realtytrac vice president daren blomquist says that although New Jersey has seen a 42 percent increase in foreclosures in the first quarter, a 12 percent decrease in March could be a sign of change.
RealtyTrac: Foreclosure filings near 5-year low the National Low Income Housing Coalition and the National Policy and Advocacy.. homelessness, with nearly two-thirds representing homeless. Page 5. Foreclosure to Homelessness 2009: the Forgotten Victims of.. According to a May 2009 report by RealtyTrac, foreclosure filings – default notices,
foreclosure process, has caused a backlog of foreclosure cases in the New york state court system. With more than 83,000 pending in the last quarter of 2014, foreclosure cases makeup nearly a third of New York’s civil caseload.
Former MBA Chairman David Kittle joins ComplianceEase The cooperative is managed by its founding members: john robbins, CMB; David Kittle, CMB, Gary Acosta, CEO of the National Association of hispanic real estate professionals (NAHREP); and Jim Park, the former chair of the Asian Real Estate Association of America (AREAA).
Backlog Worsens For U.S. Courts As Foreclosure proceedings face scrutiny. due to shoddy foreclosure procedures, the backlog has. their own reviews of foreclosure procedures. In New York, the.
Florida’s High-Speed Answer to a Foreclosure Mess. The New York Times. by GRETCHEN MORGENSON and GERALDINE FABRIKANT September 4, 2010 Florida has set up foreclosure-only courts to reduce a huge backlog, but borrowers’ lawyers are critical of the process.
NY foreclosure backlog: ‘A different world’ The New York foreclosure system reached a crisis point in late 2010. banks were filing more foreclosure cases than the courts could resolve, creating a backlog in the state that could take more than a decade to unwind. Many homeowners entered court.
New York foreclosure courts face seven-year backlog: RealtyTrac At the rate the New York court systems are currently working through the backlog of foreclosure cases, it will take more than seven years to clear, according to RealtyTrac. New York is a judicial state, whereby foreclosures are completed through the court system.
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"Clearing the pipeline in New Jersey, which like New York handles foreclosures through the courts, would take 49 years. In Florida, Massachusetts[,] and Illinois, it would take a decade." David Streitfeld, Backlog of Cases Gives a Reprieve on Foreclosures, N.Y. Times A1 (June 19, 2011) (available at
Daren Blomquist, a Vice President at RealtyTrac, has proclaimed that we have "past the worst of the foreclosure crisis.’ He points to what he claims to be a five-year low, along with year-over-year decreases in foreclosures for the twenty-fourth consecutive month as the evidence. The only thing any of this is evidence of is that Mr. Blomquist is thick in the head.
A record one million homes were foreclosed on in 2010 according to RealtyTrac, and the firm says 2011 foreclosures will be even worse. their group matches The City Council of the City of New York.