Happy Second Quarter 2021! As I sit here pondering and viewing my crystal ball… I wonder what the rest of the year will be like in the real estate world. One thing I wanted to point out is that our market space has been void of inventory for a long time. Our communities simply don’t…
Read MoreAll articles filed in Foreclosures
Why do Foreclosures Take So Long?
foreclosures in NJ can take years to come to the market for sale
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Financing a distressed property
As a buyer, you should know that not all financing will work for all homes. There are times when a conventional, FHA, VA, etc will not work for a property. Unfortunately, not all professionals are educated equally on this topic. So it is in your best interest to understand when you might need to use…
Read MoreWhose a what? Understanding the Foreclosure Middle Man
In every industry, there can sometimes be layers of people between you and the person that you are really doing business with. The foreclosure world is no stranger to that. For most foreclosure sales, you as a buyer will be dealing with an agent typically, who is layers away from the actual owner of the property.…
Read MoreTop Foreclosure Contract Mistakes
Often times, when I’m working on contracts with another party (agent or buyer), there are some misunderstandings as to how the contract procedure goes. Below are top contract blunders. Of course, mistakes happen, but unfortunately, they do delay the contract process. This isn’t about pointing out someone’s mistakes, but merely trying to educate so we…
Read MoreHelp Your Real Estate Agent Help You
Many years ago, before the internet became the new normal, an agent had to hit the streets and the phones to look for business. Fast forward to today, and everything is on the internet for anyone that has the ability to access it. I know what you are thinking…. why should I help my agent?…
Read MoreLets Talk Zillow
Foreclosure, Photos, and Zillow Over the past few weeks, we’ve had an increase in calls, emails and ‘drop-ins’ from property owners expressing outrage that we have “listed their property on Zillow as a FORECLOSURE”. It’s important to understand these property listings are being triggered by Public County Tax Records. Anytime a filing such as a…
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Buying a HUD Home
Buying a home is probably one of the biggest purchases you will make in your lifetime. And if you plan well, you may have multiple real estate purchases in your lifetime. There are many options for purchasing a home. You can go through a licensed real estate agent or purchase from a homeowner that is…
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Buying a HUD Owned Home
What is a HUD Home? A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. Who Can Buy a HUD Home? Anyone who has…
Read MorePitfalls of Buying a Foreclosure
There are of course pitfalls to most things in life and buying a foreclosure is no different. When you are buying a home in general, the buyer needs to be aware of certain things pertaining to buying a home. It’s a big investment for anyone, whether it’s your first home or 100th home. In a typical…
Read MoreShort Sale vs. Foreclosure
After a lot of nudging from my staff, more specifically, my marketing manager, I have finally decided to write a blog about foreclosures in New Jersey. Much of my hesitation was- does anyone really want to hear what I have to say? Day in and day out, my staff listen to me speak to customers,…
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