Readers of this blog may be familiar with the continuously high foreclosure rates New Jersey has been seeing. However, the national foreclosure inventory appears to be slightly decreasing in the first months of this year as compared to data from 2011. It is not said...
When someone is faced with foreclosure on top of an already intimidating amount of debt, it can be a time of understandable stress and uncertainty. Many New Jersey residents with large amounts of debt turn to personal bankruptcy as an answer to their financial...
While foreclosure rates are below what they were a year ago and have gone up just a bit from February to March, foreclosure is still a looming concern for many New Jersey homeowners. In March, there were 69,000 homes foreclosed upon in the United States -- 3,000 more...
When one thinks of foreclosures, the growing debt in the housing market is the first thing that typically comes to mind. While these foreclosures are hitting the highest numbers, foreclosures of non-residential properties are at an increase since the beginning of the...
Knowing that you have debt hanging over you that puts you in danger of bankruptcy or foreclosure is a stressful and difficult enough process on its own for New Jersey families. This situation is made even more troubling when your home is improperly foreclosed upon for...
New Jersey housing counseling agencies, among those in many other states, are set to receive about $660,000 in funding from the federal Department of Housing and Urban Development. This money is being made available to help reduce the number of foreclosures in the...
Over the last several years, foreclosure actions have ground to a virtual halt in New Jersey because of issues with the paperwork presented by lenders as they sought to repossess homes. But now, efforts to stop foreclosure may ramp up after a decision was handed down...
The foreclosure locomotive in New Jersey appears set to pick up steam once again. The process was slowed considerably over the last two years because of an investigation by the state attorney general's office into allegations of fraud in the home repossession legal...
Homeowners who faced foreclosure in 2009 or 2010 may be eligible for a review to determine if their foreclosure was unlawful or if they were charged with excessive fees. More than 4 million foreclosure cases nationwide could be eligible for this review. The Office of...
The good news is that foreclosure filings in New Jersey dropped by a whopping 73 percent in 2011. While some may see that as evidence of an improving economy, others say it is simply the calm before the storm. Much of the statistical findings about this debt struggle...
