Foreclosures and REO Listings in Medford and Mount Laurel, New Jersey

There are just a handful of listings in Medford and Mount Laurel, 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 Medford and Mount Laurel 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 Mount Laurel and Medford 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 Mount Laurel and Medford that are Foreclosure/REO:

1. 130 N Ohio Trail, Medford, NJ 08055  – 4 Bed and 2.5 Bath, Priced at $190,000

2. 4 Lilac Lane, Medford, NJ 08055 – 4 Bed and 2.5 Bath, Priced at $275,000

3. 614 Hartford Road, Mount Laurel, NJ 08054 – 3 Bed and 2 Bath, Priced at $169,900

4. 117 Preakness Drive, Mount Laurel, NJ 08054 – 5 Bed and 2.5 Bath, Priced at $350,000

All of these above mentioned homes are located in Medford or Mount Laurel, 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 Medford or Mount Laurel to work with a realtor who is experienced in this type of transaction, the local laws and the communities in general.


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