Category Archives: Foreclosures

Where have all the foreclosures gone?

Posted on January 26, 2012 by grim
Posted in Foreclosures, New Jersey Real Estate | 140 Comments

From the Record: One in 12 N.J. home sales was a foreclosure in third quarter About one in every 12 New Jersey home sales in the third quarter of 2011 involved foreclosed properties — a steep drop from the previous … Continue reading →

Mortgage settlement near?

Posted on January 24, 2012 by grim
Posted in Foreclosures, Housing Recovery, Politics | 166 Comments

From Bloomberg: Bank Foreclosure Deal Reviewed by States as Delaware Drops Out State attorneys general reviewed a proposed settlement with banks over foreclosure and mortgage- servicing practices that negotiators are pressing to complete as Delaware said it would reject a … Continue reading →

Why do we keep believing we can fix housing?

Posted on January 23, 2012 by grim
Posted in Economics, Foreclosures, Housing Bubble, Housing Recovery, National Real Estate, Risky Lending | 153 Comments

From the WSJ: Economists See Ways to Aid Housing Market he underpinnings of a housing recovery are hiding in plain sight: sharp price declines, low mortgage rates and rising rents have made owning more affordable than renting in a growing … Continue reading →

CoreLogic: November home prices down 4.3% (0.6% excluding distressed homes)

Posted on January 10, 2012 by grim
Posted in Foreclosures, Housing Recovery, National Real Estate | 164 Comments

From HousingWire: Home prices decline 4.3% in November: CoreLogic Home prices nationwide fell 4.3% year-over-year in the month of November, according to analytics firm CoreLogic in its November Home Price Index. Santa Ana, Calif.-based CoreLogic said home prices declined 1.4% … Continue reading →

Housing Bailout #307b – “Sacrifice for the greater good”

Posted on January 5, 2012 by grim
Posted in Economics, Foreclosures, National Real Estate, Risky Lending | 220 Comments

From HousingWire: Bernanke calls for nationwide REO rental program The government should consider helping the nation’s vacant, unsold stock of foreclosed properties by supporting initiatives to occupy. Federal Reserve Chairman Ben Bernanke believes that one aspect should be a government … Continue reading →

US Bank vs Guillaume – Serious legal issue or nitpicking over a irrelevant detail?

Posted on December 6, 2011 by grim
Posted in Foreclosures, National Real Estate, New Jersey Real Estate | 79 Comments

From HousingWire: New Jersey foreclosures wait in the wings as court deliberates key case Hundreds of New Jersey foreclosure cases are waiting in the wings for the state’s Supreme Court to issue what will be a landmark decision in the … Continue reading →

Foreclosures? Not in NYC.

Posted on November 29, 2011 by grim
Posted in Foreclosures, National Real Estate | 151 Comments

From HousingWire: NYC foreclosures drop 32% New York City foreclosure filings dropped 32% in the third quarter over last year. Lenders filed 3,168 foreclosures on single-family and multifamily properties during the quarter, according to a study from New York University … Continue reading →

No quick rebound for housing

Posted on November 27, 2011 by grim
Posted in Economics, Employment, Foreclosures, Housing Recovery, National Real Estate | 23 Comments

From CNBC: Housing Prices Won’t Recover Until 2013: Economists U.S. home prices will stagnate through next year and only start recovering in 2013, according to economists polled by Reuters who also felt the stimulus options being floated will not do … Continue reading →

Do foreclosures even matter anymore?

Posted on November 10, 2011 by grim
Posted in Foreclosures, Housing Bubble, Housing Recovery, National Real Estate | 222 Comments

From Bloomberg: Foreclosure Filings in U.S. Rise 7% as Bank ‘Rain Delay’ Eases U.S. foreclosure filings rose 7 percent in October to a seven-month high as lenders started to speed up action against delinquent borrowers after a yearlong review into … Continue reading →

Lenders slow to foreclose after the green light to go ahead

Posted on November 6, 2011 by grim
Posted in Foreclosures, Housing Bubble, Housing Recovery, New Jersey Real Estate | 103 Comments

From the Record: Legal issues slow foreclosures In a small Bergen County courtroom one recent Friday, a sheriff’s officer auctioned off two foreclosed properties in a matter of minutes, as a handful of investors kept their eyes open for bargains. … Continue reading →

Come out, come out, wherever you are

Posted on October 15, 2011 by grim
Posted in Foreclosures, New Jersey Real Estate | 130 Comments

From the NY Times: Many Foreclosures, Few Listings PRICES are down across the board so far this year in urban, suburban, rural and shore areas, in both northern and southern New Jersey — everywhere except areas close to Manhattan commuter … Continue reading →

Q3 foreclosures fall, but indicators point to a jump on the horizon

Posted on October 13, 2011 by grim
Posted in Foreclosures, National Real Estate, New Jersey Real Estate | 147 Comments

From CNN: Foreclosures continue to plague housing market Foreclosures continued to plague the U.S. housing market last quarter, while a a growing backlog has caused the length of the foreclosure process to drag on and on. Nationwide, foreclosure filings totaled … Continue reading →

Bailout attempt #436 – Now we’re getting interesting

Posted on October 6, 2011 by grim
Posted in Foreclosures, Housing Recovery, National Real Estate | 123 Comments

From HousingWire: Bill allows tax-free use of retirement funds for mortgage payments A bill introduced in Congress would allow struggling homeowners to withdraw funds from their retirement accounts tax free to pay their mortgage. Sen. Johnny Isakson (R-Ga.) and Rep. … Continue reading →

Average NJ Foreclosure – 708 days late

Posted on October 4, 2011 by grim
Posted in Foreclosures, New Development, New Jersey Real Estate | 151 Comments

From Bloomberg: U.S. Homes in Foreclosure Average 611 Days Late on Payments U.S. homeowners facing foreclosure were a record 611 days late paying their mortgages on average as legal disputes delayed bank repossessions, Lender Processing Services Inc. said today. That … Continue reading →

RealtyTrac’s Sharga calls bottom (and gets a job at a mortgage company)

Posted on October 3, 2011 by grim
Posted in Employment, Foreclosures, Housing Recovery | 94 Comments

From HousingWire: Housing market hit bottom: former RealtyTrac exec The U.S. housing market hit bottom this year and will remain flat until 2014, when it will start to slowly recover, said Rick Sharga, an executive vice president with Carrington Mortgage … Continue reading →