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Thursday, July 30
In the first half of 2020, foreclosure rates plummeted by 44% from last year and 54% from the same time period 2 years ago. Foreclosure starts are the lowest since 2nd half of 2005. I wouldn't get too overjoyed with these stats, as foreclosure rates seem to be at their lowest right before the s%!...
Thursday, March 05
Just like the real estate sales market in Bergen County, New Jersey, the house rental market has also seen increases. With very little housing inventory available (especially in first time home buyer ranges under $500,000), some buyers are giving up and renting instead. This is good news for land...
Tuesday, October 18
REO agents in New Jersey on Bigger Pockets, are you noticing an uptick in REO listings? Personally, I have gotten 5 REO listing assignments in the past 2 weeks for a total of 9 now. None of which are actually available on the market yet.As I blogged about previously, the banks I am dealing with a...
Tuesday, August 30
Here in New Jersey, we still have a backlog of foreclosures that haven't hit the market yet. The process to foreclose in NJ can take years. I currently have an REO assigned to me that the occupant hasn't paid his mortgage in 7 years! And then they give them Cash for Keys to move out!Well there se...
Saturday, June 25
Investors, make sure you aren't relying solely on your local MLS to find your next deal. Here in Bergen County, NJ, we still have a glut of foreclosures in the system. However, once they hit the MLS, they are fully exposed to the market and often being bid up over the list price. I have been warn...
Tuesday, February 03
If I meet any people who are interested in real estate investing, the first place I tell them to go is Bigger Pockets! The site is invaluable not only for all the information it provides, but more importantly, the connections you make here.As an investor friendly real estate agent in Bergen Count...
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