New Jersey: Which County Has the Highest Foreclosure Rate in N.J.?
While the housing market rebounds to pre-recession numbers in many states, New Jersey is still struggling to push properties through the foreclosure process, leaving the state with one of the leading foreclosure rates nationwide and the highest number of vacant homes in distress.
As of April, just under one-half of a percent of homes across the United States are in the the foreclosure process, a dip from last year’s overall activity at 0.82 percent, which was a nine year low.
In New Jersey, there are currently 64,487 distressed properties that have filed for foreclosure, making for a statewide rate of 2.45 percent, according to data provided by the Calif.-based housing firm RealtyTrac.
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