There are a lot of reports out there on the housing market and it appears that the foreclosure crisis is subsiding, but some experts feel that there are other factors that need to be considered that are still affecting the housing market. Many homeowners are still...
Foreclosure
2011 records 34 percent drop in foreclosures from 2010
As New Jersey residents know, a poor economy often leads people into financial turmoil. In the most recent recession, many people lost their jobs. Not only that, but the housing market struggled as well. Both of these factors can force many people into serious debt....
New Year brings tally of worst consumer complaints in New Jersey
Now that 2011 has come to a close and 2012 is in full swing, many people are taking the time to reflect on the past year and the lessons they learned. Although most of us may think about things like hitting the gym more often or eating more veggies, a recent article...
November numbers indicate a foreclosure surge is on the way
In recent months, the rate of foreclosure across the country slowed significantly after major lenders were accused of "robo-signing" foreclosure documents. After the process was adjusted, the backlog of foreclosure cases surpassed four million, increasing the process...
Back tax debt: Pittsgrove Township forecloses on gas station
New Jersey residents around Upper Pittsgrove Township may soon see the old Gulf gas station at Pole Tavern Circle up on the auction block. Over the years, the property has racked up more than $100,000 in back tax debt, and the local Township Committee is seeking to...
Bankruptcy on the horizon for duped New Jersey senior citizen?
A 78-year-old attorney from Cliffside Park, New Jersey, is suing a salesman and TD Bank, claiming fraud. He claims that a bad investment has left him in danger of losing his home to foreclosure. Convinced by the salesman that the investment was foolproof, he took out...
Foreclosure crisis hitting wealthy neighborhoods too
Families in New Jersey and throughout the country are struggling to keep up to date on mortgage payments. About 7.7 percent of all mortgages in the United States are either behind in payments or in foreclosure. The foreclosure crisis has even affected people living in...
Casino company able to stop foreclosure on one property
New Jersey residents who are employed by the casino formerly known as the Atlantic City Hilton can feel a little relief with the news that it will remain open. The parent company was able to reorganize debts and stop foreclosure on the casino now known as ACH. But it...
Group rallies to stop foreclosures despite October snowstorm
An October snowstorm did not stop protesters from rallying against home foreclosures on Oct. 29. The Coalition to Save Our Homes marched in Irvington, New Jersey, to demand that action be taken against lenders. Holding up signs saying "Stop Foreclosures," they allege...
Is bankruptcy in the cards for previous owner of The Pier Shops?
Due to the sluggish economy, many companies are struggling to meet their financial obligations as consumers scale back on purchases. That has forced many companies to file for bankruptcy, and it may also explain the troubles facing an upscale shopping venue in...