12B — January 16 - 29, 2015 — New Jersey — M id A tlantic

Real Estate Journal


N ew J ersey 20 New Jersey residential foreclosures from Sussex to Cape May County Warner RE & Auction Company announces USDA New Jersey foreclosures totaling $1.1m


EW JERSEY — Warner Real Estate & Auction Compa-

ny , a leader in the accelerated marketing and disposition of quality real estate, announced the results of the November 12, 2014 Online Only Abso- lute Auction of 20 New Jersey residential foreclosures on behalf of USDA Rural De- velopment . The properties were located in ten counties throughout New Jersey and stretched from Sussex to Cape May County. A highly visible marketing campaign produced more than

600 E. Saint Johns Ave; Villas, NJ

8 Green Way; Fairfield Twp., NJ

100 inquiries, 99 registered online bidders with 73 actively participated placing 1063 total bids. The terms and conditions of the auction stipulated the

successful buyer return the executed contract along with the required $5,000 deposit within 24 hours of the conclu- sion of the auction. Firm presi-

dent and auctioneer, Richard Warner was pleased with results of the online auction with the final pricesrealized for the 20 properties totaling

$1,101,400. The successful bidders pur- chased the properties "as is" but with a deed restriction in place which would be released upon submission of a New Jersey certificate of occupancy or a certificate of compliance pursuant to the New Jersey building subcode. “It was a fantastic auction!”, said Neal Hayes , Housing Program director, New Jersey State Office, USDA- Rural Develop- ment. It was a good day for both the USDA and the buy- ers. USDA sold 20 residential foreclosures in one day which will eliminate the carrying costs of these properties and the buyers were able to bid their prices and pick up some great deals. n Scott Deutchman joins Lee & Associates, NJ ELMWOOD PARK, NJ — Scott Deutchman , recently hired as a vice president, position, he will concentrate on the counties of Bergen, Hudson and Passaic and spe- cialize in industrial real estate dealings. He will be based out of Lee & Associates corporate headquarters inElmwoodPark. “I am very excited about my new career move and working with a company that is known in New Jersey for their local expertise and in-depth experi- ence. ” said Deutchman Prior to joining Lee & As- sociates, NJ, Deutchman was with American Properties in Paramus for five years and nearly two decades with Team Resources SBWE Inc. n Scott Deutchman brings more than 30 years experience in commercial real estate servi ces to Lee & Asso- ciates, NJ . In Deutch- man’s new

EOS can SAVE you UP TO 20% or MORE by doing a FREE print management analysis. CEO’s, CFO’s, COO’s and CIO’s... Your company profits may be going down the drain due to poor print management control! The EOS analysis will streamline your process dramatically by creating ONE SOURCE to manage all technology and business processes resulting in:

• Reducing costs & increasing efficiency • Optimizing office print infrastructure • Lowering energy usage, paper consumption and solid waste • Enhancing document security and regulatory compliance • Streamlining billing with ONE invoice, ONE contact • Free up your IT staff’s time and much, much more! Let us prove it to you today!


CALL TODAY! (973)808-0100 330 FAIRFIELD ROAD FAIRFIELD, NJ 07004 www.eosnj.com

Made with FlippingBook - Online catalogs