Comments on: Foreclosures Up 79% in 2007 http://www.fhaloanpros.com/2008/01/foreclosures-up-75-in-2007/ The Unofficial Guide to FHA Loans & Mortgages Fri, 25 Jul 2008 02:03:14 +0000 http://wordpress.org/?v=2.0.5 by: Peter G. Miller http://www.fhaloanpros.com/2008/01/foreclosures-up-75-in-2007/#comment-2899 Sat, 02 Feb 2008 11:14:10 +0000 http://www.fhaloanpros.com/2008/01/foreclosures-up-75-in-2007/#comment-2899 Ray -- Good post, thank you. Given that real estate is a localized commodity you may well have fewer foreclosures in one state than another. Certainly for California, Florida, Nevada, Michigan, Ohio, etc., the situation is different then what you are seeing in New Jersey. Ray –

Good post, thank you.

Given that real estate is a localized commodity you may well have fewer foreclosures in one state than another. Certainly for California, Florida, Nevada, Michigan, Ohio, etc., the situation is different then what you are seeing in New Jersey.

]]> by: Ray Meyers http://www.fhaloanpros.com/2008/01/foreclosures-up-75-in-2007/#comment-2870 Fri, 01 Feb 2008 19:47:52 +0000 http://www.fhaloanpros.com/2008/01/foreclosures-up-75-in-2007/#comment-2870 I have been involved with the sheriff sales in nj for 13 years and I can tell you that it was busier 8-13 years ago then it is today (although many of my clients (the banks attorneys) tell me that every month their new referals are hitting the roof. The past 5 years have been extremely slow (because of the real estate boom). It has not yet hit the norm (at least at the sheriff sale level) that it was prior to the boom. This is in nj only though, I realize that other states may be getting hit much harder. Ray I have been involved with the sheriff sales in nj for 13 years and I can tell you that it was busier 8-13 years ago then it is today (although many of my clients (the banks attorneys) tell me that every month their new referals are hitting the roof. The past 5 years have been extremely slow (because of the real estate boom). It has not yet hit the norm (at least at the sheriff sale level) that it was prior to the boom. This is in nj only though, I realize that other states may be getting hit much harder.

Ray

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