Category Archives: Foreclosures

Making the unaffordable affordable

Posted on February 15, 2012 by grim
Posted in Economics, Foreclosures, Housing Recovery, Politics | 126 Comments

From the Star Ledger: N.J. Dems outline proposal allowing towns to turn foreclosed homes into affordable housing Two senior Democrats today outlined a measure to let municipalities and a state corporation buy foreclosed homes and offer them to low- and … Continue reading →

Can’t wait to hear about how NJ spends the settlement

Posted on February 13, 2012 by grim
Posted in Foreclosures, Housing Recovery, Risky Lending | 136 Comments

From Bloomberg: Foreclosure Deal May Help States Prop Up Budgets, Raze Houses Wisconsin plans to use part of its $140 million share of the national foreclosure settlement to fill a budget hole. Missouri would devote $40 million for education. Ohio … Continue reading →

Thursday Morning Grim

Posted on February 9, 2012 by grim
Posted in Foreclosures, Housing Bubble, New Jersey Real Estate, Risky Lending | 171 Comments

From CNBC (via Business Insider): New York Housing Market Could Still Collapse: Analyst There’s been a lot of talk recently about home prices reaching a bottom. Most notably, Bill McBride at Calculated Risk — perhaps the most respected housing market … Continue reading →

One step closer to settlement, at a price

Posted on February 7, 2012 by grim
Posted in Foreclosures, Mortgages, National Real Estate, North Jersey Real Estate | 121 Comments

From HousingWire: More than 40 states to sign foreclosure settlement More than 40 states will sign a settlement with the top-five mortgage servicers over alleged foreclosure abuses that arose more than one year ago, Iowa Attorney General Tom Miller said … Continue reading →

Foreclosure settlement to finally be reached today?

Posted on February 6, 2012 by grim
Posted in Foreclosures, Mortgages, National Real Estate, Risky Lending | 106 Comments

From Bloomberg: Foreclosure Deal Deadline Arrives as States Must Choose Whether to Sign On States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and … Continue reading →

Where have all the foreclosures gone?

Posted on January 26, 2012 by grim
Posted in Foreclosures, New Jersey Real Estate | 140 Comments

From the Record: One in 12 N.J. home sales was a foreclosure in third quarter About one in every 12 New Jersey home sales in the third quarter of 2011 involved foreclosed properties — a steep drop from the previous … Continue reading →

Mortgage settlement near?

Posted on January 24, 2012 by grim
Posted in Foreclosures, Housing Recovery, Politics | 166 Comments

From Bloomberg: Bank Foreclosure Deal Reviewed by States as Delaware Drops Out State attorneys general reviewed a proposed settlement with banks over foreclosure and mortgage- servicing practices that negotiators are pressing to complete as Delaware said it would reject a … Continue reading →

Why do we keep believing we can fix housing?

Posted on January 23, 2012 by grim
Posted in Economics, Foreclosures, Housing Bubble, Housing Recovery, National Real Estate, Risky Lending | 153 Comments

From the WSJ: Economists See Ways to Aid Housing Market he underpinnings of a housing recovery are hiding in plain sight: sharp price declines, low mortgage rates and rising rents have made owning more affordable than renting in a growing … Continue reading →

CoreLogic: November home prices down 4.3% (0.6% excluding distressed homes)

Posted on January 10, 2012 by grim
Posted in Foreclosures, Housing Recovery, National Real Estate | 164 Comments

From HousingWire: Home prices decline 4.3% in November: CoreLogic Home prices nationwide fell 4.3% year-over-year in the month of November, according to analytics firm CoreLogic in its November Home Price Index. Santa Ana, Calif.-based CoreLogic said home prices declined 1.4% … Continue reading →

Housing Bailout #307b – “Sacrifice for the greater good”

Posted on January 5, 2012 by grim
Posted in Economics, Foreclosures, National Real Estate, Risky Lending | 220 Comments

From HousingWire: Bernanke calls for nationwide REO rental program The government should consider helping the nation’s vacant, unsold stock of foreclosed properties by supporting initiatives to occupy. Federal Reserve Chairman Ben Bernanke believes that one aspect should be a government … Continue reading →

US Bank vs Guillaume – Serious legal issue or nitpicking over a irrelevant detail?

Posted on December 6, 2011 by grim
Posted in Foreclosures, National Real Estate, New Jersey Real Estate | 79 Comments

From HousingWire: New Jersey foreclosures wait in the wings as court deliberates key case Hundreds of New Jersey foreclosure cases are waiting in the wings for the state’s Supreme Court to issue what will be a landmark decision in the … Continue reading →

Foreclosures? Not in NYC.

Posted on November 29, 2011 by grim
Posted in Foreclosures, National Real Estate | 151 Comments

From HousingWire: NYC foreclosures drop 32% New York City foreclosure filings dropped 32% in the third quarter over last year. Lenders filed 3,168 foreclosures on single-family and multifamily properties during the quarter, according to a study from New York University … Continue reading →

No quick rebound for housing

Posted on November 27, 2011 by grim
Posted in Economics, Employment, Foreclosures, Housing Recovery, National Real Estate | 23 Comments

From CNBC: Housing Prices Won’t Recover Until 2013: Economists U.S. home prices will stagnate through next year and only start recovering in 2013, according to economists polled by Reuters who also felt the stimulus options being floated will not do … Continue reading →

Do foreclosures even matter anymore?

Posted on November 10, 2011 by grim
Posted in Foreclosures, Housing Bubble, Housing Recovery, National Real Estate | 222 Comments

From Bloomberg: Foreclosure Filings in U.S. Rise 7% as Bank ‘Rain Delay’ Eases U.S. foreclosure filings rose 7 percent in October to a seven-month high as lenders started to speed up action against delinquent borrowers after a yearlong review into … Continue reading →

Lenders slow to foreclose after the green light to go ahead

Posted on November 6, 2011 by grim
Posted in Foreclosures, Housing Bubble, Housing Recovery, New Jersey Real Estate | 103 Comments

From the Record: Legal issues slow foreclosures In a small Bergen County courtroom one recent Friday, a sheriff’s officer auctioned off two foreclosed properties in a matter of minutes, as a handful of investors kept their eyes open for bargains. … Continue reading →