Category Archives: Foreclosures

Christie kicks the can

Posted on February 14, 2017 by grim

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 | 413 Comments

Foreclosure auctions beginning to normalize?

Posted on February 2, 2017 by grim

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 | 150 Comments

The Foreclosure State

Posted on January 26, 2017 by grim

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

Posted on January 14, 2017 by grim

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

Posted on January 12, 2017 by grim

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 | 52 Comments

November foreclosure inventory down 30%

Posted on January 11, 2017 by grim

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

Posted on December 16, 2016 by grim

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

Posted on December 15, 2016 by grim

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

Posted on December 14, 2016 by grim

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.

Posted on December 4, 2016 by grim

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

Posted on November 24, 2016 by grim

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 | 30 Comments

Will ending HAMP shorten the foreclosure timeline?

Posted on November 15, 2016 by grim

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 | 86 Comments

Who said NYC was immune?

Posted on November 14, 2016 by grim

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?

Posted on November 13, 2016 by grim

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 | 38 Comments

So close!

Posted on November 10, 2016 by grim

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