New Jersey currently has over 4,000 zombie foreclosure properties, highest in the US
The foreclosure crisis in New Jersey is creating unique opportunities for buyers of distressed properties, whether seasoned investors or first-time buyers. Zombie properties are houses that have been vacated before the foreclosure process is completed, leaving these properties vacant. A full 21% of the total zombie properties nationwide are located in New Jersey.
New Jersey had a 22.57% foreclosure rate increase and has the 2nd highest foreclosure rate in the nation, according to an October report | Patch.com
Additionally, New Jersey leads the nation in average time to complete a foreclosure filing, so the window of opportunity for buyers to make an offer to the lender is greater than in other states. Dash Farrow can guide you through the purchase of a zombie property before the foreclosure process is complete. When pursuing the purchase of a vacated property that is in foreclosure, finding the right attorney with the specific background and knowledge necessary to represent your best interests is vital.
Dash Farrow, LLP specializes in and leads the way in assisting buyers in the purchase of foreclosure properties prior to sheriff’s sale
Seeking legal advice from an experienced New Jersey attorney is essential. Dash Farrow, LLP, provides personal attention to every matter, and a high degree of responsiveness throughout the process. We take pride in minimizing transaction time, while ensuring client needs are met every step of the way. Trust our experienced team of real estate attorneys when attempting to purchase a distressed property in New Jersey
When you need experienced, focused, and responsive legal real estate counsel:
CALL DASH FARROW, LLP