Foreclosure Investing in NJ - From The Star Ledger
The Star Ledger today has a big and informative story today about investing in foreclosed properties in the Garden State. (In other news, the Asbury Park Press is reporting on the front page that Truman has dropped an atomic bomb on Japan.)
Snip...
"In New Jersey, the number rose to 3,055, from 2,832. Currently one house in every 1,084 in New Jersey is in foreclosure.
Andrews, who founded his real estate firm Dreambuilder Investments in 2002, takes these types of problem loans off a bank's hands.
When he gets wind of the walking wounded, he zeros in on banks holding second mortgages and tries to strike a deal."
Start of Article
Snip...
"In New Jersey, the number rose to 3,055, from 2,832. Currently one house in every 1,084 in New Jersey is in foreclosure.
Andrews, who founded his real estate firm Dreambuilder Investments in 2002, takes these types of problem loans off a bank's hands.
When he gets wind of the walking wounded, he zeros in on banks holding second mortgages and tries to strike a deal."
Start of Article
posted by Little_Silvered at 10:15 PM
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