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Author Archive
November
BY: Jeffrey Posner
SheriffSalesOnline.com
Did you know that New Jersey entitles every homeowner in foreclosure to two separate two week adjournments? That’s right, so once the sale is advertised (one month before) it may actually take two months before it makes it to the auction block. Many investors get frustrated by this in the beginning of their career because they feel that nothing is ever getting sold.
You just need to understand the foreclosure process and that it is always being delayed any way it can. Think about it, if you were personally in foreclosure and about to loose your property, you would do everything possible to keep it and that is exactly what’s happening here. Properties get adjourned all the time in this business and the key to it all is keeping track of it.
The Plaintiff (in most cases the lender) can adjourn the sale as many times as they feel necessary and the Defendant can always do a Bankruptcy to freeze everything altogether. If a sale seems to be adjourned too frequently it is possible there is a work-out agreement in place with the lender or the property owner is working with someone else who is helping them through the foreclosure.
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November
| Would-be buyer fails to close deal Towson Jeffersonian, MD - 13 minutes ago … Robert Edwards, a New York minister with Baltimore-based Power of Prayertime Ministries, was … the next week or two that could result in foreclosure and putting … |
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November
- Troubleshooting a Home Furnace Thermostat
- PROBLEM: Furnace Produces No Heat
- PROBLEM: Heat Either Does Not Reach or Exceeds the Set Temperature
- PROBLEM: Furnace Turns On and Off Frequently
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November
| Increase in Lis Pendens Could Mean Trouble for New Jersey DSNews.com, TX - 24 minutes ago  Haley Settle | 11.30.06The hike in lis pendens, which is Latin for “suit pending,†is one of the best indicators of the housing market’s increasing instability in New Jersey, and it could be a sign of things to come. “Lis pendens are the first legal step taken in the home foreclosure process that indicate a homeowner is behind in his or her payments and headed for foreclosure,†said Jeffrey Posner, president of SheriffSalesOnline.com. “A house in a lis pendens proceeding means it is about eight or nine months away from being sold in a sheriff’s sale,†said Posner. So what is fueling this rise in default? The 17 interest rate hikes by the Fed since mid-2004 have made money tight formany homeowners. And with approximately $200 billion worth of adjustable rate mortgages resetting to higher rates in 2006 and more than $1 trillion scheduled to reset in 2007, borrowers in New Jersey and across the nation are finding it more difficult to make the higher payments. Sheriffsalesonline.com is a subscriber service providing timely notice of troubled properties in the lis pendens, public notice, and sheriff sale stages. For more information, visit www.sheriffsalesonline.com. |
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November
| Over 20 years, 1 Man’s Effect on LGBT Center New York Blade, NY - … The Center received a foreclosure notice from the city. … Under this system, the number of queer groups in New York City exploded in the last 20 years. … |
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November
Is there a statutory or regulatory time limit within which a board must act on a buyerÂ’s application?
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November
Is it possible for me to attribute a portion of my income to my summer residence and thus stay under the $175,000 limit?
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November
We are concerned that structural changes to the building next door could negatively affect our building. What can we do?
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November
The Power & Light Building’s owner hopes to start a $102 million redevelopment of the landmark and surrounding property after getting a Kansas City Council committee’s approval on Wednesday of bond financing for almost a quarter of the project’s costs.
Original post by Lucy Maher and software by Elliott Back
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November
Brookfield real estate company Apex Commercial Inc. has joined the affiliate program of Grubb & Ellis Co., Chicago.
Original post by Lucy Maher and software by Elliott Back
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