Category Archives: Foreclosures

Are mortgages finally back to a solid level?

From National Mortgage News: Mortgage delinquency rates down annually, a sign of a healthy economy Despite an especially strong hurricane season last year, the national mortgage delinquency rate fell on an annual basis, signaling a healthier economy, according to CoreLogic’s … Continue reading

Posted in Economics, Foreclosures, Mortgages, National Real Estate | 156 Comments

They sound pretty smart to me

From the Times of Trenton: ‘Brazen criminals’ are taking advantage of the housing crisis Brazenness is the hallmark of con artists and nowhere is that more evident than with shameless real estate scammers who rip off unsuspecting renters and property … Continue reading

Posted in Foreclosures, Housing Bubble, New Jersey Real Estate | 248 Comments

Foreclosures spike in NYC?

From The Real Deal: New York City foreclosures are back to financial crisis levels The number of foreclosures in the city continued to climb this year, with Staten Island and Brooklyn seeing the largest upticks in scheduled auctions. In the … Continue reading

Posted in Economics, Foreclosures, NYC | 84 Comments

Will transition to rentership put ownership even further out of reach?

From the WSJ, hat tip hoodafa: Why New Jersey’s Soaring Foreclosures Are Good for the Housing Market New Jersey’s foreclosure crisis is hitting a peak, and that could be a boon for the state’s housing market. While bank repossessions across … Continue reading

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate | 92 Comments

Nothing to see here…

From NJ101.5: NJ foreclosure rate tops the nation in 2017, report finds Nationwide, the seven counties with the worst foreclosure rates are right here in the Garden State. According to online real estate tracker ATTOM Data Solutions, New Jersey had … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate | 155 Comments

In foreclosure … for 10 years

From Curbed: In 2017, NYC foreclosures reached its highest level since 2009 Foreclosures have been on the rise across New York City for a while now but in 2017, the number of cases hit its highest peak in eight years. … Continue reading

Posted in Foreclosures, Housing Bubble, NYC | 267 Comments

So it wasn’t subprime?

From Quartz: House flippers triggered the US housing market crash, not poor subprime borrowers The grim tale of America’s “subprime mortgage crisis” delivers one of those stinging moral slaps that Americans seem to favor in their histories. Poor people were … Continue reading

Posted in Foreclosures, Housing Bubble, National Real Estate, Risky Lending | 88 Comments

New York – Highest Foreclosure Rate in the Nation

CoreLogic released their monthly delinquency data yesterday, deep in there was an important little stat on the overall foreclosure rate, which NJ has been at the top of the charts for the last two years. For at least the last … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 66 Comments

Hide the Zombies?

From the South Jersey Times: Don’t give N.J. zombie homes the upper hand Owing to its ongoing high rate of residential foreclosures, New Jersey has become known the Land of the Zombie Houses. If a just-filed lawsuit succeeds, the zombie … Continue reading

Posted in Foreclosures, New Jersey Real Estate, South Jersey Real Estate | 80 Comments

NJ’s Non-gentrified Urban Future

A glimpse into what NJ’s urban future will look like. Ever increasing property taxes will create a situation where the urban poor can no longer afford to even pay their property taxes, leading to property tax foreclosures in massive numbers. … Continue reading

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate, Property Taxes | 25 Comments

Delinquencies improve, even in NJ

From National Mortgage Professional: Mortgage Delinquencies Dropped to 10-Year Low CoreLogic’s Loan Performance Insights Report shows that in March, nationally, 4.4 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure), … Continue reading

Posted in Economics, Foreclosures, National Real Estate | 54 Comments

Still #1

From HousingWire: Foreclosure filings see slight uptick in May The number of foreclosure filings increased slightly in May, but they are still down significantly from the year before, according to ATTOM Data Solutions. Foreclosure filings in May increased to a … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Risky Lending | 9 Comments

Refis down, foreclosures down, purchases down

From DSNews: First-time Foreclosure Starts Hit All-time Low Both mortgage originations and foreclosures are in freefall, according to the recent Mortgage Monitor report released by Black Knight Financial Services on Monday. Overall originations dropped 34 percent over the first quarter … Continue reading

Posted in Economics, Foreclosures, National Real Estate | 23 Comments

Foreclosure crisis completely behind us now?

From HousingWire: Homeowners keep getting better at paying their mortgage Consumers are steadily getting better at paying their mortgage with fewer and fewer loans moving into foreclosure, according to the Mortgage Bankers Association’s latest National Delinquency Survey. The report found … Continue reading

Posted in Economics, Foreclosures, Housing Recovery | 87 Comments

Fake it until you make it, or lose it again

Or, you just can’t fix stupid. From the NY Post: Repeat foreclosures in the city have reached an all-time high New York homeowners are in default mode — again. The city leads the nation in repeat foreclosure filings And the … Continue reading

Posted in Foreclosures, NYC | 183 Comments