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Thinking about buying a foreclosure property at a sheriff sale or auction? Before you dive in, there are some key things you need to know. Buying a foreclosure can be a great opportunity, but it comes with its risks, complications, and unique challenges. In this video, I'll break down everything you need to understand before purchasing a foreclosure in New Jersey, including: How sheriff sales work and what you can expect The cash-only requirement and in-person attendance Risks like outstanding liens, redemption periods, and possible sale reversals The challenges of purchasing short sales and pre-foreclosures Why buying a foreclosure might not make sense for most buyers I'll also explain why seasoned investors may be better suited for these types of purchases, and what first-time buyers should consider before jumping in. This is a must-watch if you're thinking about getting involved in foreclosure sales, short sales, or pre-foreclosures! Don't miss out on this essential information. Make sure you're fully prepared before taking the leap. Want to know more or get professional guidance? Contact me directly! Jennifer A Blanchard Realtor | Sales Associate The Blanchard Team Cell: 908-432-0318 Email: jennifer.blanchard@foxroach.com Website: https://www.theblanchardteam.com/ Berkshire Hathaway HomeServices Fox and Roach, Realtors 665 Martinsville Road | Basking Ridge, NJ 07920 Office: 908-580-5000 #movetonj #njrealestate #baskingridgenj #Foreclosures #RealEstateInvesting #SheriffSale #ShortSale #PreForeclosure #NewJerseyRealEstate #RealEstateTips #investmentproperties #HomeBuyingTips #RealEstateAuction #ForeclosureTips #RealEstateMarket #InvestInRealEstate #NJRealEstate #biddingwars #homebuyingadvice