New Jersey Foreclosure Market Find Deals Buy Cheap Homes Report Launched

A new foreclosure report focusing on properties in New Jersey has been launched by Segis Group. It was written to provide guidance for anyone looking to find a deal now that foreclosures are increasing at a fast rate.

Teaneck, United States - January 12, 2018 /PressCable/ —

Segis Group, the New Jersey specialist in selling property fast, has launched a new foreclosure report detailing the market for New Jersey. It was written to help offer guidance for homeowners, agents and attorneys who are facing an increasing rate of foreclosure in the local area.

More information can be found at: http://www.segisgroup.com/foreclosure-report

A recent article has been released stating that New Jersey now has the highest foreclosure rate in the nation. It’s this growth in foreclosure that that sees a growing number of people needing guidance when it comes to navigating the foreclosure heavy market.

The report details the number of foreclosure properties filed in the period between 2007 to 2015. It shows that Essex County had the most listed, with 37,706 properties filed for foreclosure. Next up is Bergen County, Union County, Middlesex County, Hudson County, Morris County, and lastly Somerset County, with 6,905 properties.

Today, banks are foreclosing on properties at a faster pace, with some as fast as one year. In addition to this, there is a backlog of foreclosure in the pipeline, with some cases dating back to 2008 and 2009, which should be going to sherrif sale within the next year or two.

With this in mind, the report indicates that there could be an influx of short sales and REOs in the market, as banks start to speed up the foreclosure process. This represents an untapped market for real estate agents or investors looking to find a bargain.

In the recent issue of the foreclosure report, Segis Group details a number of Lis Pendens filings for all of the towns in each county from 2007 to 2016. Interested parties can find out more by signing up using the contact form available on the URL above.

The new report is the latest in a commitment to providing the best quality service for anyone looking for home sale information in the New Jersey area.

Contact Info:
Name: Paul Kim
Organization: Segis Group LLC
Address: 319 Queen Anne Rd, Teaneck, NJ 07666, United States
Phone: +1-201-645-4990

For more information, please visit http://www.segisgroup.com/foreclosure-report

Source: PressCable

Release ID: 286505