Buying Foreclosures

MICHELLE BRUNETTI POST Staff Writer

Leading the nation in foreclosure activity and vacant, abandoned “zombie” properties isn’t a good thing.
But it does give Atlantic County residents an opportunity to buy distressed properties at a discount.
“In any market, there is a right price point for people,” said attorney James Schroeder III, of Hammonton, who is also a real estate agent. About half of his law practice is dedicated to helping people avoid foreclosure or protecting their interests while going through it, he said.
He has recently gone into partnership with real estate broker Harry E. Mehlman Jr. to open Cedar Creek Realty LLC in Egg Harbor City.
The real estate agency will specialize in helping people buy and sell distressed properties, the two said
 U.S. Department of Agriculture mortgages are available with no down payment, but only in certain rural areas such as Mullica Township, Egg Harbor City, Buena Vista Township, Folsom, Weymouth Township and Corbin City, Schroeder said.

Entire article at
http://www.pressofatlanticcity.com/atlantic-county-is-a-buyer-s-housing-market-for-distressed/article_4b27d386-1b8b-11e5-8f97-9b5da070090d.html

But it does give Atlantic County residents an opportunity to buy distressed properties at a discount.“In any market, there is a right price point for people,” said attorney James Schroeder III, of Hammonton, who is also a real estate agent. About half of his law practice is dedicated to helping people avoid foreclosure or protecting their interests while going through it, he said.