Foreclosures Help Information

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New Jersey Foreclosed Homes

Question: Can someone tell me how Just Cause Evictions work in NJ?

How do just cause evictions work in new jersey? If a renter lives in a single family home that is going into foreclosure...the renter can not be evicted, correct?

I am under the assumption that once the home does foreclose, the bank then becomes the landlord for the remainder of the lease? (the lease that was signed with the previous owner, whom has now foreclosed).

Has anyone heard of this? Any weblinks would be good...

And please, no silly comments or answers...
ok reeneez and 9 daughters are wrong....in most states this would be true, but I KNOW, nj has some different laws about this...

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Answer: Everywhere I know of, when the lender forecloses it voids your rental contract and you're outta there.

Here's why. When a bank forecloses they have to get rid of the property. They can't keep it and just become the new landlord. They're not in the landlord business and don't want this repsonsibility.Homes sell better if they're vacant too and the bank has to make its best effort to sell the home so the bank usually gives the tenants notice immediately. If your family is a fourplex or something where it's not likely to be owner-occupied the bank may not give the tenants notice because the buyer will probably want those tenants but, in your case, you say you're in a single family home so that wouldn't apply.

Sorry.

New Jersey Foreclosed Homes - NJ

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New Foreclosed Homes

If you're considering buying a new home for your family or making a real estate investment, don't let the high costs deter you! Even though it's a tough time for many families financially, there are all kinds of opportunities for discounted home purchase when you look at foreclosed homes for sale.

Foreclosed homes for sale don’t get a lot of attention from real estate agents or other sources because they are being sold as repossessions by mortgage lenders. However, in almost all cases they are the exact same kinds of properties that end upon the open market. Some may need a small amount of work before they're ready fro resale, but the incredible savings you stand to gain by buying foreclosed homes for sale certainly outweighs any expenses you may need to make.

Buying foreclosed homes for sale often nets buyers savings of up to 50% off market value, and right now, the market for these incredible buying opportunities is huge. The country is experiencing a foreclosure boom in which the national inventory of these properties is increasing every month, which is driving down prices on foreclosed homes for sale in all regions. This may be the best chance for a good investment value the real estate market has left these days.

To get listings for foreclosed homes for sale, checkout ForeclosureSupport.com. They offer some of the freshest listings available, and provide great advice on buying for all levels of experience.

About the Author:

Philip Smith has been educating buyers on the finer points of Foreclosed Homes for sale purchase at ForeclosureSupport.com for over four years. Click here to visit and read more advice on buying discount real estate.

Source - Buying Foreclosed Homes for Sale: Finding Savings

Foreclosed Homes Trashed

New Foreclosed Homes For Sale

Question: In Fremont, California. If my house foreclosed. Can I buy back from lender or new buyer within certain time.?

Some one told me I can buy back my lender foreclosed home. Within 45 days after auction sale. Please help. Home was in Fremont California. 7-23-09

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Answer: Yes, you can. You do not really buy it, you reclaim it. You have to pay off your original loan, and all of those legal fees.

You have 6 months from your foreclosure date.

Las Vegas Custom Foreclosure Home-1/2 Acre-Brand New!