From the Record:
A single mom is trying to keep her Tilden Avenue home by selling some of the things in it.
Karen Simmons-Braswell, who bought the white colonial-style home in December 2006, held a yard sale Saturday to raise money to help with house payments that are in arrears. The sale continues today.
“It’s a small start, but a start,” Simmons-Braswell, 43, said of the effort to save the house. “I’m praying that there’s a miracle with my name on it.”
Simmons-Braswell is one of many New Jerseyans struggling. The number of New Jersey homes going into foreclosure for the first time was up 45 percent in the first half of the year, compared with the same period in 2009, said Jeffrey Otteau, an East Brunswick real estate analyst and appraiser.
Unemployment remains high, job creation has been slow and banks and investors in mortgage funds “are becoming more proactive in terms of initiating foreclosure actions,” he said.
Simmons-Braswell, who has two sons, received a foreclosure intention notice in May. She said she is behind on her mortgage with EMC Mortgage Corp. by about 15 months and owes an estimated $60,000.