Category Archives: Foreclosures

The “fix” is easy

The fix is to allow lenders to foreclose without requiring approval of the judiciary, everything else is a gimmick and give-away, like this from NJ101.5: HOW CAN WE FIX SOUTH JERSEY’S TROUBLING FORECLOSURE MESS? A new report finds the foreclosure … Continue reading

Posted in Economics, Foreclosures, South Jersey Real Estate | 64 Comments

Foreclosure problem, or borrowing problem?

From MarketWatch: A decade after the housing crisis, foreclosures still haunt homeowners Maria Landi, a 75-year-old retired insurance specialist, and her husband John, had been making payments on their East Brunswick, New Jersey home for 40 years when Wells Fargo … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate | 98 Comments

We’re #1! In flipped properties.

From NJ101.5: Home flipping down, but not in New Jersey Home “flipping” — buying and selling a dwelling quickly after renovations for a profit — is slowing in most parts of the country. But flipping activity in New Jersey is … Continue reading

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate | 64 Comments

Plenty of room to run?

From CNBC: The housing recovery isn’t over, it just feels like it is A slew of negative housing numbers for July are piling up on top of a slew of negative housing numbers from the last several months. Sales of … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, National Real Estate | 50 Comments

Will we ever get through the backlog?

From NJ101.5: NJ still the worst state for foreclosures As we move further away from last decade’s housing crisis, its lingering impacts on the real estate market are dwindling. But the Garden State still can’t escape its role as the … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate | 100 Comments

What’s going on in Brick?

From the Shorebeat blog: Brick Has a Major Foreclosure Problem on Its Hands Brick Township’s foreclosure rate is nearly double the state average and five times as high as the national average, leading Brick officials to contract with a firm … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 78 Comments

Glimpse into the future: NJ coming for your house

What happens when NJ can’t afford to pay it’s own taxes anymore? Rampant (fraudulent?) mismanagement of assessments? Detroit offers a glimpse into what to come in NJ. From the Detroit News: Study: Bad assessments prompt 10K Detroit foreclosures One in … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate, Politics, Property Taxes | 104 Comments

Housing market got it’s swimmies back

From CNBC: US homeowners gained $1 trillion in the last year as their housing values jumped Fast-rising home prices may be a roadblock for buyers, but they are putting some homeowners on Easy Street. As home prices rise, so does … Continue reading

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate | 77 Comments

Another Strong Spring Market

From the Otteau Group: MarketNEWS May 31, 2018 Edition NJ YTD Purchase Contracts Back Up After home sales recorded a 6% retraction in March, New Jersey recorded more than 11,000 purchase contracts during the month of April equating to a … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, New Jersey Real Estate | 137 Comments

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