The beginning of 2014 saw a rise in a specific type of foreclosure, according to housing data website RealtyTrac. Distressed homeowners in the process of foreclosure have decided to simply abandon their homes avoiding the traditional foreclosure process...
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Foreclosure
While foreclosure crisis winds down New Jersey still struggles
Although the United States generally is witnessing an easing of the mortgage foreclosure crisis, as we have recently discussed recent statistics show that New Jersey remains somewhat mired in it. Foreclosure activity in the state in February was twice...
New Jersey courts make strides in improving foreclosure process
After seven years of slogging through record numbers of foreclosures, there may be a light at the end of the tunnel for the New Jersey court system—and for struggling homeowners. New Jersey court officials are making strides unclogging a backlog of...
Proposed bill could help New Jersey residents avoid foreclosure
New Jersey residents have the second highest rate of foreclosure in the country. However, people who have been struggling with financial challenges and might be facing foreclosure may receive some help from a recently proposed bill, according to a news report.The...
Are foreclosures still on the rise in New Jersey?
While national figures on foreclosure showed a 26 percent decline in 2013, the number of foreclosure filings in New Jersey soared by 44 percent. By the end of the year, 1.1 percent of homes in the state were in foreclosure.Pennsylvania saw foreclosure filings...
