Category Archives: Foreclosures

Black Knight sees distressed housing improvement

Posted on May 5, 2014 by grim

From HousingWire: Black Knight: Negative equity, distressed loans falling Home prices have risen over the past two years and many distressed loans have worked their way through the system, the percentage of Americans in negative equity positions on their mortgage … Continue reading →

Posted in Demographics, Economics, Foreclosures | 115 Comments

More on the NJ foreclosure crisis

Posted on April 22, 2014 by grim

From NJ Spotlight: EXPLAINER: JUST HOW BAD IS NEW JERSEY’S FORECLOSURE CRISIS? The Garden State has the country’s highest percentage of foreclosures among mortgaged homes — and that’s just the beginning Early this year, banking and real-estate analysts concluded that … Continue reading →

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate | 133 Comments

Foreclosures down (but not here)

Posted on April 10, 2014 by grim

From HousingWire: Foreclosure activity at lowest level since 2Q 2007 There were 117,485 foreclosure filings in March 2014, which is up 4% from February but still down 23% compared to March 2013, according to RealtyTrac’s “U.S. Foreclosure Market Report.” RealtyTrac’s … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate | 198 Comments

Shadows no longer looming over market

Posted on April 4, 2014 by grim

From Investors Business Daily: Housing Recovery Boosted By Drop In Shadow Inventory The housing market got more evidence that it’s on the road to recovery Thursday with new data showing a sharp decline in “shadow inventory,” or seriously delinquent homes … Continue reading →

Posted in Foreclosures, Housing Recovery, Mortgages, National Real Estate | 74 Comments

What REO?

Posted on April 3, 2014 by grim

From HousingWire: Fannie and Freddie can’t get REO to market fast enough The market is ravenous for more REO-to-rental properties, but the inventory is struggling to keep pace. According to the latest report from the Federal Housing Finance Agency, REO … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 85 Comments

NJ’s concerted effort to freeze the foreclosure pipeline continues

Posted on March 17, 2014 by grim

From the Star Ledger: Bill to help NJ families avoid foreclosures advances Legislation that would create a fund to help low and moderate income families afford foreclosure prevention services was passed out of committee Thursday and can now be voted … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Politics | 72 Comments

Affording the unaffordable – HAMP fails again

Posted on March 11, 2014 by grim

Calling HAMP the flagship program is a bit of a joke since it’s been a failure since day 1. From the Washington Post: With clock ticking on mortgage relief, homeowners wonder what’s ahead Five years after the federal government bailed … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, Risky Lending | 57 Comments

Geography Lesson

Posted on March 1, 2014 by grim

Can’t seem to find NJ anymore, can someone help? (click to enlarge)

Posted in Economics, Foreclosures, New Jersey Real Estate, Politics | 68 Comments

At least they’re not getting worse…

Posted on February 27, 2014 by grim

From the APP: NJ leads nation in share of distressed mortgages It’s been six years since the housing bubble collapsed, but foreclosures still weigh on New Jersey’s real estate market, according to a report released Wednesday. The state’s share of … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, New Jersey Real Estate | 53 Comments

Not even close to over…

Posted on February 21, 2014 by grim

From the Record: NJ mortgage woes easing, but still worse than US The worst may be over for distressed homeowners in New Jersey, though foreclosure misery remains higher in the state than in the nation as a whole, the Mortgage … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate | 49 Comments

Mortgage delinquencies dropping – but not fast enough

Posted on February 13, 2014 by grim

From HousingWire: Mortgage delinquency rate hits 5-year record low The mortgage delinquency rate hit the lowest level in 5 years and dropped below 4% for the first time since 2008. According to TransUnion’s latest mortgage delinquency report, the rate of … Continue reading →

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

NJ on the way to Number 1!

Posted on January 31, 2014 by grim

From the Star Ledger: NJ may soon lead nation in foreclosures New Jersey may lead the nation with the highest percentage of foreclosed homes by the summer. “It’s just a matter of time,” said Mark Fleming, chief economist for CoreLogic, … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 171 Comments

Foreclosure crisis eased in 2013

Posted on January 30, 2014 by grim

From National Mortgage Professional: Foreclosure Inventory Drops by More Than 30 Percent Year-Over-Year in December CoreLogic has released its December National Foreclosure Report, which provides data on completed U.S. foreclosures and the national foreclosure inventory. According to CoreLogic, there were … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate | 111 Comments

Cash still king

Posted on January 23, 2014 by grim

From CNN/Money: Buyers flocked to foreclosures last year — and many paid all cash Bargain hunters scooped up more foreclosed homes in 2013 — and many of them paid all cash. Sales of foreclosed and distressed homes made up 16.2% … Continue reading →

Posted in Foreclosures, National Real Estate | 77 Comments

2013 Year End Foreclosure Report

Posted on January 18, 2014 by grim

From National Mortgage Professional: Foreclosure Totals Down 26 Percent Year-Over-Year in 2013 RealtyTrac has released its Year-End 2013 U.S. Foreclosure Market Report, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 1,361,795 U.S. properties in 2013, down … Continue reading →

Posted in Foreclosures, National Real Estate | 52 Comments