Category Archives: Foreclosures

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

…except here

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

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

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!

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

Posted in Foreclosures, New Jersey Real Estate | 173 Comments

Christie kicks the can

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?

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

The Foreclosure State

From NJ Spotlight: New Jersey Still Bogged Down in Foreclosures While Rest of Country Recovering Housing markets have improved and foreclosure numbers dropped across the country since the Great Recession, but a decade on, New Jersey remains mired in a … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 43 Comments

Foreclosure City

From the Press of Atlantic City: Foreclosures continue to plague housing market in Atlantic County To Dan Boddy, a veteran real estate agent based in Galloway Township, mortgage foreclosures aren’t just a key part of the Atlantic County housing market. … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 17 Comments

It’s not a problem if you ignore it

From NJ101.5: Will NJ’s foreclosure mess get cleared in 2017? Looking at 2016 as a whole, New Jersey performed horribly in the area of foreclosures. These in-limbo properties can have a drastic effect on the value of your home, and … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 48 Comments

November foreclosure inventory down 30%

From Corelogic: CoreLogic Reports 26,000 Completed Foreclosures in November 2016 CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its November 2016 National Foreclosure Report, which shows the foreclosure inventory declined by 30 percent … Continue reading

Posted in Foreclosures, National Real Estate | 108 Comments

HAMP v2

From Bloomberg: Fannie and Freddie Outline New Respite for Troubled Borrowers Distressed mortgage borrowers will get a new lifeline from Fannie Mae and Freddie Mac after a critical foreclosure-prevention program expires this month. The mortgage-finance giants on Wednesday outlined a … Continue reading

Posted in Foreclosures, Mortgages, National Real Estate | 90 Comments

Foreclosures rise in Bergen, fall in Passaic

From the Record: New Jersey leads nation in foreclosures New Jersey leads the nation in foreclosure activity, as the state continues to unwind the mortgages that went bad in the worst housing crash in decades. One in every 598 Garden … Continue reading

Posted in Foreclosures, New Jersey Real Estate, North Jersey Real Estate | 63 Comments

Foreclosures continue five year decline

From 24/7 Wall Street: October Foreclosure Inventories Highest New York, New Jersey, Hawaii In the month of October, 30,000 U.S. home foreclosures were completed, down 3.6% month over month and down 24.9% from a total of 40,000 in October 2015, … Continue reading

Posted in Foreclosures, National Real Estate | 77 Comments