Ocwen Short Sale Closed in Cedar Grove NJ
By Manny Rosa, New Construction - Union & Essex Counties, NJ
(Rosa Agency)
Ocwen Short Sale Closed in Cedar Grove We're pleased to announce another successful Ocwen Short Sale has closed, this one located in Cedar Grove, NJ. This four bedroom Cape Cod was in fair condition. Featuring central air, a new furnace and hotwater tank, a newer roof and a modern eat-in-kitchen, this Ocwen Short Sale home was tremendous bargain at $306,000. As this was an Ocwen FHA Short Sale, we first worked to get our short sale seller clients approved for a HUD Pre-foreclosure (PFS) Sale, which is how FHA Short Sales are processed. Once our clients received an Approval to Participate (ATP) in the HUD PFS program, we were notified at to the appraised value of $306,000, which became our list price. Knowing that HUD PFS program requires an offer that nets 88% of the appraised valu...
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