Foreclosures are properties owned by mortgage lenders because the original owner defaulted on the loan payments. Generally speaking, the mortgage lender initiates the foreclosure process after three months of non-payment by the borrower. The Nicosia Team specializes in representing buyers and investors of the following 3 types of foreclosure properties:
Foreclosure's usually represent great deals on housing, but are by no means for the faint of heart. Buyers and investors of foreclosure's are typically (but not always) purchasing the property with cash, or have a lot of cash on hand to handle the repairs and renovations that most foreclosure properties require. Traditional Conventional, FHA and VA financing usually will not work with a foreclosed property, because the typical condition of a foreclosure will not pass the strict appraisal/inspection process associated with Conventional, FHA and VA loan programs. But if cash is not an option, other renovation loan programs exist such as FHA 203k and the Homepath Renovation Mortgage (for use on Fannie Mae Foreclosures only). Some of The Nicosia's Team's trusted loan officers also offer Conventional Renovation Loans, contact us directly for details on these programs.
Enjoy one floor living in National Park. Three bedrooms and a full basement. Close to school and shopping. Year built 1986. Insured with Escrow Repairs (IE). Eligible f...
Listing courtesy of Avalar - Atlantic Properties.
PLEASE HAVE YOUR HIGHEST AND BEST OFFER SUBMITTED NO LTER THAN APRIL 19 9 AM. ALL OTHER BIDS WILL BE FOR BACKUP CONSIDERATION ONLY. Investor alert! 3 Bedroom with one an...
Listing courtesy of Century 21 Alliance-Pemberton.
Great opportunity to own this 3 bedroom, 1 bath Cape Cod in the quiet wooded community of Southampton. House features generously sized bedrooms, a living room, kitchen an...
Listing courtesy of Vanguard Realty Group Inc.
Players Place Condominium unit that features 2 bedrooms and 2.5 bath on premium lot with approximately 1257 square feet of living space! TONS of Potential! Being sold AS ...
Listing courtesy of At Brokers LLC.
Looking to start your business, relocate your business or start a gym/fitness center than this Masonry Building is sure to suit your needs. With parking for 25+ car, rec...
Listing courtesy of Coldwell Banker Excel Realty.
Property is being sold in as is where is condition, property is being sold with existing occupants. Transfer Tax will be split between buyer and seller. Buyer is responsi...
Listing courtesy of Compass New Jersey, LLC.
Looking for a great opportunity? Look no more! This property has tons of potential, this home is average in living space size for the neighborhood. This home has ton...
Listing courtesy of REALHome Services and Solutions, Inc..
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