Be patient it may be a while before we hit the bottom... - 11/11/10 11:10 AM
 

According to the Federal Reserve Bank of New York, 2.7% of current mortgage balances transitioned to delinquency, up from 2.6 percent last quarter. Additionally, industry research firm Foresight Analytics predicts residential mortgage delinquencies at 13.3% for the third quarter.
New threads are popping up every day on ActiveRain, RealTown and other sites posing the question: Has the real estate market hit bottom? Unfortunately, the answer is no ... not yet. I actually think we're a few years away from a recovery.

However, these numbers show an overwhelming need for homeowners to seek the advice and representation of … (3 comments)

New Jersey Foreclosure Breakdown....the anatomy of a Foreclosure - 11/01/10 03:56 PM
Many distressed home owners are full of questions and ask me things all the time such as; Malik, Can They Come after me if I let it go into Foreclosure or short sale? how long does the process take? will I have to move out soon? and although technically these question should be answered by an attorney here is some info about how the foreclosure process works here in NJ.

 Before you understand how the foreclosure works you must first know a little about our states policies.
How are mortgage liens treated in New Jersey?
New Jersey is known as a lien theory … (0 comments)