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New Jersey's housing market improves but foreclosures still high
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 foreclosures continue to slow the state's housing market and economy. In some areas, such as ... Read more



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. Namely in three states—Florida, New York, and New Jersey ... Read more



Long-shuttered hospital heads to foreclosure auction
In January, OptimumBank sold the judgment to Miami Gardens Partners LLC, a New Jersey company managed by Eli Freiden. Miami attorney Owe Belleh, who represents the company, couldn’t immediately be reached for comment. The online foreclosure auction of ... Read more



Homeowners Avoid Foreclosure with New Mortgage Program
Florida, Mississippi, New Jersey, and New York are all states with serious mortgage ... by providing some borrowers what could well be their final opportunity to avoid foreclosure,” added Watt. To be eligible for this limited program, mortgage borrowers ... Read more



Troubled homeowners can avoid foreclosure with new mortgage modification program
Although the number of homeowners entering foreclosure has fallen dramatically since the ... are more than double that of the national average. Florida, Mississippi, New Jersey, and New York are all states with serious mortgage delinquencies—90 days ... Read more



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 to RealtyTrac data released on Thursday. One in every 106 ... Read more



New Jersey foreclosure numbers are high for a reason
The housing market received some good economic news last week: Foreclosures are down dramatically. A monthly report by CoreLogic showed the number of homes that foreclosed nationwide dropped 17 percent from last year. But the news isn’t as cheerful in ... Read more



New York’s foreclosure backlog isn’t going away until 2016, at least
New York’s foreclosure backlog is currently ... necessary to complete the foreclosure, one on the order of reference or motion for summary judgment and one on the final judgment of foreclosure. Other states, including New Jersey, require only one ... Read more



Why New Jersey Has Passed Florida For The Most Delinquent Mortgages In America
According to a report from the Mortgage Bankers Association, 11.8% of New Jersey's loans in foreclosure are seriously delinquent. That figure sees New Jersey oust Florida from the top spot, which has 11.7% of seriously delinquent loans. New York takes the ... Read more



Foreclosures prompt lawsuits against debt collectors in N.J.
Seven years after the meltdown of the subprime mortgage market, New Jersey continues to be a hotbed of home repossessions by lenders, resulting in reams of foreclosure-fraud and improper-debt-collection complaints that mainly target intermediaries known as ... Read more




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