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Updated over 5 years ago on . Most recent reply

Leonardo A Afanador's profile image
Leonardo A Afanador's profile image
Leonardo A Afanador
  • Flipper/Rehabber
  • from Hamilton Township, NJ
  • Member since Mar 24, 2018
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24
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Leonardo A Afanador's profile image
Leonardo A Afanador's profile image
Leonardo A Afanador
  • Flipper/Rehabber
  • from Hamilton Township, NJ
  • Member since Mar 24, 2018
Connect
Leonardo A Afanador
  • Flipper/Rehabber
  • Hamilton Township, NJ
24
Votes |
8
Posts
Buying & Selling Real Estate

Insolvent Estate New Jersey

Leonardo A Afanador
  • Flipper/Rehabber
  • Hamilton Township, NJ
Posted

Hi we have a lead on a property in New Jersey where there is a second mortgage and the estate has been declared insolvent. The executor told us the bank is taking over the home due to the mortgage exceeding what the house is worth. This is due to happen in July. Is there anything that can be done besides letting the bank take over the house and try to buy it as an REO? Any info is appreciated.

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