Why New Jersey’s Soaring Foreclosures Are Good for the Housing Market
New Jersey's foreclosure crisis is hitting a peak, and that could be a boon for the state's housing market.
New Jersey's foreclosure crisis is hitting a peak, and that could be a boon for the state's housing market.
In this Feb. 1, 2017, photo, Raymond Murray gets a visit from his lawyer, Robert Seewald, right, at his home in New York. Murray is the victim of deed theft, a foreclosure fraud where older people are mostly the target. Foreclosure News
When mortgage lenders loan money they want to be assured that they will receive a steady income stream from their borrowers until the loan is paid in full. Even though they have the legal right to take the property back in the event borrowers don't pay as promised, foreclosures are used only as a last…
New Jersey tenants whose landlords fall into foreclosure have a right to stay in their homes – and lenders must tell them that, under a new rule adopted by the New Jersey Supreme Court. “Tenants are the invisible victims of the foreclosure crisis,'' New Jersey Public Advocate Ronald K. Chen said Tuesday. Foreclosure News
A bankruptcy petition filed by a California-based developer of a 12-story historic art deco building in downtown Sioux City has been dismissed, paving the way for foreclosure proceedings on the Badgerow Building to resume. A federal judge in California on Wednesday granted Cedar Rapids Bank and Trust's motion to dismiss the bankruptcy filing by Mako…
Portage, Indiana-based lawyer Robert Jon Schlyer faces up to 30 years in prison after he was convicted on two counts of wire fraud affecting a financial institution and one count of bank fraud. The 47-year-old Schlyer was representing two co-schemers in connection with a foreclosure lawsuit. Foreclosure News
Fremont Bank Signs Seven-Year Contract Renewal for Black Knight LoanSphere MSP Servicing System for First Mortgages and Home Equity Loans and Lines of Credit MSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default, for first mortgages and home equity loans. Fremont Bank's use of one…