Housing news nationally continues to improve over successive reporting periods, with the dismal reality linked to the Great Recession of recent years having largely dissipated.
If you’re tracking a troubling event, its occurrence in just one of every 1,117 possible instances might not seem so bad.
It’s about time.
Your home is 60 percent-plus more likely to get sucked into the foreclosure process if you are a New Jersey resident rather than a homeowner residing in another state.
The Law Office of Rajeh A. Saadeh is a long-tenured New Jersey real estate law firm that routinely works diligently to promote the best interests of challenged homeowners. We duly note on our legal website that we “will fight to save your home or negotiate on your behalf the best possible terms for selling or surrendering the property.”
Following is a quick rehash of one New Jersey homeowner’s depressingly sad tale relevant to bank conduct that blew up the normalcy in her life.
Is this a glass-half-full type of thing or a half-empty scenario that continues to plague New Jersey in seemingly implacable fashion?
How are homeowners doing nationally concerning property-related financial challenges and overt threats to their continued ownership?
There is simply no way to sugarcoat the sad reality surrounding New Jersey’s continuing – and sorely protracted – housing crisis. Reports from across the country that spotlight “state of the state” news concerning foreclosure activity in the United States uniformly stress New Jersey’s woes. Comparatively speaking, they easily outpace the housing problems that residents face in any other state.
New Jersey-based PHH Mortgage Corporation -- the nation's ninth biggest non-bank entity that services residential mortgages -- has been in business for years with the stated goal of helping homeowners.