2,880 Sq. Ft. Single-Family

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8th Ave,
Haddon Hgts, NJ 08035

Name: 8th Ave, Haddon Hgts, New Jersey 08035 | Foreclosure.com
SKU: 54593620

Overview

This Single-Family is located at 8th Ave, Haddon Hgts, NJ 08035. It has , 2,880 sqft of living space. This property is currently in pre-foreclosure
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Status: Inactive

Listing ID: 54593620

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Property Information

Living Area Size: 2,880
Lot Size: 0.37 acres
Year Built: 1900
Source ID: 24665261
Days On Site: 320
Parcel Number: 1800040000000017
Property Type: Single Family Dwelling
Plaintiff: Hsbc Bank As Trustee
Defendant Name: RICHARD J BURNS
Recording Date: 12-05-2019
Trustee Name: RAS CITRON
Deed Category: LP
Document Number: F-019820-19

Public Records

No. of Stories: 2
Exterior Wall Type: FRAME
Land Area Sqft: 16,000
Year Built: 1900
APN: 00040-0000-00017
Property Type: Single Family Residence
Township: HADDON HEIGHTS BORO
Front Footage: 80
Depth Footage: 200
Living Sqft: 2,601

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.

Property Classification

Classification Id: Lis Pendens
Classification Desc: If a homeowner misses one or more mortgage payments in states that follow judicial foreclosure actions a lender will file this formal notice with the local courthouse. The term is also used to describe mortgage-related complaints, which allow third parties to know that there is a pending legal action that affects the property. Approaching a homeowner at this stage of default represents a tremendous opportunity to make money in the real estate market because he or she is motivated to sell before potentially losing the house to foreclosure. It is important to do your research to determine what type of litigation the lis pendens relates to before approaching a property owner. A lis pendens is also filed when there is some other legal claim being made against a particular property, such as lien claims by contractors, divorce cases, and fines and penalties assessed by homeowner associations.

Loan Information

1st Mortgage Date: 06-14-2006

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County Information

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Listing History

Start Date	End Date	Listing Type	Bank Name
10/17/19		Tax Lien

Learning Center

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.