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Market Trends May 2011
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Market Trends May 2011


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  • 1. Phone: 732-536-9010x163 | Email: License #:0341538 Vivian Morffi I am available locally to assist you in purchasing a Keller Williams Realty foreclosure property or another property best suited to your 176 Route9 North needs. Buying or selling, I am here to act as your local real Englishtown, NJ 07726 estate specialist. May 2011 Vol. 5, Issue 10 New Jersey Foreclosure Activity Down in First 6 month New Jersey Foreclosure Quarter Trends Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 8,795 New Jersey properties during the first quarter of 2011, down 43 percent from the fourth quarter of 2010 and 44 percent below the level reported for the same quarter last year, according to the latest RealtyTrac® U.S. Foreclosure Market Report. NOD NTS NFS LIS REOForeclosure Activity at Here are some of the most recent Investment opportunities in the area.40-Month LowForeclosure filings — default Pre-Foreclosurenotices, scheduled auctions and Merchants Waybank repossessions — were Colts Neckreported on 219,258 U.S. NJ, 07722properties in April, a 9 percentdecrease from March and a 34 Amountpercent decrease from April $1,235,0002010. The report also shows Beds/Bathone in every 593 U.S. housing 0/0units received a foreclosure Sq. FTfiling during April 2011. 0“Foreclosure activity decreasedon an annual basis for theseventh straight month in April, Property Type Address Amount Default Sq. Ft.bringing foreclosure activity to a40-month low,” said James J. Pre-Foreclosure Cedar Dr,Saccacio, chief executive officer $1,500,000 N/A 0 Colts Neck, NJ 07722of RealtyTrac. “This slowdowncontinues to be largely theresult of massive delays in Auction Hambletonian Dr, $2,991,877 N/A 0 Colts Neck, NJ 07722processing foreclosures rather Auction Date: 6/27/11than the result of a housingrecovery." FORECLOSURE TRENDS : FEBRUARY 2011 Why I’m Not Giving Up on Homeownership Responding to a recent blog entry titled “Why I Am Never Going to NATL NJ MONMOUTH CTY Own a Home Again,” RealtyTrac’s Senior Vice President Rick Sharga NODs 32,184 0 0 provides his reasons — from the financial to the historical to the emotional — why “homeownership is something to enter into NTSs 79,195 0 0 seriously, but done intelligently, is, in my opinion, a much better option for families than renting.” NFSs 18,098 684 38 LISs 30,981 906 71 REOs 64,643 271 27