N.J. Leads the Nation in Foreclosure Starts

New Jersey

New Jersey led the nation in foreclosure starts in the second quarter, as the mortgage industry continues to deal with a backlog of loans that went bad in the housing crash.

Lenders started foreclosure proceedings on 0.75 percent of mortgages in the state during the quarter, the Mortgage Bankers Association reported this week. That compares with a national rate of 0.32 percent, the lowest rate since 2000.

And about 11.6 percent of New Jersey mortgages were either in foreclosure or delinquent on payments during the quarter. While that number is down from 13.6 percent in the second quarter of 2015, it is still almost twice the national rate of 6.3 percent, according to the MBA.

The worst of the foreclosure crisis has passed in most of the nation. But the process has been delayed in New Jersey because the state requires lenders to go through the courts to evict homeowners who default. In addition, the state slowed down foreclosure activity several years ago while the mortgage industry answered allegations of abusing homeowners’ rights.

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If you are in New Jersey and are looking for help with foreclosure, call Denbeaux & Denbeaux at (201) 664-8855 or fill out their online form for a FREE Case Evaluation. Let the lawyers and staff at Denbeaux & Denbeaux serve you!



3 Responses to “N.J. Leads the Nation in Foreclosure Starts”
  1. lvent says:

    My ex FBI AGENT father said to me over the phone one day what good would it do for the WALL STREET CROOKS to go to prison?

    I couldn’t believe it & it made me think there’s lots more to the story than what we’re being told.

    The investigator from AG MADIGANS OFFICE KEVIN O’CONNELL said to me when we met in regards to the FRAUD – where there’s lots of money being made there’s FRAUD.

    Isn’t that why they’re unlawfully covering that up?

  2. lvent says:

    I think what they’re doing to WE THE PEOPLE is so criminally despicable nothing pales in comparison.

    They have families turning on each other & dumping those they don’t want in death wards that include where they live & nearly everywhere & that’s beyond CRIMINALLY MISCHIEVOUS that’s the definition of WAR CRIMES.

    God’s judgment is going to be upon them for eavesdropping in our private lives unlawfully to let the FRAUD INVESTORS gamble on who should be wrongfully condemned or not.

  3. lvent says:

    They might have declared us dead to collect insurance money so they want to knock us off to destroy evidence.

    The investors in their own fraud stole my social #341-66-6698 by IDENTITY THEFT & they’ve used FALSE IMPRISONMENT by CRIMINAL ENTRAPMENT to try & hide that.

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