Foreclosure grab blows up in face of investor
New Jersey's foreclosure market is hot. Not in a good way. There are still many homeowners who cannot maintain their mortgage payments. The result is a foreclosure action and loss of home.
This case, Wells v. Walker, involved a speculator who knew more than he let on. He convinced the foreclosed owner to deed the property to him knowing there was a lot of money to be obtained through surplus money proceedings.
The investor loses.
The moral, in the marketplace the bears sometime eat, sometimes it's the bulls. But the pigs, they get nothing.
For your real estate purchase or mortgage refinance or
if you have questions about what you see here, contact
Stephen M. Flatow, Esq.
Vested Land Services LLC
165 Passaic Avenue, Suite 101
Fairfield, NJ 07004
Tel 973-808-6130 - Fax 973-227-0645
E-mail sflatow@vested.com
@vestedland
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