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New Jersey Leads the nation Again in Forclosures

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file photo by Boyd Loving

March 21,2018

the staff of the Ridgewood blog

Ridgewood NJ, according to FOX Business News ,”Two-and-a-half million U.S. homeowners were underwater on their mortgages as of the fourth quarter of 2017, according to property analytics provider .” and New Jersey has once again claimed the honor of leading the nation in foreclosures in 2017.According to a new report from ATTOM Data Solutions last year close to 70,000 properties went through the foreclosure process in the Garden State, still less than the roughly 74,000 in 2016. That’s far from the rest of the nation, which is experiencing 12-year lows.

Bergen County had : 3,357 (one for every 105 houses) Foreclosures, which was actually down from 2016 by -15 percent . 46 homes are currently listed in Foreclosure on Real Estate website Trulia in Ridgewood .

New Jersey is hurt in the numbers because foreclosures take longer to play out in the state, but with the new drive from Governor Murphy and the Trenton mafia to raise taxes on everything , you can be sure that added cost pressures will and drive more businesses and home owners out of the state.

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