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 I'll post and update this page with foreclosed property purchase information: If you have tips, you are welcome to comment. Via Quora responses at: https://www.quora.com/What-is-the-process-for-buying-a-foreclosed-home Here is some quotes taken from the above link: note that they are responses from 2013 and 2014 - if there are much updated information, it would be helpful Sean OToole , Broker, Investor, Speaker, Market Analyst, CEO of PropertyRadar Answered May 1, 2014 With regard to a "foreclosed" home, which means it is now owned by the bank, it is exactly like buying any other home with a couple of key differences: 1. The seller is a bank. They tend to be less responsive so don't expect a quick response to your offer, or to any issues that come up during escrow. 2. The seller has never lived in the property. As such their disclosures about the property are worthless, and they are going to make you sign something saying that you acknowledge that. Ultimatel...

   ========================= Sept 23 2020 updated info: Who gets the house? An overview of New Jersey’s marital property laws New Jersey has specific laws that determine what property may be divided in a divorce and the factors a judge may consider when doing so. Of the many aspects of a divorce that people in New Jersey consider, the division of property is one of the most complicated. There are state laws that dictate roughly how the process goes, though the courts have some discretion based on a number of factors.   read additional info  =======================   When you get married, property acquired during the marriage is generally called "marital property ." In contrast, property that is acquired by one spouse before marriage, as a gift, or as an inheritance, is referred to as “ separate property .” This property remains separate upon a divorce, and the court will not ..   New Jersey Marital Property Laws ...