Property is being sold As-Is-Where-Is. This is NOT a foreclosure. Owner will only entertain Cash Offers. Property is boarded up, but will be available to show to serious buyers with proof of funds.We will hold open door on Monday 12/19/2022 between 2PM and 4PM. Do not make appointments outside of that time frame.The Electric and Gas at property and working. Sewer is available. Water is disconnected at street.New roof was put on the back side of the house in Fall of 2022.Property is set up with a Forced Air gas heater, ductwork needs attention.Property is also a good candidate to be converted to a small multi - zoning allows up to 4 units. Do your own due diligence.Basement was previously finished, but is unfinished currently. ********************************* This property was acquired through a Tax Lien Sale and current owner had the Final Judgement recorded on 10/03/2022, giving him the clear right of ownership. There is the one year court rule. This provides that a party with standing to redeem the tax lien may file a motion to vacate the final judgment up and until one year from the date of entry of the final judgment. In this situation, the moving party would have to show something was either wrong with the sale of the tax lien or something was wrong with the foreclosure. An example would be the taxes were paid and the municipality sold the lien due to some kind of mistake. With regard to the foreclosure an example would be that Current Owner believed he served the defendant properly, but they can show that was not the case (for instance someone at the address accepted serviced and the defendant can show they were out of the country). The buyer therefore is assuming a risk if the title company does list the one year rule in this case as an exception on the title policy because the title company will not defend against a motion to vacate the FJ under the one year rule. If the buyer spends money to rehab the property prior to the one year expiration date (10/03/2023) it would be up to the court to determine what additional funds the buyer would be entitled to receive from the redeeming party in order to permit the vacating of the FJ. ************************Call Listing Agent if need further clarification on the Final Judgement and 9.5mo left in the 1 year term. Do your own due diligence.
NJME2025018
Single Family, 3+ Story
4
MERCER
1 Full
1914
0.05
Acres
Public
3
Other
Public Sewer
1,280
Sq. Ft.
$42.97
7
12/6/2022 12:00:00 AM
NONE AVAILABLE
1,280 Sq. Ft. (approx)
Electric Available,Natural Gas Available,Water Available,Sewer Available
School Information
TRENTON PUBLIC SCHOOLS
Bathrooms
1
Total:1
Interior Features
- Square FootageAbove / Below (approx)
- 1,280 Sq. Ft. Above Ground.
- Cooling
- Central Air
- Heating
- Gas Heat. Forced Air.
- Basement
- Unfinished
Exterior / Lot Features
- Exterior
- Other
- Roof
- Shingle
- Lot Dimensions
- 25.00 x 95.00
- Structural Condition
- Major Rehab Needed
- Additional Exterior/Lot Features
- Sidewalks,Street Lights. Front Yard,Rear Yard.
Financial Considerations
Fee Simple
11-27701-00023
$2,021
Cash
Loading...