Relevant:
- New Jersey Housing Suffers as Defaults Exceed Nevada: Mortgages
- The Next Crisis in Residential Mortgages -- New Data Emerges
- Banks Waiting on Filing Nearly 30,000 New Jersey Foreclosures
- Home Prices Likely Fell at Slowest Pace Since ‘07
- New Jersey Foreclosures Crisis: Chris Christie Not Using $300 Million In Federal Funds To Help Distressed Homeowners, WABC Reports
2012-09-17 — bloomberg.com
New Jersey's judicial review of all foreclosures, which delays seizures to help borrowers, threatens to hold down prices for years as properties remain subject to repossession and then may be sold at a discount. That's buffeting a housing market already hurt by unemployment that's risen to a 35-year high.
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