CirclingVulture's Q&A

RE: 1050 Morris Tpke, Short Hills, NJ 07078   After 6 listings, and lowering the price by $1,750,000 (a reduction of 45%) the property went under contract on August 17, but has not yet closed.   Below is the listing history for this property:   Dec 29, 2006 - $3,900,000 - MLS # 2358069   Sep 04, 2007 - WITHDRAWN   Sep 26, 2007 - $3,900,000 - MLS # 2447494   Oct 10, 2007 - WITHDRAWN   Oct 12, 2007 - $3,750,000 - MLS # 2452866   Mar 12, 2008 - WITHDRAWN   Mar 13, 2008 - $3,350,000 - MLS # 2497826   Jun 13, 2008 - WITHDRAWN   Jun 16, 2008 - $3,350,000 - MLS # 2536121   Sep 08, 2008 - WITHDRAWN   Sep 09, 2008 - $2,999,000 - MLS # 2575726   Sep 27, 2008 - $2,650,000   Jan 05, 2009 - $2,495,000   May 04, 2009 - $2,300,000   Jun 01, 2009 - $2,150,000   Aug 17, 2009 - Under Contract   Posted: October 18, 2009   http://www.circlingvulture.com

RE: 159 Hobart Ave, Short Hills, NJ 07078   Public records indicate the foreclosure process for this property is complete, and the lender has taken control of the property as REO.   Posted: October 13, 2009   http://www.circlingvulture.com

Yes, under MLS number 2662153.Great views of NJ Transit trains driving through the back yard.http://www.circlingvulture.com

RE: 345 Old Short Hills Rd, Short Hills, NJ 07078   This property is now listed as a "short sale," where the lender is willing to accept less than the loan balance to avoid the expense of pursuing the foreclosure process.  A property listed as a "short sale" may indeed not avoid foreclosure, since either no offers, or an offer below bank expectations, will scuttle the attempt at short sale.   The property has spent 347 Days On Market, with several price drops totaling $250,900 which is a 30% price reduction.   Below is the listing history for this property:   Apr 28, 2006 - $849,900 - MLS # 2273504   Jun 27, 2006 - WITHDRAWN   Oct 22, 2008 - $785,000 - MLS # 2593464   Jan 19, 2009 - $750,000   Apr 22, 2009 - WITHDRAWN   May 05, 2009 - $725,000 - MLS # 2679950   Aug 11, 2009 - WITHDRAWN   Sep 22, 2009 - $599,000 - MLS # 2715748   Posted: September 25, 2009   http://www.circlingvulture.com

RE: 27 Hillside Way, Short Hills, NJ 07078   This property is now listed as a "short sale," where the lender is willing to accept less than the loan balance to avoid the expense of pursuing the foreclosure process.  A property listed as a "short sale" may indeed not avoid foreclosure, since either no offers, or an offer below bank expectations, will scuttle the attempt at short sale.This property sold for $670,000 in May 2004.  Listed for sale 2 years later in May 2006, the property has spent 441 Days On Market, with several price drops totaling $170,000 which is a 20% price reduction.Below is the listing history for this property:Mar 05, 2004 - $750,000 - MLS # 1666565Apr 05, 2004 - $699,000May 07, 2004 - Closed at $670,000-----May 08, 2006 - $869,000 - MLS # 2275762Jun 01, 2006 - $839,000Jun 23, 2006 - WITHDRAWNSep 07, 2006 - $835,000 - MLS # 2316860Mar 07, 2007 - WITHDRAWNFeb 19, 2009 - $839,000 - MLS # 2651199Mar 28, 2009 - WITHDRAWNMar 31, 2009 - $839,000 - MLS # 2670037Sep 16, 2009 - $699,000Posted: September 25, 2009http://www.circlingvulture.com

Look for major settling and sagging, poor insulation, electrical, and plumbing, along with monthly utility bills that rival a mortgage payment.  Add in constant maintenance and repairs.Vacant, this property is currently listed by a foreclosure specialist...

RE: 4 Westview Rd, Short Hills, NJ 07078   After 117 Days on Market, this property recently sold for $801,000 (30%) below asking.   Below is the listing history for this property:   Oct 13, 2004 - $2,450,000 - MLS # 2032268   Mar 02, 2005 - Under Contract   Mar 25, 2005 - Closed at $2,250,000   -----   Sep 02, 2008 - $2,750,000 - MLS # 2572554   Sep 29, 2008 - WITHDRAWN   Mar 09, 2009 - $2,350,000 - MLS # 2661041   Jun 02, 2009 - Attorney Review   Jun 05, 2009 - Under Contract   Jul 30, 2009 - Closed at $1,949,000   Posted: September 18, 2009   http://www.circlingvulture.com  

RE: 345 Old Short Hills Rd, Short Hills, NJ 07078   Public records indicate the foreclosure process for this property began on July 24, 2009.   http://www.circlingvulture.com   

RE: 26 Whitney Rd, Short Hills, NJ 07078   Public records indicate the foreclosure process for this property began on July 23, 2009.   http://www.circlingvulture.com   

RE: Block 4102, Lot 11 (60 Great Hills Rd, AKA "2 Tall Pine Ln")This property has been on the market for 205 days.   The price has been reduced by $745,000 which is a 31% reduction.   The property was listed 2 separate times under 2 different MLS numbers, with the first listing as 60 Great Hills Rd and the second listing as "2 Tall Pine Ln."   Below is the listing history for this property:   Jan 15, 2009 - $2,395,000 - MLS # 2630251   Feb 23, 2009 - $1,999,999   May 04, 2009 - $1,749,000   Jul 16, 2009 - WITHDRAWN   Jul 31, 2009 - $1,650,000 - MLS # 2703002   Posted: August 21, 2009   http://www.circlingvulture.com