The number of BANK OWNED FORECLOSURE (REO) AND PRE-FORCLOSURE (SHORT SALE) HOMES FOR SALE IN EGG HARBOR TOWNSHIP, ATLANTIC COUNTY, NEW JERSEY for April, 2011 is very high. Research shows you can save 10-40% over the price of similar properties in normal sale.
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The BANK OWNED FORECLOSURE (REO) homes are already in full possession and ownership of the bank. The property is sold in AS IS condition, and the buyer is responsible for all repairs and inspections. There are many options to finance the purchase of the property with low or no down payment as well as financing for a future repairs.
There is a myth that BANK OWNED FORECLOSURE (REO) AND PRE-FORCLOSURE (SHORT SALE) HOMES are low end, in poor condition and bad locations, but the reality is that FORECLOSURE has effected all price ranges and neighborhoods.
BANK OWNED FORECLOSURE (REO) in Atlantic County, New Jersey for April, 2011
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The PRE-FORCLOSURE (SHORT SALE) HOMES FOR SALE are properties still in possession of their homeowner, who is facing financial hardship paying off the mortgage and owns more to the lender then what the property can sell for. In this situation the owner is asking the bank to forgive the deficiency and accept a price which is less than the debt. That is why those transactions are also known as Subject to tirth party approval.
PRE-FORCLOSURE (SHORT SALE) HOMES IN EGG HARBOR TOWNSHIP, ATLANTIC COUNTY
After all successful buyers in this market are financially able, very motivated adn clear about the buying process. They are armed with solid buying criteria and the very best advice-from an expert agent.
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