List of Barnegat Township Short Sales
At least 12 homes have been identified as Short Sales in Barnegat Township. If you're looking for a great deal on Barnegat Real Estate or Barnegat homes, look no further. If you're not sure what a "short sale" is, look at the bottom of the page for a simple, though far from complete, explanation.
Short Sale Homes in Barnegat is a great way to find a home in Ocean County under market value.
Barnegat gets its name from nearby Barnegat Bay and Barnegat Inlet. The inlet was originally
"Barendegat," or "Inlet of the Breakers," and was named by Dutch settlers in 1614 for the waterway's turbulent channel. Barnegat Township has a total area of 40.8 square miles, of which, 34.7 square miles is land and 6.2 square miles of it (15.09%) is water.
Since 1970, the township's populations has jumped from 1,539 to 22,643 - an increase of 1,371 percent. And the township still has 2,500 to 3,000 housing units already approved that have yet to be built.
Even through the economic downturn, 120 to 150 new homes a year have been built in Barnegat. Development is still very active in Barnegat Township and in all likelihood will continue.
If you're interested in buying, selling or investing in Real Estate in Barnegat, Ocean County or along The Jersey Shore, click on TheJerseyShoreHomeFinder.com and get free access to thousands of home listings, including Shore Sale Homes in Barnegat.
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*A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower.
Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.
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