Foreclosures Surging in New York-New Jersey Market

Prashant Gopal, Bloomberg The epicenter of the U.S. foreclosure crisis is shifting to New Jersey and New York, threatening a housing rebound in one of the country’s most densely populated areas. New Jersey has surpassed Florida in having the highest share of residential mortgages that are seriously delinquent or in foreclosure, with New York third, a Mortgage Bankers Association report showed last week. By […]

New Jersey Realtors

Busted With Their Clothes Off: New Jersey Realtors Use Client’s Home For Sex Romps

Hidden Camera Shows New Jersey Realtors Engaging In Sex Acts In the House John Petrick, The Record A former president of the Passaic County Board of Realtors has been accused in a lawsuit of steering potential buyers away from a couple’s vacant Wayne home so he could use it for “sexual escapades,” which were captured on hidden cameras. Richard and Sandra […]

Experts react to N.J. bill to expedite foreclosure of vacant homes

Joshua Burd, NJBiz State lawmakers have scored a partial victory in their bid to tackle New Jersey’s foreclosure crisis, after Gov. Chris Christie signed a bill that would expedite the process for vacant and abandoned homes. The law, which Christie signed Thursday, allows judges to enter foreclosure judgments for homes that they find are deserted, […]

Hurricane Sandy Victims Say Lenders Dismiss Pleas For Loan Help

Ben Hallman, Huffington Post In the days after Hurricane Sandy devastated coastal New York and New Jersey, the nation’s mortgage companies were quick to offer sympathy to those whose homes — and lives — were wrecked. “If you were harmed or if you know someone that was harmed, please feel this virtual hug that I’m […]

NJ Courts Require Homeowners to Act Promptly in Defense of Foreclosure

Saul Ewing LLP on 11/20/2012 Summary The New Jersey Appellate Division found that homeowners’ excessive delay in raising their standing arguments precluded potential defenses and affirmed that a foreclosure judgment received by a party lacking standing is not necessarily void. On November 14, 2012, the New Jersey Appellate Division affirmed an order denying the defendants/homeowners’ motion to […]

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