Business & Tech
Report: Foreclosures Down in New Jersey
According to report, foreclosure filings decreased 82 percent in the last year.
NorthJersey.com reports today that according to RealtyTrac foreclosure activity has slowed to a crawl in New Jersey, as lenders work to comply with legal rules.
The website's report states that "foreclosure filings dropped 82 percent from April 2010 to April 2011 in New Jersey, according to RealtyTrac, a California company that tracks the foreclosure market. Similarly, the New Jersey Judiciary said Wednesday that activity is down 95 percent for the first four months of the year, compared with the same period in 2010." See the full report here.
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