Foreclosure Homes in Little Egg Harbor

By
Real Estate Agent with Keller Williams Realty - Atlantic Shore

Foreclosure Homes in Little Egg Harbor

Homes buyers in Little Egg Harbor, and all over New Jersey, waiting for another wave of foreclosures to hit the housing market might not see the significant rise in foreclosures experts were forecasting.

Ocean County Clerk (http://www.oceancountyclerk.com/)New Jersey is a judicial foreclosure state meaning the foreclosure process has to wind its way through the court system.  As a result the banks have been careful to make sure all their paperwork is complete and accurate which has slowed the process significantly.

In addition, lenders are looking for ways to keep delinquent borrowers from falling into foreclosure.  They are opting to either refinance their loans or agreeing to more short sales where they agree to a sales price that is less than what is owed on the mortgage and , because even the lengthy short sale process is shorter than getting the courts involved and less costly.

Lenders put the brakes on many home foreclosures as their procedures were questioned after the robo-signing scandal came to light in September 2010. The April, 2012 mortgage settlement had cleared the way for them to proceed with foreclosure by laying out clear guidelines on how they could pursue borrowers who had missed payments and clear their backlogs of delinquent loans. 

Find all bank owned homes in Little Egg Harbor and Tuckerton (08087) below.  Some of these properties are not yet listed for sale.

Bank Owned Homes in Little Egg Harbor, October 2012

If you'd like information on foreclosure homes or short sales in Little Egg Harbor, contact Little Egg Harbor REALTOR® Laura Giannotta at 609-384-6121. 

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Rainmaker
734,573
Ed & Tracy Oliva
West USA Realty - Arizona - Fountain Hills, AZ
The Oliva Team Arizona Agents

Hopefully the foreclosures will go away soon,  and we all can get back to a steady way of doing business, good luck with your business,  E

Oct 24, 2012 09:13 PM #1
Rainmaker
4,906,248
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Laura....those who are interested in searching out short sales or bank owned properties in Little Egg Harbor would be wise to call Laura Giannotta for guidance....she has a firm handle on the Little Egg Harbor real estate market.

Oct 24, 2012 09:34 PM #2
Rainer
485,719
Larry O'Sullivan
Sandy, UT

Laura - your reasoned post has placed you as the local expert. You tell the current story well.

Oct 24, 2012 09:35 PM #3
Rainmaker
3,210,803
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

 Today more than ever "only the shadow knows" that shadow inventory...where...when..how much....

 

 

 

Oct 24, 2012 09:37 PM #4
Rainmaker
594,825
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

Ed - I'm not sure that short sales in Little Egg Harbor will go away anytime soon!

Barbara - Thank you!

 

Oct 24, 2012 09:54 PM #5
Rainmaker
594,825
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

Larry - Many buyers are sitting on the fence thinking that there will be a large number of foreclosures at the Jersey Shore.  But the banks are reaching out to home owners and offering short shore and loan moficiations, particilarly on waterfront homes.

Sally & David - ain't that the truth!

Oct 24, 2012 10:18 PM #6
Rainmaker
1,312,785
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Laura, I have seen a decline in foreclosures in my area...short sales have slowed a bit...looking forward to spring for stronger signs of the market turning around.

Oct 25, 2012 06:43 AM #7
Rainmaker
3,978,839
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

WE have heard about a big glut of foreclosed homes to come, but still have not seen them and it has bee 3 yeaers the talk has been going on.

Oct 25, 2012 08:36 AM #8
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Rainmaker
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Laura Giannotta

Your Realtor Down the Shore!
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