Category Archives: Foreclosures

NJ Foreclosure Plan – We’ll deal with it tomorrow

Posted on May 13, 2016 by grim

From the Record: N.J. continues to lag nation on clearing foreclosures New Jersey led the nation in foreclosure starts in the first quarter, as the state continues to grapple with the fallout from the housing crash, the Mortgage Bankers Association … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 54 Comments

Long road to recovery

Posted on May 8, 2016 by grim

From DSNews: Three States Hold a Quarter of Foreclosure Inventory While the nation’s foreclosure inventory and volume of 90-plus day delinquent mortgage loans have been on the steady decline nationwide as a whole, those levels remain elevated in some areas. … Continue reading →

Posted in Economics, Foreclosures, National Real Estate | 114 Comments

How much longer can the foreclosures drag the market down?

Posted on May 2, 2016 by grim

From NJ Spotlight: SOME GOOD NEWS FOR NJ HOUSING MARKET, BUT FORECLOSURES STILL A FACTOR Even as real-estate agents see encouraging demand for Shore rentals, and home prices in parts of New Jersey creep gradually higher, analysts and academics say … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 176 Comments

South Jersey seeing no foreclosure recovery

Posted on April 21, 2016 by grim

From the Press of Atlantic City: South Jersey home sale prices hit by large distressed market South Jersey real estate continues to be hit hard by distressed properties, Atlantic County most of all. Lenders started foreclosure actions against 399 homeowners … Continue reading →

Posted in Foreclosures, Shore Real Estate, South Jersey Real Estate | 131 Comments

Freddie and Fannie to reduce principal

Posted on April 15, 2016 by grim

From HousingWire: FHFA makes it official: Principal reduction is coming A day that many in the housing industry thought would never come is finally and actually here, as the Federal Housing Finance Agency is making official what was first reported … Continue reading →

Posted in Foreclosures, Mortgages, Politics, Risky Lending | 116 Comments

Atlantic City and Trenton lead the nation in foreclosure filings

Posted on April 14, 2016 by grim

From NBC News: Atlantic City Area Tops List of Foreclosures Atlantic County, home to New Jersey’s fiscally distressed gambling hub Atlantic City, had the highest foreclosure rate of any major U.S. metropolitan area in the first quarter of 2016, according … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 24 Comments

Foreclosures continue improvement trend

Posted on April 13, 2016 by grim

From HousingWire: Foreclosure inventory declined nearly 25% in February National foreclosure inventory, or any house within the foreclosure process, in February decreased by 23.9% annually, according to CoreLogic’s February 2016 National Foreclosure Report. Completed foreclosures, total homes lost to foreclosures, … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 87 Comments

NJ foreclosures facing statute of limitations

Posted on March 7, 2016 by grim

From DS News: Delinquent Loans May Still Face Foreclosure After Exceeding Statutes of Limitations High-end estimates of loan-level delinquency timelines show that approximately 98,000 seriously delinquent mortgage loans may be facing some degree of exposure to foreclosure statutes of limitations … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 89 Comments

The long grind

Posted on February 19, 2016 by grim

From the Record: Foreclosures ease a bit in NJ, but remain higher than national rate Housing distress is easing in New Jersey, but the state still has much higher rates of foreclosures and mortgage delinquencies than the nation as a … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 123 Comments

Can AC be saved?

Posted on February 12, 2016 by grim

From the Star Ledger: This N.J. area now ranks 5th in U.S. for vacant houses While the future of the ailing resort shore city rests in the hands of Trenton lawmakers, the local residential real estate is reeling. The Atlantic … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, Shore Real Estate, South Jersey Real Estate | 104 Comments

Foreclosures lowest in nearly 10 years

Posted on February 10, 2016 by grim

From HousingWire: CoreLogic: Foreclosures fall to lowest level since 2006 In another sign that the recovery from the housing crisis is ongoing rather than stalled out, the total number of completed foreclosures in 2015 was the lowest number of completed … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 93 Comments

NJ economy improves, fewer bankruptcies

Posted on January 20, 2016 by grim

From the Record: NJ bankruptcies fall in 2015, as economy improves Consumer bankruptcies in New Jersey fell 6 percent last year, bringing the figure to about the same as in the first year of the recession and offering another sign … Continue reading →

Posted in Demographics, Economics, Foreclosures, National Real Estate | 73 Comments

National foreclosures continue to decline, NJ still standout at the top

Posted on January 13, 2016 by grim

From HousingWire: CoreLogic: Foreclosures fall to lowest level since 2007 The inventory of homes in foreclosure continued to decrease in November 2015, falling to the lowest level since November 2007, a new report from CoreLogic showed. CoreLogic, a global property … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate, New Jersey Real Estate | 66 Comments

Jersey foreclosures finally turning the corner?

Posted on January 6, 2016 by grim

From the Record: New N.J. foreclosure filings dip for first time in four years New residential foreclosure filings fell last year in New Jersey for the first time since 2011, which experts say is another sign that the state’s economy … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 125 Comments

“This year will be a good year for housing”

Posted on January 5, 2016 by grim

From the Record: Job growth lifts housing outlook for 2016 Buoyed by strong job growth, the housing market in the new year will continue to climb out of its worst downturn in generations. As the unemployment rate has dropped to … Continue reading →

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