Short Sale vs Foreclosure – What’s the Difference?

Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure In New Jersey? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If … Continued

New Jersey Foreclosure Report 1st Edition

I have been in the foreclosure business since 2008 and I had a gut feeling back then that foreclosures in New Jersey and New York was going to increase. So when I read the article stating “New Jersey now has the Nation’s Top Foreclosure Rate” I knew that there are going to be increasing number … Continued

New Jersey now has the Nation’s Top Foreclosure Rate

New foreclosures may be back to nearly normal, but the mess from the epic housing disaster in the last decade is far from gone. Bank repossessions, the final stage of the foreclosure process, jumped 66 percent year over year in the third quarter of this year, according to RealtyTrac, a foreclosure sales and analytics company. … Continued