Week of October 25 Auction Results


It's been a while since I've posted an auction results report, ever since I added the functionality to view previous auctions on the site but it's been a while since I blogged anything so here are 4 properties that sold at Sheriff Sales last week.

Many of the properties auctioned recently have been going for less than the judgment amount awarded to the forclosing bank. Sometimes well below as the case of one of the properties in Wayne below.

After reading about these properties you can visit the rest of the site to view properties that haven't been auctioned yet.

222 Coolidge Ave, Hasbrouck Hights, NJ  (Bergen County)

This 1,240 sq ft home sits on a 5,000 sq ft lot. It had a judgment of $327,613.51 and received a winning bid of $253,000 from Nahum Meir. That's 77% of the judgment awarded to Flagstar Bank, FSB. Comparable homes in the area have sold for just under $300,000.

7 Risa Benjamin Way, Freehold, NJ (Monmouth County)

This 6 year old home is 5,542 sq ft and sits on a 2.3 acre (over 100k sq ft) lot surrounded by other recently built large homes on large lots. At it's peak the valuation on this property was $1.7 Million. The winning bid at the Monmouth County Sheriff's Sale was far less. Only $478k, 72% less than the $664k judgment.

The property's value took a big dive after the housing bubble burst and hit a low of around $450k in 2008 but has rebounded a bit to around $840k.

61 MacDonald Drive, Wayne, NJ (Passaic County)

This 3,089 sq ft home sits on a half acre lot. In 2006 it sold for $950k. In the past few months it's been on the market listed between $499k-$600k. Last week the winning bid by Value Realty was only $395,100, 46% of the $867k judgment. That's about what the house sold for in 2001.

 180 Oldham Road, Wayne, NJ (Passaic County)

This 1,404 sq ft ranch home sits on a 0.439 acre property. It received a winning bid of $151,000. The judgment was only $43,208.38. Similar homes in the area have been selling for $400k and up.


Comments:

Post a Comment:
Comments are closed for this entry.
[This is a Roller site]
Receive Free Updates
Enter your email address:
Delivered by FeedBurner

Recent Posts

  • Week of November 29, 2010 Foreclosure Auction Sales

    December 06, 2010

    A number of properties were sold last week at Sheriff Sale foreclosure auctions. All of them well below the judgment price. 31 B South Maple Ave, Park Ridge NJ -  had a winning bid of $57,600,…
  • What is Quantitative Easing :

    November 13, 2010

    Somehow hearing Quantitative Easing explained by cute cuddly cartoon characters doesn't seem so bad. Very good work by malekanoms regarding QE and related issues. See the video below.
  • River Vale Buys a Foreclosed Country Club

    November 10, 2010

    Did you see the foreclosure listing for 660 Rivervale Rd, River Vale, NJ and think to yourself "hey! I have $6.6 million laying around I think I'll pick myself up a country club at the Sheriff…
  • Consequences for Using Robo Signers May Be Coming

    November 09, 2010

    The Ohio Attorney General and a Cleveland Judge are taking a stand against robo signers . The issue started when James Renfro's home was being foreclosed by Ally Financial Inc.'s GMAC Mortgage unit.…
  • Should State Regulators Have More Power Over Banks

    November 08, 2010

    Could this whole housing bubble including the nationwide foreclosure mess have been avoided or at least been arrested before things got so out of hand? According to the article Regulators flawed in…
  • Week of October 25 Auction Results

    November 01, 2010

    It's been a while since I've posted an auction results report, ever since I added the functionality to view previous auctions on the site but it's been a while since I blogged anything so here are 4…
  • Centuria Project Up For Auction?

    February 07, 2009

    I've been busy improving the site and I can't believe I missed this listing yesterday. A notice of sale was issued for a property in Fort Lee, NJ with a judgment of $31,342,684.70. The address of…
  • Monmouth County and Morris County Foreclosures

    February 05, 2009

    This week, 2 additional NJ Counties were added to the site. You can now find Morris County foreclosures and  Monmouth County foreclosures on this site. Adding more counties has been…
  • January 23, 2009 Sheriff Auction Sales

    January 26, 2009

    Click here for current Bergen County Sheriff Sale listings as well as sheriff listings for other counties such as Monmouth, Middlesex, and Passaic. Twelve properties had been scheduled for last…
  • January 16, 2009 Sheriff Auction Sales

    January 20, 2009

    28 properties were scheduled for last Friday's foreclosure auction, 3 were sold out of the 10 that were put on auction. Two were sold below the awarded foreclosure judgment. 67 Willow Ave,…