Tag archives for New Jersey

Biggest Down Payments in the Country Found in New Jersey

According to LendingTree, the national average down payment on a home today is 12.29 percent. However, in New Jersey borrowers are putting down nearly 1.5 percent more than that, making down payments in New Jersey the highest in the country at 13.76 percent. The state is followed closely by Washington, D.C. with 13. 54 percent, New York with 13.51 percent, Read full article »

New Jersey Braces for Foreclosure Onslaught while Christie Faces Criticism for Slow Action on Foreclosure Rescue Fraud Bill

Last December, state supreme court justice Stuart Rabner called a halt to foreclosures by some of the biggest banks in the country in the state of New Jersey, demanding that Bank of America, Wells Fargo, JPMorgan Chase and other major lenders cease and desist all foreclosures in the state until they had proven that they had dealt with potential consumer Read full article »

New Jersey Gets a New Foreclosure Overseer

Yesterday a New Jersey judge created a special position for an individual to oversee foreclosure proceedings. Superior Court Judge Richard Williams has been appointed “Foreclosure Overseer,” meaning that he will oversee foreclosure matters in the state and “safeguard the foreclosure process.” The move follows state Supreme Court Chief Justice Stuart Rabner’s December order in which he demanded that major lenders Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.