Foreclosure and Shortsale Market Update in New Jersey

Foreclosure and Shortsale Market Update in New Jersey

Foreclosure and Shortsale Market Update in New Jersey If you are an investor inquiring about the current foreclosure and shortsale market in New Jersey, you’ve come to the right place.  Besides the volume, I will discuss other factors, like sheriff’s sales that is affecting the market and the Mortgage Forgiveness Debt Relief Act of 2017.  … Continued

Can I Buy an Abandoned House in Foreclosure

Can I Buy an Abandoned House in Foreclosure in New Jersey?

  Can I Buy an Abandoned House in Foreclosure in New Jersey? Many agents and investors are inquiring if they can buy a house in foreclosure.  Since this question gets asked a lot, watch this video for a simple explanation. If you need to sell a property in New Jersey or New York, we can … Continued

2 Misconceptions Homeowners have about Foreclosure in New Jersey

2 Misconceptions Homeowners have about Foreclosure in New Jersey

2 Misconceptions Homeowners have about Foreclosure in New Jersey I come across many homeowners and agents that have misconceptions about foreclosures. In this video, I will discuss 2 most common misconceptions that homeowners and agents have about foreclosures. If you need to sell a property in New Jersey or New York, we can help you. … Continued

What is a Pre-Foreclosure in New Jersey and New York?

With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in NJ/NY anyway? Many homeowners across America, New Jersey and New York, are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending … Continued

Giving My House Back To The Bank In New Jersey

“I’m behind in payments…will I be giving my house back to the bank in New Jersey?” Nobody wants to lose their home. But sometimes financial circumstances turn against you and those financial commitments become simply too much to manage. If your situation progresses too far, you may be forced into the unfortunate situation of having … Continued

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

How to stay in my home after foreclosure in New Jersey

A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued

Understanding the Foreclosure Process in New Jersey

Understanding the foreclosure process in New Jersey is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.  But just know that it’s not … Continued