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1/12 of nj mortgages in foreclosure

Started by Riversider
over 14 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
http://www.northjersey.com/realestate/news_residential/134072073_8__of_NJ_mortgage_holders_in_foreclosure_process.html
Response by Riversider
over 14 years ago
Posts: 13573
Member since: Apr 2009

About one in 12 New Jersey mortgage holders were in the foreclosure process in the third quarter, reflecting a backlog caused by the "robo-signing" mess, the Mortgage Bankers Association said Thursday

About 8 percent of mortgages are in the foreclosure process in the Garden State, compared with 4.4 percent nationwide, the mortgage trade group said.

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Response by User_Usertofferson
over 14 years ago
Posts: 82
Member since: Jul 2010

and only 6% of the total are from CRA bound banks meaning over 90% of the mortgages in foreclosure had nothing to do with CRA.......

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Response by Riversider
over 14 years ago
Posts: 13573
Member since: Apr 2009

They moved to Jersey, took out a mortgage , elected Corzine and POOF!
Money is gone!

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