Dire foreclosure estimate for NJ by New York Fed

Categorized | STOP FORECLOSURE FRAUD

Dire foreclosure estimate for NJ by New York Fed

Dire foreclosure estimate for NJ by New York Fed

North Jersey-

The number of New Jersey homes repossessed by lenders may increase by 49 percent, and maybe by as much as 140 percent, by the end of 2013, depending on how fast foreclosures move through the courts, according to a new government study.

The report released Friday by the Federal Reserve Bank of New York, made predictions about future trends in banks’ repossessions of residential properties from defaulted borrowers, based in part on the average time it takes to foreclose, which varies from state to state, and is always in flux.

If the average number of days it takes to foreclose on a property declines, for example, lenders’ repossessions “would rise sharply in most states, tripling in New York and more than doubling in New Jersey,” the study performed for the New York Fed by CoreLogic said.

[NORTH JERSEY]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8716 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

2 Responses to “Dire foreclosure estimate for NJ by New York Fed”

  1. JIMI says:

    NJ HOMEOWNERS NEED TO GET READY TO FIGHT BANKSTERS FRAUD ALL THE WAY
    AND DEMAND THAT NJ COURTS GIVE US DUE PROCESS OF LAW AND DEMAND THAT THE BANKS PROVE THEY OWN THE LOANS BEORFE HANDING HOMES TO THE BANKSTERS THE BANKS STILL ROBO SIGN DOCUMENTS AND LIE IN COURTS
    NO ONE SHULD BELIVE THE BANKS THAT SOMEHOW THEY STOP THE FRAUD.

  2. Joe says:

    LISTEN MCWENNEY NAROFF — YOU DON’T KNOW WHAT THE F— YOUR TALKING ABOUT THESE BANKS AND SERVICERS ARE GOING TO TAKE EVERYBODIES HOUSE EVEN IF YOUR NOT IN DEFAULT ITS PART OF THEIR MASSIVE SCAM MISS ONE PAYMENT YOU WILL SEE. ITS NOT WHAT YOU THINK OR WHAT ALL THESE NEWS REPORTS ARE SAYING THAT IT’S GOING TO GET BETTER WHEN ALL THE FRAUDCLOSURES MOVE THROUGH THE COURTS. ITS NEVER GOING TO STOP THEIR IS GOING TO BE MORE AND MORE FRAUDCLOSURES ITS GOING TO GET WORSE AND WORSE AND WORSE WHEN WILL THESE PEOPLE UNDERSTAND THESE BANKS AND SERVICERS AND JUDGES ARE COMMITING MASSIVE CRIMES. THESE FORECLOSURE JUDGES ARE CRIMINALS BANKS AND SERVICES TOO THEY WILL NEVER STOP THEY DON’T HAVE ANY PAPER WORK FOR ANY OF THESE HOUSES. THESE JUDGES ARE GIVING THESE HOUSES TO THESE BANKS AND SERVICES FOR FREE F R E E. F R E E. NOBODY UNDERSTANDS

Trackbacks/Pingbacks


Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives