If there is one tool you could no longer live without, that’s online New Jersey Foreclosure Listings. New Jersey is one state bearing the full brunt of the national slump in housing sales. Many experts are predicting that the state slump will worsen, and as mortgage lenders stop writing risky loans, more houses in foreclosure will compete for fewer first time home buyers or new investors.

Expect less competition from family home buyers and more from investors returning to the market. That’s the word out to investors looking to buy foreclosures for rental property income. Particularly to fill a big gap in the affordable rental market.

With over 70,000 family homes up for sale state-wide, it’s a great market for buyers. Today’s buyers are bargain hunters. They are buyers with pristine credit records, cash to spare for hefty deposits, essential repairs, and holding costs and know that New Jersey foreclosures will yield bargains.

Finding the newer foreclosures filings quickly, from your desk, with essential details of liens and defaults, and in your desired location, gains you a significant advantage over others who curb crawl or door knock in the hope of identifying borrowers on the brink of foreclosure. You need a head start over the more experienced investors who want to negotiate directly with the owner/borrower in pre foreclosure, all looking for the diminishing number of properties with a little equity. Numbers of foreclosures passing into Lenders’ inventories, having failed to sell at or before auction, are small in New Jersey, suggesting that in spite of the housing slump locally, buyers are successfully concluding deals in the pre foreclosure stage. This also suggest the sellers in financial distress are highly motivated to avoid the blemish of foreclosure on their credit records, and are agreeing to good discounts in order to sell within the notice period. You know where your time is best spent; getting off to a fast start, at your desk.