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Home : Blogs : Glenn Reiser : New Jersey Real Estate & Foreclosure Blog : Archives October, 2008

New Jersey Foreclosure Investing - 10/22/08 11:24 PM

Buying properties in foreclosure can be a financially rewarding business for the wise and prudent investor, especially in these difficult economic times. It is not, however, a get rick quick scheme that is without pitfalls and dangers.
For the new investor who is looking to purchase a foreclosure property for the first time, it is imperative to verify exactly whether the mortgage that is being foreclosed is a first or second mortgage. Over the years, I have represented several clients who mistakenly purchased a foreclosure property without realizing they were bidding on a second or third mortgage. A simple "present owner" … (9 comments)

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Glenn Reiser

Hackensack, NJ

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LoFaro & Reiser LLP

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New Jersey attorney Glenn Reiser provides insight, news and resources about New Jersey real estate and foreclosure laws.

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