2013 NJ Foreclosure Outlook
Wednesday, December 12
Over the past 2 years, I can't tell you how many times I read an article indicating the 'wave of foreclosures is coming in NJ'...and then nothing. In August 2011, 8 months after the foreclosure freeze, the big news was that the judge appointed to review the 'Big Six' banks foreclosure processes c...
NJ Courts to Lenders: You May Proceed with Foreclosures...
Wednesday, August 17
New Jersey investors, prepare to step off of the sidelines and get back in the game. The REO game, that is. Word came out yesterday that Judge Jacobson has ruled that four major banks can resume uncontested foreclosure actions in NJ. JP Morgan Chase, Bank of America, Wells Fargo and Citigroup ...
NJ Investors: Are You Ready???
Thursday, June 23
Mortgage Lenders in NJ are still wrapped up in court and are not releasing their foreclosed properties to the market until the court is satisfied that the foreclosures are valid. There have been rumblings that they will begin releasing foreclosures to their Real Estate Brokers by July 1st, or...
Buying REO with Financing?
Wednesday, March 09
Are you looking to buy an REO using financing? Find out if the seller offers financing. Often the bank that owns the property will offer financing with some incentives if you go with them for the loan. For example, GMAC Mortgage takes back a property by foreclosure. After the eviction is said...
New Jersey REO's for sale
Friday, January 21
Just a reminder, American Realty Services Group, Inc. lists and sells bank owned property exclusively in NJ. We have 1-4 family properties of all types and conditions. Our inventory is ever-changing. If we don't have the property for you now, we may in the very near future. We have many pro...
Purchasing Bank Owned Property in NJ - Come Quick, and Come High
Wednesday, November 10
Investors are constantly asking me 'Why can't I get my offers accepted by the banks?'. So many investors are making multiple offers on REO properties, and aren't closing on any REO's. The answer is simple: banks are pricing the properties to sell. They are getting close to, if not more, than a...