The M&M Contractor for New Jersey HUD homes is NHMS.
There are not many New Jersey HUD foreclosures.
The New Jersey HUD homes website is fairly easy to use. Just click on the city or county you want to see a New Jersey HUD foreclosure.
This website has photos of New Jersey HUD homes; some of the M&M Contractors websites across the country don’t have photos on their listings.
Once you have located the New Jersey foreclosure that you are interested in, click on “Property Details.” This will give you a wealth of information on New Jersey HUD foreclosures.
It will tell you the age, size, and any inspection reports that NHMS has done on the property. This is important information to have when you buy a New Jersey HUD foreclosure.
It will also tell you if you can do FHA financing or if it is 203K eligible. Browse my website for more information on FHA financing and 203K loans.
You may also find a “Property Condition Report.” This report is similar to an home inspection, but you still should have your own inspection done. Property Condition Reports will give you a good idea before you buy HUD homes about the condition of the properties.
If you do find a New Jersey foreclosure you want to summit a bid make sure you find a real estate agent that is experienced in HUD foreclosures. An inexperienced agent in buying HUD houses will cost you a lot of money in mistakes.
After you are done looking for New Jersey HUD homes, please browse my website for information on how to buy HUD homes for sale.