What is a Pre-Foreclosure in New Jersey?

With millions of homes across the country going into pre-foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in New Jersey anyway? Many homeowners across America and New Jersey are facing difficulties making their monthly mortgage payments. New Jersey is one of the leading states in the … Continued

Short Sale vs. Foreclosure – What’s the Difference?

Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure In ? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If you … Continued