Despite the fact that the national foreclosure rate seems to be improving, year after year New Jersey continues to lead the nation in foreclosures. Recently, a bill package has been advanced by the New Jersey State Senate that seeks to address the state’s foreclosure crisis. Continue reading “Proposed New Jersey Legislation Seeks to Combat Foreclosure Crisis”
As some states around the country are seeing their foreclosure rates fall, New Jersey leads the U.S. in foreclosures, according to an article from NJ.com.
During the first half of this year, the number of properties starting the foreclosure process was 17% less than it was the same time last year, according to RealtyTrac. According to the data, 533,813 properties are filing for foreclosure — the lowest levels in 10 years. Meanwhile, New Jersey leads all states with 34,876 properties.