Category Archives: Foreclosure

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New Jersey Had the Most Foreclosures in 2016

For the second consecutive year, New Jersey had the highest number of foreclosures in the nation at twice the national rate. At the top of the national list of metropolitan areas with the highest foreclosure rate of 3.39 percent in 2016 was Atlantic City. Next was Trenton with a rate of 2.16 percent. This is……
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New Jersey Has Worst Home Foreclosure Rate in the Country

Although the economy has recovered somewhat since the housing bubble burst, a lot of people in South Jersey and elsewhere are still having difficulties when it comes to paying their monthly and yearly expenses, including home mortgages. It does not come as a surprise to many real estate market observers that New Jersey leads the……
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Home Foreclosure Process Takes Longer Than Usual in New Jersey

Earlier this year, real estate marketplace data showed that home foreclosures in New Jersey were on the rise even as they declined across the U.S. It appears that things have not gotten any better in the Garden State, with a recent report indicating that NJ has an extremely high foreclosure rate. Making matters worse is……
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Bad News for the Garden State: New Jersey Leads Nation in Home Foreclosures

Although home foreclosures are on the decline in many areas throughout the United States, homeowners in New Jersey have not been so fortunate. According to data compiled by RealtyTrac, a major real estate information provider and online marketplace for foreclosed properties, New Jersey actually leads the nation when it comes to foreclosures. Home Foreclosures Down……
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Mortgage Foreclosures Have Statutes of Limitations

When you sign a promissory note for a mortgage loan, you agree to pay back the money borrowed in installments over a set period of time. New Jersey has a statute of limitations on mortgage foreclosure complaints filed by lenders. If the bank fails to complete the foreclosure before the statute of limitations runs out,……
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