Foreclosure and Short Sales Market Update

Foreclosure Report and Market Update for New Jersey

Every year, I compile this report to give a snapshot of what’s going on in the market to help Investor, Agents and Attorneys. It gives you the number of Lis Pendens filed for each county (Central to North Jersey). To get the Foreclosure Report, click here If you need to sell a property in … Continued

Short Sale Process Overview in New Jersey

Short Sale Process Overview in New Jersey

In order for the bank to review a short sale, most banks will require that the property be listed on the MLS (real estate agent) Submit Short Sale Application to Bank(s) Bank will qualify the homeowner, property and transaction – FHA Mortgage Consideration – First must be reviewed for Loan Modification before Short Sale Considerations … Continued

How Important Is The Asking Price When Selling A House In New Jersey?

If you’re thinking about selling your house anywhere in New Jersey, one of the first things you’ll think about is selling price. How much should you sell the house for? But there’s one question you should understand first, and that is: How important is the asking price when selling a house in New Jersey? In … Continued

Sell My House Owner Financing In New Jersey – Segis Group LLC

Do you own a house and are thinking about selling? Selling the traditional way (through an agent) will give you access to some buyers. However, if you’re asking, “how do I sell my house owner financing in New Jersey” then you’re making a smart move that will give you access to many more buyers! Keep … Continued

Foreclosure Stages in New Jersey

Foreclosure Stages in New Jersey

There are different stages of Foreclosure. Here is an overview of the stages of what an homeowner goes through in a typical foreclosure: Homeowner struggles with paying their mortgage Homeowner stops making mortgage payment (Pre-Foreclosure) Bank Files Lis Pendens (Foreclosure Starts) Homeowner has various options Loan Modification Short Sale Deed-in-Lieu Other options not discussed here … Continued

Tax consequences when selling a house I inherited in New Jersey

Inheriting a home is a pretty sweet experience, yet bitter at the same time… You are left with great property value you can use to improve your life, but you are still mourning the loss of a loved one. So you may tend to ask yourself at this point “what are the tax consequences when … Continued

Why are there so many foreclosures in New Jersey?

In this video, I explain why there are so many foreclosures in New Jersey. Back in 2015 there was an article that New Jersey is the number one foreclosure state in the United States. And it’s because of the backlog of all the foreclosures and banks are starting to foreclose on them. And so I … Continued