Category Archives: Foreclosures

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

Again … foreclosure isn’t the problem, it’s the solution.

From the Philly Inquirer: The foreclosure nightmare continues in New Jersey The neighborhood’s zombie has, at long last, made it through foreclosure and is on the market. A quick tour of the house, which was vacant for nearly 30 months, … Continue reading

Posted in Foreclosures, New Jersey Real Estate, South Jersey Real Estate | 18 Comments

DoJ fails, BoA walks

From the Wall Street Journal: Justice Department ‘Hustle’ Case Against Bank of America Dies The government’s Hustle case against Bank of America Corp. is finally dead. The case, in which the government accused the bank’s Countrywide Financial Corp. unit of … Continue reading

Posted in Foreclosures, Housing Bubble | 29 Comments

Will ending HAMP shorten the foreclosure timeline?

From HousingWire: Saying goodbye to HAMP isn’t the end for struggling homeowners Dec. 31, 2016 marks the end of a seven-year government program designed to save struggling homeowners who are behind on their mortgage, or in danger of imminent default … Continue reading

Posted in Foreclosures, National Real Estate | 85 Comments

Who said NYC was immune?

From the NY Post: New Yorkers see drastic spike in home foreclosures October brought an ugly surprise to hundreds of New Yorkers, as new foreclosure cases spiked dramatically. More than 1,100 NYC households fell into foreclosure in October, a 32 … Continue reading

Posted in Foreclosures, NYC | 70 Comments

FHA/VA cause new bump in foreclosures?

From CNBC: What’s behind a sudden foreclosure spike Foreclosures had been falling steadily to the lowest levels in nine years, but a curious spike in October may be the first sign of a crack in the recovery. The number of … Continue reading

Posted in Foreclosures, Housing Bubble, National Real Estate | 37 Comments