominiums and townhouses, which are located in a variety of neighborhoods in all corners of the United States.
Listing History
Start Date End Date Listing Type  
11/28/18 05/08/19 Foreclosure View now
10/10/18 11/28/18 Preforeclosure View now
06/04/18 11/28/18 Preforeclosure View now
06/04/18 10/14/18 Preforeclosure View now
  • Contact Information
    • Agent Company: First Advantage Realty, LLC
    • Agent Name: Hakan Karahan
    • Agent Company Phone: (609) 868-6888
    • Agent Address: 498 KINGS HIGHWAY NORTH
    • Agent City: Cherry Hill
    • Agent State: NJ
    • Agent Zip: 08034
    • Agent Phone: (856) 363-3000
    • Agent Email: Email Now
    • Agent Website: Click Here

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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