7021 Foreclosures

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Search Essex Fells 7021 Foreclosures for sale on the MLS. View recent sales and find homes for sale in Essex Fells which allow for a 50% commission credit.

Essex Fells 7021 Foreclosures

If you’re looking to purchase a Essex Fells home for sale at a bargain price, foreclosures can often be a great opportunity for experienced investors. If a homeowner defaulted on their mortgage and is unable to pay off their debt before their home auction date, the property will revert back to the lender through the Essex Fells foreclosure process. Once a home has been foreclosed on, it will either be sold off in bulk by the bank or listed with an agent who will add to the MLS. Prior to entering into the MLS, it is often only possible to purchase a foreclosure if you have cash. However, once the property comes on the market through the Essex Fells MLS, there is typically preference within the first 2 weeks to FHA or other government-backed mortgages; if the prior loan foreclosed on was a government-backed mortgage.

Hottest Foreclosures Listings in Essex Fells 7021


Pending
  • Located in Paramount
  • Built in 1980
  • MLS #: DW24205085
  • 2 Bedrooms
  • 2 Baths
  • 1,180 SqFt
More details Listing by Esther Kaveney, eXp Realty of Greater L.A

Active
  • Located in Moorpark
  • Built in 1990
  • MLS #: V1-25173
  • 6 Bedrooms
  • 4 Baths
  • 5,259 SqFt
More details Listing by Paul Ward, Keller Williams West Ventura County

Active
  • Located in Joshua Tree
  • Built in 1991
  • MLS #: SR24141626
  • 3 Bedrooms
  • 2 Baths
  • 1,470 SqFt
More details Listing by Casey Gordon, Rodeo Realty

Active
  • Located in Nice
  • Built in 1981
  • MLS #: LC24171764
  • 2 Bedrooms
  • 2 Baths
  • 1,400 SqFt
More details Listing by Jose Escalante, Luxe Places International Realty

Active
  • Located in Ventura
  • Built in 1966
  • MLS #: V1-25239
  • 3 Bedrooms
  • 2 Baths
  • 1,443 SqFt
More details Listing by Nancy Villasenor, Riverpark Realty

This information is believed to be accurate, but without any warranty.

Essex Fells Real Estate Listings

Search homes for sale in Essex Fells through our MLS powered real estate search. Find and compare homes, condos, and land for sale in Essex Fells. Visit open houses or schedule a tour online with one of our partner agents. When you’re ready to make an offer on a Essex Fells home, you’ll recieve a 50% commission credit when you submit your offer online with OfferDash®.

Open Houses in Essex Fells

If you’re in the market for a new home or just love staying current with what’s on the market, check out the list of Essex Fells open houses happening this weekend. We can help you plan a day to tour homes for sale that are having an open house. When browsing homes for sale in Essex Fells, just hit the save button and build your open house list of homes you want to tour. If you’re not finding any open house options on a property you want to tour, our local Partner Agents can schedule a private tour for you.

Making an Offer to Buy a Home in Essex Fells 7021

We’ve automated the home buying and selling process in order to save thousands for buyers and sellers. Once you’ve found the Essex Fells home for sale that you want to buy, just enter the address in our offer submission form and we’ll automatically draft a legal offer within minutes. In return, you’ll receive a 50% commission credit back for closing costs.

Essex Fells Home Values

Determining your Essex Fells home’s value is a 3 step process. A great way to begin is by checking your property value using our automated home valuation software. This free tool can help you determine what your home might sell for and even calculates estimated rental income it could generate by leasing out your property. To begin the process of determining your Homes value, start a free instant home valuation.

Essex Fells Short Sales

If a homeowner is having difficulty paying their mortgage and their Essex Fells home value has gone down below their mortgage amount, they may be considering a short sale. When a seller lists their Essex Fells home for sale as a short sale, they accept only one offer and submit it to their bank with a short sale package requesting mortgage debt relief. If their lender approves a short sale, they will inform the seller of the minimum net proceeds the bank will take in order to write off the sellers defaulted debt. It is often difficult to reduce the lenders’ short sale approval amount once the lender has made their decision. On loans with mortgage insurance, the lender’s losses are often covered by their insurance up to a certain amount. If a lender accepts a short sale they are likely to not receive a payout from their insurance, so knowing what coverage they have on a loan policy is key when requesting a short sale. If you’re interested in purchasing a Essex Fells home for sale that is listed as a short sale, know that it can be a lengthy process. Those that wait can often get a better deal than a foreclosure; since the bank only reviews 1 offer versus a foreclosure which may have multiple bids. However, a short sale could take months where a foreclosure sale can be sold within days.

Nearby Foreclosure Listings in Essex Fells New Jersey

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