Category Archives: Foreclosures

Foreclosure “rescue” worse than foreclosure

Posted on December 13, 2014 by grim

From the Star Ledger: Man who stole struggling people’s homes sentenced to 20 years A 58-year-old Bloomfield man was sentenced Friday to 20 years in state prison for cheating Sussex County homeowners in financial distress by transferring ownership of their … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 34 Comments

Foreclosure crisis continues to abate, NJ now tops by a longshot

Posted on December 5, 2014 by grim

From HousingWire: CoreLogic: September completes 41,000 foreclosures There were 41,000 completed foreclosures nationally, down from 55,000 in October 2013, according to CoreLogic’s (CLGX) October National Foreclosure Report. This marks a year-over-year decrease of 26.4% and is down 65% from the … Continue reading →

Posted in Foreclosures, National Real Estate, New Jersey Real Estate | 158 Comments

Warren goes for the throat

Posted on November 20, 2014 by grim

From HousingWire: Sen. Warren accuses FHFA’s Watt: “You haven’t helped a single family” What started as a dry, lame-duck session hearing on the Federal Housing Finance Agency in the Senate Banking Committee on Wednesday, got heated when U.S. Sen. Elizabeth … Continue reading →

Posted in Foreclosures, Mortgages, Politics | 92 Comments

Welcome to the top!

Posted on November 15, 2014 by grim

From the Record: NJ leads in foreclosure activity as mortgage trouble eases nationwide New Jersey leads the nation in the rate of foreclosures started during the third quarter, the Mortgage Bankers Association said Friday. Nationally, by contrast, the worst of … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 43 Comments

Monthly foreclosures jump. End in sight? Nope.

Posted on November 14, 2014 by grim

From HousingWire: RealtyTrac: Foreclosures increase for two months straight Foreclosure filings, including default notices, scheduled auctions and bank repossessions, increased 15% from last month but are still down 8% from a year ago levels, RealtyTrac’s October Foreclosure Market Report said. … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 93 Comments

BEFORE it strangles the city?

Posted on November 13, 2014 by grim

From the Record: Paterson’s foreclosures jumped by more than 500 percent over three years City documents say a surge in foreclosures has cost Paterson’s municipal government about $12 million in tax payments over the past three years, part of an … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, New Jersey Real Estate | 78 Comments

Foreclosure rate falls, NJ still near top

Posted on October 24, 2014 by grim

From MarketWatch: Foreclosures at lowest rate since February 2008 U.S. foreclosures have fallen to their lowest rate since February 2008, as states clear the backlog of foreclosures from the crisis years and the market slowly returns to normal. At 1.76% … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 117 Comments

Six hundred down, thousands to go

Posted on October 15, 2014 by grim

From the Philly Inquirer: Camden plans to demolish nearly 600 houses Within a two-block stretch of Sheridan Street in Camden, 13 homes have boarded-up windows and bright-orange Department of Public Works stickers marking them for a demolition day that has … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, New Jersey Real Estate | 138 Comments

Surprised that NJ let us all down again?

Posted on October 14, 2014 by grim

From HousingWire: The shocking truths for homeowners struggling against foreclosure Several big banks have negotiated large settlements with the Department of Justice for their role in the housing bubble and subsequent economic collapse. While the historic settlements sound promising on … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Politics | 63 Comments

Time to leave South Jersey?

Posted on October 12, 2014 by grim

From the Press of Atlantic City: Atlantic County foreclosure rate second-highest in nation As Atlantic City’s decline drew national attention in August, the area rose to national prominence in another metric. One out of every 292 Atlantic County homes was … Continue reading →

Posted in Economics, Employment, Foreclosures, South Jersey Real Estate | 19 Comments

“Prospects slightly better in New Jersey”

Posted on September 19, 2014 by grim

From HousingWire: New York’s foreclosure backlog isn’t going away until 2016, at least The backlog that keeps the average property in the state New York in foreclosure proceedings for more than four years isn’t going away anytime soon. In fact, … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 128 Comments

Where are all the NJ foreclosures?

Posted on September 12, 2014 by grim

From the Star Ledger: Foreclosures spiking in N.J., paced by Atlantic City Foreclosure activity in New Jersey jumped in August, a new report shows, leaving the state with one of the highest foreclosure rates nationwide. New Jersey has the nation’s … Continue reading →

Posted in Foreclosures, Housing Recovery, South Jersey Real Estate | 139 Comments

NJ foreclosure auctions up 71%

Posted on September 11, 2014 by grim

From the Philly Inquirer: N.J. foreclosure filing rate up 115% from last year New Jersey’s foreclosure-filing rate skyrocketed in August, by 115 percent over the same month in 2013, pushing the state into the Top Five, housing-data analytics firm RealtyTrac … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 73 Comments

Foreclosures tumble, Northeast struggles to clear

Posted on August 28, 2014 by grim

From National Mortgage Professional: National Foreclosure Report Indicates Over 20 Percent Decrease, Year-Over-Year CoreLogic released its July National Foreclosure Report, which provides data on completed U.S. foreclosures and foreclosure inventory. According to CoreLogic, for the month of July 2014, there … Continue reading →

Posted in Foreclosures, Mortgages, National Real Estate | 117 Comments

But will the banks pay up?

Posted on August 25, 2014 by grim

From the Star Ledger: N.J. law would levy hefty fines against abandoned homes, absentee creditors At one time, the opulent McMansion at the corner of Greentree Road and Lamson Lane in Washington Township was the definition of a dream home. … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 87 Comments