DS News - Digital Archives

November, 2012

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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VISIT US ONLINE @ DSNEWS.COM New Jersey rank: 2 90+ Day 4.14% 3.29% 26.0% 90+ Day 5.75% year ago 4.45% percent point change 29.1% 6.1% Top Core-Based Statistical Area ATLANTIC CITY, NJ 90+ Day 5.74% year ago 4.58% percent point change 25.2% 12.9% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the August 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 9.86% Delinquency Rate august 2012 11.13% Foreclosure Rate 12.29% STAT INSIGHT $72 million from the national mortgage settlement used to address housing issues. Source: Enterprise Community Partners Percentage of New Jersey's 0% IN THE NEWS Local Auction House Holds New Jersey Property Sale in October Company, Inc., auctioned off three bank- owned properties in Southern New Jersey on Friday, October 5. The auction included one bayfront Warner Real Estate & Auction property; a large, two-story colonial converted into a professional office; and an eight-acre land parcel consisting of seven lots. The auction was conducted off-site at the Residence Inn Atlantic City Somers Point. Properties were inspected during scheduled previews or by appointment. A percentage of the high bid went to the registered broker. Headquartered in Woodstown, New New Mexico rank: 14 90+ Day 1.90% 1.91% -0.4% 90+ Day 2.77% year ago 2.25% percent point change 23.4% 13.6% Top Core-Based Statistical Area ALBUQUERQUE, NM 90+ Day 2.19% year ago 2.15% percent point change Jersey, Warner Real Estate & Auction Company is a real estate brokerage and auction marketing firm serving New Jersey and Pennsylvania. 2.1% 10.6% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the August 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 4.21% Delinquency Rate august 2012 4.66% Foreclosure Rate 6.10% STAT INSIGHT area during the second quarter. Source: HomeValueForecast.com market for single-family homes sold in the New York metro Average days spent on the 135 97 Delinquency Rate Foreclosure Rate august 2012 4.10% year ago 3.75% percent point change 9.4% Top County TORRANCE COUNTY Delinquency Rate august 2012 6.93% Unemployment Rate 6.5% 7.5% -13.3% Foreclosure Rate Custom Loss Mitigation Services Michael J. Wallace 516.319.1600 mjwallace@wallacerealestatesolutions.com WallaceRealEstateSolutions.com 3.85% percent point change -19.6% 15.4% Top Core-Based Statistical Area KINGSTON, NY 90+ Day 4.20% year ago 4.57% percent point change -8.0% 28.1% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the August 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 7.07% Delinquency Rate august 2012 9.06% Foreclosure Rate Delinquency Rate Foreclosure Rate august 2012 8.13% year ago 7.33% percent point change 11.0% Top County ESSEX COUNTY Delinquency Rate august 2012 13.04% 3.10% year ago 3.03% Unemployment Rate 9.9% 9.4% 5.3% Foreclosure Rate 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 90+ Day New York rank: 5 90+ Day 2.99% 3.19% -6.4% Delinquency Rate Foreclosure Rate august 2012 6.36% year ago 5.39% percent point change 18.0% Top County SULLIVAN COUNTY Delinquency Rate august 2012 3.50% Unemployment Rate 9.1% 8.3% 9.6% Foreclosure Rate New York

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