Category Archives: Foreclosures

Bergen County too prestigious to foreclose

Posted on October 27, 2016 by grim

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

Posted on October 18, 2016 by grim

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 | 146 Comments

What Foreclosures?

Posted on October 12, 2016 by grim

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

Posted on September 14, 2016 by grim

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 | 38 Comments

So much for dragging out foreclosures

Posted on August 15, 2016 by grim

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

Posted on August 10, 2016 by grim

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 | 107 Comments

Clear ’em out

Posted on August 3, 2016 by grim

From Dow Jones: Foreclosures Drop in New York and New Jersey as Courts Pick Up Pace dward Navarro, a former telephone clerk on the New York Stock Exchange, has been facing foreclosure on his attached two-family house in Woodhaven, Queens, … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate, NYC | 63 Comments

Zombie Go!

Posted on July 18, 2016 by grim

From the Record: ‘Zombie’ houses in foreclosure can sit vacant and haunt neighbors for years On Wilson Avenue in Wayne, a shady street of well-kept homes, the wood contemporary at No. 96 stands out. It’s been empty for years, thick … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 111 Comments

AC – Foreclosure Capital of the US

Posted on July 16, 2016 by grim

From Philly.com: New Jersey and Atlantic City area top U.S. foreclosures: report New Jersey and two of its distressed cities had the highest rates of U.S. foreclosure activity in the first half of 2016, according to RealtyTrac data released on … Continue reading →

Posted in Foreclosures, Shore Real Estate | 59 Comments

Can we say the national foreclosure crisis is over?

Posted on July 13, 2016 by grim

From HousingWire: Foreclosures, serious delinquencies nearing decade low The number of homes in some stage of foreclosure and the number of seriously delinquent mortgages continued to decline in May, falling to the lowest level since October 2007, according to the … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 43 Comments

Will 24 mortgages even make a dent?

Posted on July 2, 2016 by grim

From HousingWire: New York launches “first of its kind” program; will buy delinquent mortgages from FHA In what officials are calling a “first of its kind” program, the city of New York announced Thursday that it is plans to buy … Continue reading →

Posted in Foreclosures, NYC, Politics | 20 Comments

Foreclosure bill doesn’t go far enough to prevent zombies

Posted on June 25, 2016 by grim

From HousingWire: Senate to consider wide-ranging bill to address zombie foreclosure “crisis” Mortgage lenders and servicers could soon have a whole new set of responsibilities for maintaining foreclosed homes, as Sen. Bob Menendez, D-NJ, introduced a new bill on Friday … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate, New Jersey Real Estate | 17 Comments

Tan Man Walks

Posted on June 20, 2016 by grim

From Bloomberg: Countrywide’s Mozilo Off Hook as U.S. Said to Abandon Suit U.S. prosecutors have abandoned their case against Angelo Mozilo, a leader in selling the risky subprime mortgages that fueled the financial crisis, after a two-year quest to bring … Continue reading →

Posted in Foreclosures, Mortgages, Risky Lending | 57 Comments

April foreclosures and delinquencies show continued improvement

Posted on June 15, 2016 by grim

From HousingWire: April foreclosure inventory down about 25% from last year Foreclosure inventory continues to decline, decreasing 23.4% annually in April, while completed foreclosures declined by 15.8% annually, according to the April 2016 National Foreclosure Report released by CoreLogic, a … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 61 Comments

The Zombie Census

Posted on May 20, 2016 by grim

From the Philly Inquirer: Still No. 1: New Jersey’s supply of ‘zombie’ homes The number of U.S. houses left vacant because of foreclosure was down at the start of the second quarter compared with the same period last year. But … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 39 Comments