http://www.sheriffsalesonline.com/blog Foreclosures, Sheriff Sales, REO, Tax Leins, Probate and all associated topics Fri, 04 Jan 2008 02:45:23 +0000 http://backend.userland.com/rss092 en What a way to bring in the new year. Passaic county has listed one hundred and twenty two (122) properties for sale next week. This is the biggest list they have put out in four years! You can expect the next few weeks of Passaic sales to be big as ... http://www.sheriffsalesonline.com/blog/2008/01/03/122-properties-on-this-weeks-passaic-sale-list/ We are sorry to say that after months of trying to work things out with employees in the NYC metro area we have decided to put our New York service on hold. We are very sorry to do this and the fall in service had to do with some issues ... http://www.sheriffsalesonline.com/blog/2008/01/02/new-york-service-will-be-temporarily-disabled/ So the news on the street today is that the "Hope Now" alliance, headed by Treasury Secretary Henry Paulson , is playing with the idea of freezing interest rates on some of the sub-prime loans in the market. In a sense this would preserve the teaser rates for a longer ... http://www.sheriffsalesonline.com/blog/2007/11/30/hope-now%e2%80%9d-alliance-might-alter-loan-contracts/ As if we all didn't see this coming. Discount brokers are hitting hard times in the market and Foxtons out of New Jersey has stated that it might be headed for bankruptcy. Foxton's announced that they will be laying off approximately ALL of their staff. I wonder if I can ... http://www.sheriffsalesonline.com/blog/2007/09/27/the-fall-of-the-discount-broker/ As if we didn't know already, Henry Paulison stated today that the mortgage problem is not a reflection on the real economy but a problem caused by bad lending practices. I guess he is trying to shift the heat of this foreclosure news onto the lenders and as far away ... http://www.sheriffsalesonline.com/blog/2007/09/12/paulison-points-the-finger/ What is wrong with this country? Now the government has decided to enable Fannie Mae and Freddie Mac to bail out homeowners.  Uncle Sam is not responsible for buyers who over extended themselves. The market needs to let this play out and unfortunately people need to get hurt for this ... http://www.sheriffsalesonline.com/blog/2007/09/11/government-bailouts-out-of-control/ You have to read this, I took it from Diana Olick's blog on CNBC. Times are already becoming desperate! It seems local New York City reporter Lou Young, of WCBS, came upon a story about two mortgage brokers in New Rochelle, NY, who lost money on an investment property and so, ... http://www.sheriffsalesonline.com/blog/2007/09/11/broker-to-brothel/ Here is the time when the career jumpers are all leaving the industry. Countrywide has decided to lay off over 25% of their work force and others are soon to follow. This means on a local level too. If you just got into this industry and you are in it ... http://www.sheriffsalesonline.com/blog/2007/09/10/this-is-the-shake-out-you-have-been-waiting-for/ Have we not been talking about this for weeks, even months. The data lag is finally catching up with the news in the industry, or is it. Think of it as a ripple effect, first the industry people working the streets start to feel and see whats going on. Most ... http://www.sheriffsalesonline.com/blog/2007/09/09/record-high-foreclosures-no-sht/ BY ANDREW KITCHENMAN Sunday, September 02, 2007Mercer County has been swept up in the mortgage meltdown affecting the nation, as foreclosures increase and residents face the re sults of taking out subprime mort gages with higher interest payments. Foreclosure filings have risen from 728 through Aug. 20, 2006 to 928 ... http://www.sheriffsalesonline.com/blog/2007/09/05/forclosure-woes-touch-all-mercer-towns/