Foreclosure in New Jersey>Question Details

Manoj Tewari,  in 10022

how can I get hold of foreclosure listings in New Jersey... if you have access to them....I'd like to know

Asked by Manoj Tewari, 10022 Thu Jul 10, 2008

what's out there for sale as a forclosure property; I'd like to buy foreclosed properties in areas like Alpine, Englewood cliff, Rutherford, Tenafly, Glouster in that order...

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0 votes Thank Flag Link Mon Jul 28, 2008
I know a lot about short sales and have done many transaction both on the buy and sale side. If you are looking for an investment I would strongly advise you to go for them, if you are looking for buying it as a first home I would discourage you. It is a frustrating process. I do specialize in central jersy and freehold is my area on realty trac. Any way give me a call if you need more information, I would love to share the information I have. 908-770-5999
Web Reference:
0 votes Thank Flag Link Thu Jul 24, 2008
0 votes Thank Flag Link Thu Jul 24, 2008
Manoj, Realtytrac is not a bad site for starters, but at times they are a little slow in updating there info, you need to target these properties in preforeclosure stages go and get info on the properties in public records to see which attorneys office filed lis pendens and inquiry whether the property has been reinstated, 80 percent of the time the attorneys will give a party of interest information , but do not contact the bank they are not permitted to give you that information, normally it would take 3 to 4 months before it gets into the sherriffs hand, but if they do tell you the property is still in the pre foreclosure stages then you have to try and contact the owner to see if they are interested in selling it either by phone or a knock on the door, if you do go in person be prepared you may not get the welcome treatment, let s say your dealing with a pre foreclosure which the homeowner used his equity of his home like a credit card, in a case like this you would need to contact a realtor who spealizes in short sales try to get someone who has alot of experience, and in a short sales transaction the bank usually covers the realtors commission.
0 votes Thank Flag Link Sun Jul 20, 2008
Try Realtytrac or hook up with a local realtor who can search the MLS in those areas for you.
Web Reference:
0 votes Thank Flag Link Fri Jul 11, 2008
There are several web sites that will provide you with information about homes in various stages of the foreclosure process. There is a charge to access these listings and they are not always up to date. Another option is to check on your county's website.
If you use your local MLS look for properties they say REO or mortgagee approval required.
0 votes Thank Flag Link Fri Jul 11, 2008
Why don't you check your MLS service regarding foreclosures,
0 votes Thank Flag Link Thu Jul 10, 2008
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