The real issue is what do you mean by a foreclosure. There are 3 foreclosure related opportunities to purchase a home in New Jersey: Short Sale (PreForeclosure), Sheriff Sale (the actual Foreclosure) and an REO/bank owned (Foreclosed and the lender ended up with the home). I discuss all of these and more in my Free Short Sale and Foreclosure seminars in Mountain Lakes. The next one is Feb 13 if you can attend. For information:
It can talke 45 days. You need to be in touch with a Realtor that handles these transactions, knows what to ask and how to be pro active inthe process. Yes, anyone can sell you a foreclosure, but those that have the experience in these transaction get to the finish line faster.
Give a call or email and lets discuss what properties you are looking at!
Broker / Manager
Orange Key Realty
So, where in the foreclosure process do you want to start counting the time? And, are you a cash buyer or need a loan? And then, do you have money to repair or need a rehab loan? Call anytime to chat about it.
Weichert Realtors- Upper Montclair
973 632 8593
Keller Williams Realty-Atlantic Shore
Simple answer 6 months to 2 years.