Category Archives: Foreclosures

Foreclosure starts spike in February?

Posted on April 22, 2015 by grim

From HousingWire: Black Knight: March foreclosure starts skyrocket 18% from February The March delinquency rate dropped 12% month-over-month, the largest monthly decline in nine years, but at the same time foreclosure starts skyrocketed 18% in March, according to the Black … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 82 Comments

It won’t ever sell…

Posted on April 21, 2015 by grim

From the Star Ledger: Bank foreclosing on Joe, Teresa Giudice’s Montville mansion The same day the new real estate agent for “Real Housewives of New Jersey” star Teresa Giudice vowed to aggressively market their enormous Montville Township mansion, the bank … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 106 Comments

What stigma of foreclosure?

Posted on April 9, 2015 by grim

From WSJ: After Foreclosures, Home Buyers Are Back The housing industry is slowly seeing the return of buyers like Rick LeBlanc, who lost his Michigan home to foreclosure during the financial crisis but now qualifies for a mortgage again. Mr. … Continue reading →

Posted in Foreclosures, Housing Recovery, Risky Lending | 58 Comments

No Spring for Sussex

Posted on April 5, 2015 by grim

From the New Jersey Herald: Foreclosures spur help for homeowners Faced with a foreclosure rate among the highest in the country, Sussex County officials took the first steps in a program designed to bring help to homeowners before the bank … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, North Jersey Real Estate | 22 Comments

Otteau’s forecast for 2015

Posted on March 25, 2015 by grim

From the Record: After tepid 2014, home prices forecast to rise 3.5% this year After treading water in 2014, New Jersey home prices will get a boost from low mortgage rates and an improving job market this year, appraiser Jeffrey … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery | 161 Comments

National foreclosures nearing 10 year low

Posted on March 19, 2015 by grim

From Marketwatch: U.S. Foreclosure Activity Down 4 Percent in February to Lowest Level Since July 2006 Despite 9 Percent Rise in REOs Realtytrac today released its U.S. Foreclosure Market Report(TM) for February 2015, which shows foreclosure filings — default notices, … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 73 Comments

South Jersey Foreclosures

Posted on March 9, 2015 by grim

From the Press of Atlantic City: Sheriff’s sales struggle to unload foreclosed properties The amount of distressed real estate is expected to increase as unemployed workers who lost jobs in 2014 fall behind on mortgage payments — and as the … Continue reading →

Posted in Foreclosures, Shore Real Estate, South Jersey Real Estate | 89 Comments

They are zombies because nobody wants them

Posted on February 18, 2015 by grim

From Housingwire: New York doubling down in fight against zombie foreclosures The State of New York doubling down in its efforts to fight back against the rising tide of zombie properties, which are homes that are vacant or abandoned during … Continue reading →

Posted in Foreclosures, Politics, Unrest | 108 Comments

Stop Sandy Foreclosures?

Posted on February 17, 2015 by grim

From the APP: EDITORIAL: Stop rising tide of foreclosures in N.J. Superstorm Sandy is still wreaking havoc in New Jersey nearly 21/2years after it moved away from the Jersey Shore. And the bureaucracy in New Jersey has made things worse. … Continue reading →

Posted in Foreclosures, Housing Recovery, Politics, Shore Real Estate | 152 Comments

The light at the end of the tunnel is a train…

Posted on February 13, 2015 by grim

From the Star Ledger: N.J. foreclosure rate among highest in nation, but dip may signal ‘light at end of tunnel’ Foreclosures activity in New Jersey fell last month, according to a new report, but the state’s foreclosure rate still remains … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Politics, Risky Lending | 74 Comments

Foreclosures drop – But not so much in Jersey

Posted on February 11, 2015 by grim

From HousingWire: CoreLogic: Foreclosures down 13.7% year-over-year There were 39,000 completed foreclosures nationwide in December 2014, a drop from 46,000 last year, marking a year-over-year decline of 13.7% and a fall of 66% from the pear of completed foreclosures in … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Risky Lending | 115 Comments

The zombies are back

Posted on February 7, 2015 by grim

From CNN Money: Where zombie foreclosures are making a comeback Vacated by the homeowner and left unattended, zombie foreclosures are still plaguing many housing markets. Nearly one in four homes in foreclosure at the end of January were already abandoned … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 93 Comments

71%? We need a 710% increase in foreclosures.

Posted on January 16, 2015 by grim

From the Record: Foreclosure activity up 71% in NJ, RealtyTrac says Foreclosure activity rose 71 percent in New Jersey last year, as lenders continued to deal with a backlog of troubled properties, according to a report released Thursday. At the … Continue reading →

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate | 115 Comments

2015 – Will the big foreclosure clean out begin?

Posted on January 15, 2015 by grim

From the Philly Inquirer: Foreclosures down nationwide, still increasing in Phila. region Foreclosure filings nationwide last year fell to their lowest level since 2006 and were down by more than a million properties from 2010’s recession-aftermath peak of roughly 2.87 … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 68 Comments

Predictions 2015!

Posted on January 2, 2015 by grim

This is becoming a tradition around here, so here we go again! You know how this works, break out the crystal balls and prognosticate. Ground Rules Predictions provided should either be for June 30th, 2015 or December 31st, 2015, please … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery | 191 Comments