Foreclosures and Bank Owned Properties in Cherry Hill, NJ

There are just a handful of listings in Cherry Hill, New Jersey that are Foreclosure or REO.  A Foreclosure or REO (Real Estate Owned) listing is one in which has underwent the process of short sale, and the bank now owns the asset.  Of course the bank does not want to keep the asset, as they are in the business of lending money, not maintaining real estate.

These foreclosure listings in Cherry Hill represent great opportunities for those buyers who are looking for a great investment and are willing to put in some work to get the home to their liking.  Although these Cherry Hill homes require some work, in the end it will pay off as you have been able to get a home for less than market value.

Current Listings in Cherry Hill that are Foreclosure/REO:

1. 1504 Martin Ave, Cherry Hill, NJ 08002 – 3 Bed and 1 Bath, Priced at $84,000

2. 103 Rue Du Bois, Cherry Hill, NJ 08003 – 4 Bed and 2.5 Bath, Priced at $119,000

All of these above mentioned homes are located in Cherry Hill, New Jersey and are listed as Foreclosure properties, courtesy of MLS Trend.  Keep in mind when purchasing a home as a foreclosure, the lender is looking for a strong buyer.  The sooner you can close and the higher deposit that you can put down, the more favorable the bank will be in accepting your offer.

It is highly recommended that if purchasing a foreclosure in Cherry Hill to work with a realtor who is experienced in this type of transaction, the local laws and the communities in general.

 

About Jessica JessicaHoltzman

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