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82 STATE OF AFFAIRS: NORTHEAST » New Jersey RANK: 2 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate DECEMBER 2013 3.63% 7.19% 7.3 YEAR AGO 4.22% 8.17% 9.5 YEAR-OVER-YEAR CHANGE -13.9% -11.9% -2.2 Top County SALEM COUNTY 90+ Day Foreclosure Delinquency Rate Rate DECEMBER 2013 5.67% 11.56% YEAR AGO 6.52% 11.68% YEAR-OVER-YEAR CHANGE -13.1% -1.0% Top Core-Based Statistical Area VINELAND-MILLVILLE-BRIDGETON, NJ 90+ Day Foreclosure Delinquency Rate Rate DECEMBER 2013 7.40% 10.57% YEAR AGO 8.46% 10.42% YEAR-OVER-YEAR CHANGE -12.6% 1.4% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the December 2013 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary December 2013 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. New Jersey Lisa G Lopez Broker of Record Home Alliance Realty 142 E. Bay Ave Manahawkin, NJ 08050 609-978-9009 (o) 609-384-5109 (c) lglopez@verizon.net www.HomeAllianceRealty.com www.LisaLopezProperties.com IN THE NEWS Weichert, Realtors Names Co-President James Weichert Jr., son of Weichert, Realtors president and founder Jim Weichert, is moving up in the family business, the company announced. Working alongside his father as co- president, Weichert Jr. will be responsible for growing the firm's business while providing its customers with "an exceptional, IN THE NEWS $2.7B Ocwen-Wells Fargo Deal Halted Indefinitely Ocwen Financial Corporation announced plans to purchase the mortgage servicing rights of a portfolio worth $39 billion from Wells Fargo Bank have been halted by the New York Department of Financial Services (NY DFS). e Wall Street Journal reports the deal was halted under allegations of abusive be- havior toward homeowners, and the office of Benjamin Lawsky, superintendent of the New York regulator, has been investigat- ing Ocwen since December 2012 over the alleged abuse. e Atlanta-based busi- ness serves as a financial services holding company. In the press release, Ocwen said it "will continue to work closely with the NY DFS to resolve its concerns about Ocwen's servicing portfolio growth." e transaction has been halted indefi- nitely, and any timeline for the completion of the deal remains undecided. e NY DFS declined to comment. full-service experience through Weichert's mortgage, title, and insurance companies," Weichert, Realtors said in a release. Weichert Jr. has spent his career working up through the company's ranks, starting as a sales associate in its Jersey City/Exchange Place office. From there, he moved on to Weichert New Homes, where he worked to increase the company's representation of larger, urban-oriented developments. "I look forward with great pride and pleasure to working side by side with James as he continues to develop the astute business sense and strategic outlook that have already provided important perspective to our opera- tions throughout the company," the elder Weichert said. New York Todd Yovino Broker/Owner Island Advantage Realty, LLC Metropolitan New York and Long Island's Default Specialist for Over 25 Years Todd@iarny.com | 631-820-3400 www.islandadvantage.com New York RANK: 3 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate DECEMBER 2013 2.79% 5.58% 7.1 YEAR AGO 3.28% 6.07% 8.2 YEAR-OVER-YEAR CHANGE -14.8% -8.2% -1.1 Top County SULLIVAN COUNTY 90+ Day Foreclosure Delinquency Rate Rate DECEMBER 2013 4.24% 11.16% YEAR AGO 4.87% 11.34% YEAR-OVER-YEAR CHANGE -13.0% -1.6% Top Core-Based Statistical Area GLOVERSVILLE, NY 90+ Day Foreclosure Delinquency Rate Rate DECEMBER 2013 4.66% 9.32% YEAR AGO 4.49% 8.00% YEAR-OVER-YEAR CHANGE 3.8% 16.4% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the December 2013 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary December 2013 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. The missing piece for your Real Estate Needs! Kamla Jaikaran (Kay) Carrington Real Estate Services (US), LLC Kamla Jaikaran (Kay) 1010 Northern Blvd, Suite 208 Great Neck, NY 11021 Phone: 718-986-6517 Efax: 718-732-2711 Email: kdjaikaran@gmail.com www.carringtonres.com BPO/CMA orders: Please email: bpoprony@gmail.com