Week in Review in New Jersey
House of the Week: Union and Essex County 1st and 2nd Place
1st Place: Springfield, NJ Property Type: Single Family Price: $324,900 Bedrooms: 4 Baths: 2 Full Baths, 1 Half Bath Lot Size: 65X101 Area: Springfield, NJ County: Union Taxes: $6,375 MLS/Web ID: 2735604 2nd Place Bloomfield, NJ Property Type: Single Family Style: Colonial Price: $234,900 Bedrooms: 5 Baths: 2 Full Baths, 1 Half Bath [...]
The Week In Review
This week, Bloomberg reported: Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers. (I need clarification on what is the rate of default as I have read it’s 1 in 5 American homes [...]
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