Foreclosures in New Jersey in a troublesome state of flux
While two of New Jersey’s largest mortgage lenders are vigorously filing new foreclosures, the state is still waiting for them and other major banks to certify the accuracy of documents in a huge backlog of pending cases.
The parallel trends have worried some foreclosure counselors who fear the reckoning, when it arrives, will be worse for the state’s housing market than previously predicted. (Tyrrell, NJ Spotlight)
