NASDAQ to delist Home Loan Servicing Solutions

NASDAQ to delist Home Loan Servicing Solutions

Next shoe in New Residential deal drops

First-time buyer GSE mortgage loans are getting far riskier

Risk index for agency mortgages for new buyers at series high

6 secrets to dealing with regulations for mortgage servicers

A candid look from the perspective of 2 recovering regulators
W S
Servicing / The Ticker

Struggling N.J. city misses out on foreclosure revenue

Foreclosure
/ Print / Reprints /
| Share More
/ Text Size+

According to the Times of Trenton, the city of Trenton, N.J., missed out on thousands of dollars in potential revenue because it failed to pursue foreclosure cases against delinquent taxpayers for the past three years. The paper explains why in a recent report:

“We haven’t done any foreclosures for a while,” said Edward Kirkendoll, the municipal tax collector.

Hutchinson said the city stopped processing foreclosures after it laid off staff in recent years. The city previously had a real estate department that oversaw foreclosures, he said.

Hutchinson said he was concerned that, because the city has not been processing foreclosures, property owners have less incentive to pay their taxes on time, and the city has been missing out on revenue.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus