Community centers often play an important role in many neighborhoods of New Jersey, but even these facilities are not immune from crushing debt issues plaguing millions of Americans right now. When debt becomes overwhelming, many of these centers either close their...
Month: October 2011
Experts waiting for foreclosure wave in New Jersey
With the recession and sluggish economic recovery, many New Jersey homeowners are still finding themselves underwater on their mortgages -- with little relief in sight. And since a state court put an end to the unofficial moratorium on foreclosures in August, experts...
Family tries to stop foreclosure after bank surprise
With a wave of foreclosures flooding the state of New Jersey, people get used to hearing the same types of stories. Situations such as surprise medical bills, lost jobs and the end of unemployment benefits can all lead to hardworking families losing their homes. What...
Shopping center failure leads to personal bankruptcy for developer
Bankruptcy proceedings have had their impact on shopping center development over the past five years. The crumbling of the mortgage markets, together with the recession and the threat of another one, has placed some investors in precarious positions. The scenarios...