Category Archives: Foreclosures

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

So close!

NJ on the cusp of moving to the #2 position for foreclosure inventory. NY looks poised to take the #1 slot any month now. NY Metro Area continues to resolve. From CoreLogic:

Posted in Foreclosures, New Jersey Real Estate, NYC | 144 Comments

Bergen County too prestigious to foreclose

From the Star Ledger: How long it takes to complete a foreclosure in N.J. by county New Jersey continues to buck the national trends when it comes to the dubious housing market. Recent data shows the average time for a … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 45 Comments

First signs of foreclosure timeline speeding up

From RealtyTrac: September Foreclosure Activity Decreases 24 Percent From a Year Ago to Lowest Level Since December 2005 Average time to foreclose decreases annually for first time in report history Properties foreclosed in Q3 2016 took an average of 625 … Continue reading

Posted in Foreclosures, National Real Estate | 144 Comments

What Foreclosures?

From HousingWire: Foreclosure inventory drops to less than 1% nationally Foreclosure inventory in August declined significantly from last year, hitting its lowest point since the housing boom, according to the August 2016 National Foreclosure Report from CoreLogic, a property information, … Continue reading

Posted in Foreclosures, National Real Estate | 142 Comments

Another new low for foreclosures

From National Mortgage News: Foreclosure Inventory at Lowest Level in Nine Years The foreclosure inventory rate in July reached the lowest level recorded for any month since August 2007, according to data released by CoreLogic. The national foreclosure inventory in … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 37 Comments

So much for dragging out foreclosures

From the APP: NJ leads nation in quarterly foreclosure starts New Jersey led the nation in foreclosure starts in the second quarter, as the mortgage industry continues to deal with a backlog of loans that went bad in the housing … Continue reading

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 51 Comments

Foreclosures at 9 year low

From HousingWire: Corelogic: Foreclosure inventory finally back to housing-boom levels Foreclosure inventory declined yet again in June, but completed foreclosures, while down from last year, increased from last month, according to CoreLogic, property information, analytics and data-enabled solutions provider. CoreLogic’s … Continue reading

Posted in Foreclosures, Housing Recovery, National Real Estate | 104 Comments