New Jersey State Center Wiki: The Real Scoop On Guides To Buying New Jersey Foreclosed Homes | ||||
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The Real Scoop: Guides To Buying New Jersey Foreclosed HomesDespite their claims, the New Jersey guides to foreclosed homes in New Jersey don't contain specific information about dates and locations of foreclosure auctions.The fact is that most well-maintained New Jersey homes sell for close to their appraised value. The New Jersey houses that sell for significantly lower prices often are in disrepair or in unstable New Jersey communities. In addition, New Jersey's foreclosed homes are sold "as is." They don't come with inspections, disclosures, or warranties. Sellers of foreclosed homes in New Jersey, such as courts and banks and other lien holders, aren't required to disclose any problems. Buyers, particularly those who don't pay for a professional New Jersey home inspector before closing on the deal, may find themselves mired in unanticipated repair bills.
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Interesting fact: Source: Louisiana State Center
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