Category: Foreclosure

Dealing with Postponement of Sheriff Sale in New Jersey

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Dealing with Postponement of Sheriff Sale in New Jersey In this video, we go over a situation where we were able to postpone a sheriff sale but at the end were not able to save the home from foreclosure. Call Now for a No Obligation Consultation 201-297-6965 If you are saying to yourself “I need … Continued

Foreclosure Report and Market Update for New Jersey

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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 http://www.foreclosurereport.info … Continued

Foreclosure Stages in New Jersey

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Foreclosure Stages in New Jersey 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 Property … Continued

Why are there so many foreclosures in New Jersey?

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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 … Continued

What is a short sale and how does it benefit you in New Jersey?

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What is a short sale and how does it benefit you here in New Jersey? If you’re thinking that question about yourself… great question! In this article we’ll dive into that question so you as a New Jersey home owner can tell what your options are during foreclosure or just if your home mortgage is … Continued

What happens after a Foreclosure Auction?

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After a foreclosure is complete, the loan amount is paid off with the sale proceeds. Sometimes, if the sale of the property at auction isn’t enough to pay off the loan, a deficiency judgment can be issued against the borrower. Learn more about Deficiency Judgement here with us at Segis Group LLC. A deficiency judgement … Continued

What is Due Diligence in Real Estate?

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Discover how to be prepared for a real estate transaction by following due diligence and investigating both physical and intangible qualities. Do you have a good understanding of what Due Diligence is in Real Estate? Are you a First-Time Homebuyer not aware of this process? Subscribe to our channel and we can help you learn … Continued

Can I sell my New Jersey house in foreclosure?

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You can sell your home up until it is sold at auction or the bank takes possession of your house. One way to avoid foreclosure is to sell your home. Learn more about selling your New Jersey house in foreclosure.   Can I sell my New Jersey house in foreclosure? The short answer: YES   … Continued

Foreclosure Prevention Measures In New Jersey

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Local New Jersey homeowners who are facing a financial challenge may find themselves in foreclosure. Foreclosure is when the mortgage loan doesn’t get paid back and the bank begins the process to take ownership of the property to recoup its losses. If you find yourself entering the foreclosure process, you might wonder if there is … Continued