New Jersey, New York, Florida: States with the Biggest Backlogs of Bad Bubble-Era Loans

most foreclosures

New Jersey, New York, Florida: States with the Biggest Backlogs of Bad Bubble-Era Loans

Ten years after the housing bubble burst in August 2006, a handful of states are still struggling with a low-grade foreclosure fever.

In these states an elevated level of bad loans originated during the last housing bubble is still lingering in the bloodstream, keeping local housing markets from returning to complete health despite many other signs of recovery.

More here…

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