Relevant:
- Despite National Decline, Foreclosures Rising in Many States
- Maryland had highest rate of new foreclosure filings in U.S.
- FHA Mortgage Delinquencies Reach a Record, Led by New Jersey
- Foreclosures Worsen in New York, New Jersey as Arizona Improves
- New Jersey Foreclosures Crisis: Chris Christie Not Using $300 Million In Federal Funds To Help Distressed Homeowners, WABC Reports
2013-02-13 — newjerseynewsroom.com
``According to RealtyTrac, in New Jersey, 8.3% of mortgage borrowers have missed two or more payments. Once those borrowers miss a third payment, their homes fall into default and foreclosure filings follow.
Current home pricing data reflects this renewed "wave of foreclosures" where states posting the largest home price drops are many of the same states where the foreclosure rate has increased, including New York, New Jersey, Illinois and Maryland.''
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