Pros and Cons of Buying a Foreclosed Home

You probably don’t need to be told twice that purchasing a foreclosed home can be a high risk venture. Perhaps you’ve already looked through some foreclosure listings and found something that has piqued your interest, and you’re looking to be talked into purchasing it- or talked out of it. Buying any home is not a…


Foreclosure Rate Highest In New Jersey For 2017

New Jersey had the highest rate of foreclosure filings in the United States for 2017, according to a new report. The total number of housing units with foreclosure filings in New Jersey for the year represented 1.61 percent of total housing units in the state, but overall the number of foreclosure filings decreased compared to…


Court Approves Profit Sharing in Tax Sale Foreclosures Under ‘Flexible’ Standard

A New Jersey appeals court has ruled that an intervenor in a tax sale foreclosure may become a party to the proceedings by offering a profit-sharing deal to the distressed property owner. The appeals court in FWDSL & Associates v. Berezansky affirmed a Somerset County ruling in favor of an intervenor, Bandi Property Group. The…


Q3 Foreclosure Filings at 11 Year Low

Down 13% from Q2 and 35% from a year earlier. Foreclosure filings fell to an 11 year low in Q3 2017. A total of 191,824 U.S. properties were hit with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the third quarter, down 13% from the previous quarter and down 35% from…