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.
Walk into the living room. The kitchen had plenty of cabinet space. All showings are subject to the state’s COVID-19 orders, recommendations, guidance, MLS board guide...
Listing courtesy of Brown Realtors.
Affordable and immediately available! If you are looking tor your next opportunity to invest in real estate, take advantage of this opportunity for instant equity. This...
Listing courtesy of Century 21 Advantage Gold-Cherry Hill.
This property is being sold as is. The Buyers is responsible for any and all repairs, inspections, certifications and C/O.
Listing courtesy of Brown Realtors.
Two bedroom one bath 2nd floor condo. Spacious Living room , kitchen and dining area large laundry area. This is an affordable housing unit. All buyers must be approved b...
Listing courtesy of Cityside Management Corp.
Rehabbers Dream in Idyllic rural setting this Cape Cod features spacious rooms, four bedrooms, a half-acre lot, oversized detached two-car garage. Bring your creative vis...
Listing courtesy of Keller Williams Realty - Moorestown.
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.
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 & Solutions Inc..
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