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In its ongoing mission to provide exceptional service to home buyers, Gloria Zastko, Realtors offers HUD homes through its relationship with the Department of Housing and Urban Development. These are properties that have been foreclosed and now are available to the public. Cooper Ford, Realtor-Associate with the firm who spearheads this initiative, offers his latest HUD listing for sale, located at 106 Benjamin Court in the desirable Dayton section of South Brunswick.  The home offers 3 [...]

Short Sale vs. Foreclosure

New Jersey has one of the highest rates of mortgage defaults.  While some are working through the process of a short sale, others are electing to stay in their home until the foreclosure process runs its course.  So, at the end of the day, if someone is in this situation, which is the better option? KCM posted a great article by Christopher Reale, Director of Short Sale Operations at Lepizzera and Laprocina Title and Escrow Services, comparing the options of short sales and fo [...]

Foreclosures Delinquency Rate on the Decline

Some good news on the foreclosure front.  It seems that the rate of foreclosure delinquencies is on the decline.  Part of the reason this is significant is because these properties tend to drag property values down.  As painful as it is, we need these properties to work through the process in order to have a recovery in our local markets in Central Jersey.  The fact that there are fewer delinquencies is a hopeful sign of better things to come. While national statistics ar [...]

Foreclosures Clear to Resume in New Jersey

For the past several months, the foreclosure process has been held up in the state of New Jersey.  Recently, the New Jersey Superior Court cleared the way for foreclosures to resume.  (Click here for the full article)  Whether you're thinking about buying or selling a home in the next few years in New Jersey, it's important to understand how this development will affect the market and your future plans.  If you have a specific question or would like more information [...]

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