New Jersey has one of the highest rates of mortgage defaults.  While some are working through the process of a short sale, others are electing to stay in their home until the foreclosure process runs its course.  So, at the end of the day, if someone is in this situation, which is the better option? KCM posted a great article by Christopher Reale, Director of Short Sale Operations at Lepizzera and Laprocina Title and Escrow Services, comparing the options of short sales and fo [...]

Some good news on the foreclosure front.  It seems that the rate of foreclosure delinquencies is on the decline.  Part of the reason this is significant is because these properties tend to drag property values down.  As painful as it is, we need these properties to work through the process in order to have a recovery in our local markets in Central Jersey.  The fact that there are fewer delinquencies is a hopeful sign of better things to come. While national statistics ar [...]

For the past several months, the foreclosure process has been held up in the state of New Jersey.  Recently, the New Jersey Superior Court cleared the way for foreclosures to resume.  (Click here for the full article)  Whether you're thinking about buying or selling a home in the next few years in New Jersey, it's important to understand how this development will affect the market and your future plans.  If you have a specific question or would like more information [...]