If no one buys the home at auction, the bank repossesses it. These are often listed on traditional sites like Zillow or Bank of America's Real Estate Center . 2. The Sheriff’s Sale Process
The path to purchase depends entirely on where the property sits in the legal timeline: how do you buy a foreclosed home in nj
Most New Jersey foreclosures are sold at public auctions held by county sheriffs, such as those in Mercer or Union counties. Sheriff's Foreclosure Sale | Mercer County, NJ If no one buys the home at auction, the bank repossesses it
If the homeowner doesn't cure the debt, the county sheriff auctions the property. This is the most high-risk stage as you typically cannot inspect the interior beforehand. how do you buy a foreclosed home in nj