201603.08
0

New Jersey Leads Nation in Mortgage Delinquency Rate at 7.0%

According to CoreLogic’s National Foreclosure Report New Jersey has a serious mortgage delinquency rate of 7.0% which is more than double the national average of 3.2% New Jersey leads the nation with the highest foreclosure inventory as a percentage of mortgaged homes, as well as the highest rate of serious delinquency, according to the CoreLogic National Foreclosure report for…

201603.07
0

National Home Mortgage Delinquency Rate Above 5%

January saw an atypical 6.6 percent rise in mortgage delinquencies from December, bringing the national delinquency rate above 5 percent for the first time since February 2015, according to Black Knight Services 2016 Mortgage Monitor report. In the report, historical data indicates that delinquency rate increases are uncommon in the month of January having decreased…

201512.13
0

NJ and MD Lead U.S. in Foreclosures Says November Realty Trac Report

There are still pockets of real-estate distress around the country, with rates of foreclosure highest (by rank) in Maryland, New Jersey, Florida, Nevada and Illinois. Atlantic City and Trenton, New Jersey, rank No. 1 and No. 2 for foreclosures by metro area. According to RealtyTrac’s November 2015 foreclosure report, the rate of foreclosures continues to decline…

201511.20
0

Mortgage lender HSBC may have tried to hide $190,000 Sandy insurance check

Judge to mortgage lenders: no double-dipping on Sandy foreclosures Insurance money received by mortgage lender has to be disclosed before a property is sold through foreclosure. By MaryAnn Spoto | NJ Advance Media for NJ.com Email the author | Follow on Twitter on November 18, 2015 at 3:52 PM, updated November 18, 2015 at 4:05…

201511.06
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Making a Federal Case of It: NJ Couple Fight Foreclosure in Federal Court

Making a Federal Case of It: NJ Couple Fight Foreclosure in Federal Court Click here for a free download from Denbeaux and Denbeaux to learn more on how federal laws help homeowners. Jerome and Sandra Barnes’ house in Paterson Fed up with the slow pace – and what many people see as unjust actions — of foreclosures,…

201510.31
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He Built Houses For Years. Now Housing Speculators Are Trying To Hound Him Out Of His Home.

He Built Houses For Years. Now Housing Speculators Are Trying To Hound Him Out Of His Home. BY ALAN PYKE OCT 31, 2015 9:00AM FROM THINK PROGRESS.ORG ECONOMY For decades, Bill Rabolli built firehouses, family homes, and just about anything else people wanted made out of wood in northern New Jersey. A reputation for quality…

201510.20
0

Poor Loan Servicing Reason for NJ Leading Nation in Foreclosures

NJ Leads Nation in Foreclosures Due to Poor Loan Servicing NJ law firm Denbeaux & Denbeaux says continued mortgage-servicing problems, such as breached loan modification agreements, play a major role in why the state leads the nation in foreclosures, and is the cause for the recent RealtyTrac report which revealed that NJ has highest foreclosure…

201510.14
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Denbeaux and Denbeaux Says Passage of H.R. 3192 Puts Foreclosure Victims Rights at Risk

Denbeaux and Denbeaux Says Passage of H.R. 3192 Puts Foreclosure Victims Rights at Risk According to New Jersey law firm Denbeaux and Denbeaux, Congress buckling to pressure from industry lobbyists when recently passing H.R. 3192 the “Homebuyers Assistance Act” to give lenders immunity from loan origination abuses for several months, signals consumer’s rights at risk…