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    Quick Search Foreclosures

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    Looking For a Deal Of a Lifetime?

     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:

     

    1. REO's - stands for "Real Estate Owned", these properties are owned by the bank, savings and loan, or other lending entity. REO Foreclosures are listed for sale by local real estate agents, like The Nicosia Team, and appear on our website the same as any other listing.
    2. Fannie Mae Foreclosures - these are bank owned properties in which the original owner purchased the home with a conventional mortgage loan that was insured by Fannie Mae. Fannie Mae Foreclosures primarily appear on Fannie Mae's website, www.homepath.com, before being pushed to our website.
    3. HUD Foreclosures - these are bank owned properties in which the original owner purchased the home with a government mortgage loan (such as FHA or VA) that was insured by HUD, The United States Department of Housing and Urban Development. HUD Foreclosures primarily appear on HUD's website, www.hudhomestore.com, before being pushed to our website. 

     

    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.

    Cheap Foreclosures

    1980 Pine   Street, Sicklerville, NJ image
    1980 Pine Street, Sicklerville, NJ $115,000

    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...

    • 3 Beds
    • 1 Baths
    Courtesy of Brown Realtors

    Listing courtesy of Brown Realtors.

    422 E Academy   Street, Clayton, NJ image
    422 E Academy Street, Clayton, NJ $89,900

    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...

    • 3 Beds
    • 2 Baths
    Courtesy of Century 21 Advantage Gold-Cherry Hill

    Listing courtesy of Century 21 Advantage Gold-Cherry Hill.

    2 Normont   Lane, Willingboro, NJ image
    2 Normont Lane, Willingboro, NJ $108,900

    This property is being sold as is. The Buyers is responsible for any and all repairs, inspections, certifications and C/O.

    • 3 Beds
    • 2 Baths
    Courtesy of Brown Realtors

    Listing courtesy of Brown Realtors.

    34 Manor   Drive, Burlington, NJ image
    34 Manor Drive, Burlington, NJ $79,900

    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...

    • 2 Beds
    • 1 Baths
    Courtesy of Cityside Management Corp

    Listing courtesy of Cityside Management Corp.

    107 Barker   Avenue, Bridgeport, NJ image
    107 Barker Avenue, Bridgeport, NJ $119,900 ▼

    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...

    • 4 Beds
    • 2 Baths
    Courtesy of Keller Williams Realty - Moorestown

    Listing courtesy of Keller Williams Realty - Moorestown.

    257 Hooker   Street, Riverside, NJ image
    257 Hooker Street, Riverside, NJ $145,500

    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...

    • 2 Beds
    • 1 Baths
    Courtesy of Compass New Jersey, LLC

    Listing courtesy of Compass New Jersey, LLC.

    4002 Aberdeen   Lane, Blackwood, NJ image
    4002 Aberdeen Lane, Blackwood, NJ $145,500

    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...

    • 2 Beds
    • 3 Baths
    Courtesy of Compass New Jersey, LLC

    Listing courtesy of Compass New Jersey, LLC.

    111 Washington   Avenue, Winslow, NJ image
    111 Washington Avenue, Winslow, NJ $143,000

    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...

    • 3 Beds
    • 3 Baths
    Courtesy of Realhome Services & Solutions Inc.

    Listing courtesy of Realhome Services & Solutions Inc..

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    © 2021 TReND. All Rights Reserved.
    The data relating to real estate for sale on this website appears in part through the TReND Internet Data Exchange (IDX) program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Real Estate Company participates, and is provided by TReND through a licensing agreement. Real estate listings held by brokerage firms other than Real Estate Company are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
    All information provided is deemed reliable but is not guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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    Rocco Nicosia - Featured Agent 

    South Jersey Specialist

    9000 Lincoln Dr, E., Suite 120
    Marlton, NJ 08053
    Cell 609-841-8742
    Direct 856-322-0200 x386

    license# 1224117

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