BEST ANSWER
FIRST ANSWER
Mary,
This is a popular question. Foreclosure actually take place when the bank has pursued legal action and taken ownership of the home. These properties are then listed on the MLS. What you'll find more often is what called a short sale. This is a home that is in default of the mortgage or the owner owes more than the house is currently worth. These homes are subject to bank approval. Truth is that a foreclosed home is not always the best deal on the market. To search all the homes for sale in South Jersey go to http://www.YourNJHomeSearch.com The homes are updated daily so you will always be looking at fresh information.
Best Regards,
Jeremy S. Hill, Realtor Associate
Keller Williams Realty
http://www.YourPhillyHomeSearch.com
http://www.SouthNewJerseyHomes.com
Office: 856.685.1651
Direct: 609.876.5817
Fax: 609.482.8235
Licensed PA, NJ
"Your Interest 1st Always
Tue Mar 24 2009, 17:35