How to Buy a Short Sale or Foreclosure in Mount Laurel, Medford, Marlton or Cherry Hill

In today’s market, 1 out of 5 homes is in a distressed state, often in many nicer towns including Mount Laurel, Medford, Marlton and Cherry Hill, New Jersey.  For many buyers, it is imperative to find the best deal out there and to get the most house for the money.  For first time home buyers and investors, many potential buyers turn their focus to short sale and foreclosure listings in South Jersey.

What is the difference between a short sale and foreclosure in South Jersey?

A short sale is basically any property that is in the pre-foreclosure stage.  These listings have not yet been taken over from the bank.  Whereas, a foreclosure, or REO listing is one in which the bank now owns and controls the asset.  In South Jersey, there are hundreds of these types of properties.

How do I find Short Sale and Foreclosure Listings?

As a buyer, you have many resources available.  For starters, you will want to work with a local South Jersey realtor who specializes in these types of transactions.  Working with short sales and foreclosures have a few more details to them then a regular transaction, so you want to make sure that the agent you have chosen is a specialist in this field.

For a list of Short Sale Homes and Condos in South Jersey, preview the following Lists below

Short Sale and Foreclosure Homes for Sale in Mount Laurel, NJ

Short Sale and Foreclosure Homes for Sale in Medford, NJ

Short Sale and Foreclosure Homes for Sale in Marlton, NJ

Short Sale and Foreclosure Homes for Sale in Cherry Hill, NJ

 

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