Bank Owned Foreclosure For Sale
29 W. Monroe Street, Mount Holly, NJ 08060
Investors, First time homebuyers, here is a property that may interest you. This 2 bedroom, 1 bathroom row home is available for sale in Historic Mount Holly, NJ. The pictures below show that some work is needed on this foreclosed home.
The asking price is $54,900 with a minimum offer price of $43,920.
However this home may be the perfect size for the investor that does not want to lay out a large amount of cash to add another property to the portfolio. You owe it to yourself to check out this bank owned property today
This home is a Bank Owned Foreclosure. It is being offered for sale as-is, where is. They buyer is responsible for all required inspections and certificate of occupancy.
Because this is a bank owned foreclosure, several important points are listed below.
- Property is sold as-is with no warranties. The property is Bank owned and Seller has never resided in and has no knowledge of the property.
- NO seller’s disclosure is provided.
- All offers must include pre-approval letter from a bona fide direct lender (no brokers and VA and USDA loans excluded from this requirement). All offers must include a copy of the escrow check on verification form provided in the MLS attachments; as well as proof of funds for down payment. Cash buyers must provide proof of total funds.
- Buyer’s earnest money will be deposited in Buyer’s Agent escrow account or with a designated Title Attorney/Agent.
- Seller does not pay for home warranty or HOA transfer & disclosure fees.
- Seller does not have home owners association or condominium documents, rules and regulations, keys to mailbox pool/garage door openers, etc. Items to obtained by buyer.
- Seller’s written instructions are not to present offers of less than 80% of list price.
- Only complete offers will be presented to the seller. The following documents must be included in the offer:
- REO Disclosure & Instruction form (this form).
- NJ Association of Realtors Contract of Sale with Opinion 26
- Copy of Escrow deposit check on attached APRE verification form (min. $1000)
- Pre-approval letter from a bona fide direct lender. Cash buyer must provide proof of funds.
- Additional Disclosures, if applicable.
If 29 @ Monroe Street in Mount Holly, NJ is not the perfect foreclosed home
In the meantime, if you have any questions or don't know where to begin on your home search, feel free to contact me.
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Leander McClain, Camden & Burlington Township Realtor & Real Estate Consultant, Atlantic & Pacific Real Estate, 103 Carnegie Center, Princeton, NJ 08540 609-505-6578 (direct)lee@njsouthrealestate.com, @leemack912, www.facebook.com/Leander.NJRealtor
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