Category Archives: Foreclosures

Will we ever get through the backlog?

Posted on July 16, 2018 by grim

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?

Posted on July 11, 2018 by grim

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

Posted on June 16, 2018 by grim

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

Posted on June 9, 2018 by grim

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

Posted on June 1, 2018 by grim

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?

Posted on May 10, 2018 by grim

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

Posted on April 19, 2018 by grim

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?

Posted on April 9, 2018 by grim

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?

Posted on March 5, 2018 by grim

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…

Posted on January 19, 2018 by grim

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

Posted on January 10, 2018 by grim

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?

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