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Under the Community Wealth Preservation Program (A5664/S4240), New Jersey homeowners experiencing foreclosure, their next of kin, or tenants living in a foreclosed property would have “the right ...
A short sale happens when the lender allows you to sell the house for less than the outstanding loan amount, takes the proceeds and forgives any remaining debt. A short sale could help you salvage ...
A house that has gone through a foreclosure auction and failed to attract any acceptable bids may remain the property of the owner of the mortgage. That inventory is called REO (real estate owned). In these situations, the owner/servicer tries to sell it through standard real estate channels.
In Morris Township, a $1.25 million sale for a home shattered all expectations. This NJ home sold for $255K over asking price — here’s why every house in the area will likely face the same fortune
The Alwyn Court was foreclosed upon in 1918, and the second-mortgage holders bought the building at auction for $931,801. [ 63 ] [ 64 ] [ c ] The Grenell Company acquired the building in January 1920 [ 66 ] [ 67 ] and promptly resold it to Benjamin Winter. [ 68 ]
The Starrett–Lehigh Building was sold at a foreclosure auction in August 1974 to Harry B. Helmsley. [115] [116] He bid $2.21 million, beating out the company that had foreclosed on the building by $10,000.
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