[Chart] FHA mortgage insurance boom in the works?

[Chart] FHA mortgage insurance boom in the works?

MBA notes impact of cutting MIPs

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks
Servicing / The Ticker

Struggling N.J. city misses out on foreclosure revenue

/ 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