Category Archives: Foreclosures

So it wasn’t subprime?

Posted on August 31, 2017 by grim

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

Posted on August 9, 2017 by grim

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?

Posted on July 11, 2017 by grim

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

Posted on July 9, 2017 by grim

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

Posted on June 14, 2017 by grim

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

Posted on June 13, 2017 by grim

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

Posted on June 5, 2017 by grim

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?

Posted on May 17, 2017 by grim

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

Posted on May 9, 2017 by grim

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

…except here

Posted on April 15, 2017 by grim

From MarketWatch: Foreclosure activity drops to pre-recession levels nationwide Chances are slim that a new foreclosure sign was posted on your block. The number of foreclosure filings, which include default notices, auctions and bank repossessions, dropped 19% nationwide from a … Continue reading →

Posted in Economics, Foreclosures, National Real Estate | 29 Comments

Good way to kill mortgage lending in NJ

Posted on March 23, 2017 by grim

From the Observer: Murphy Goes Anti-Wall Street With Foreclosure Proposal The leading candidate in New Jersey’s gubernatorial race proposed having Wall Street banks pay for the conversion of foreclosed homes into affordable housing with millions of dollars in federal mortgage … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Politics | 81 Comments

10 years after the foreclosure crisis

Posted on March 15, 2017 by grim

From DS News: The Foreclosure Crisis: A Retrospective On Tuesday, CoreLogic released a report titled “United States Residential Foreclosure Crisis: Ten Years Later” to examine how the country has handled and recovered from the foreclosure crisis in the years since. … Continue reading →

Posted in Foreclosures, National Real Estate | 61 Comments

So Close!

Posted on February 17, 2017 by grim

NY State on the verge of taking the #1 foreclosure spot:

Posted in Foreclosures, New Jersey Real Estate | 173 Comments

Christie kicks the can

Posted on February 14, 2017 by grim

From the Star Ledger: Christie signs bill to give Sandy victims some protection against foreclosure New Jersey homeowners facing foreclosure while they’re still trying to rebuild from Hurricane Sandy now can be protected from losing their homes. A bill signed … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 408 Comments

Foreclosure auctions beginning to normalize?

Posted on February 2, 2017 by grim

From HousingWire: Third-party sales at foreclosure auctions now higher than ever Investors are undaunted by rising home prices and increasing interest rates, and perhaps even encouraged by it, as the share of third-party sales at foreclosure auctions reached a new … Continue reading →

Posted in Foreclosures, National Real Estate | 147 Comments