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New Jersey Seeing "Second Wave" of Foreclosures |
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 The long-expected second wave of foreclosures in states where courts delayed their processing appears to have begun in New Jersey and area counties, with filings jumping in the second quarter from a year ago.
Foreclosure filings in Atlantic County were up 80 percent from the second quarter last year. Increases were seen of 33 percent in Cape May County, 53 percent in Ocean County and 66 percent in the state overall, according to RealtyTrac.
New Jersey is among 22 states that make foreclosure a judicial process, and from 2010 to fall 2011, foreclosures were largely halted by the courts in response to reports of processing irregularities in this and other states.
At Gay Realty Watch, we look for news to share with you about the gay real estate market - both lgbt real estate news and news specific to gay and lesbian real estate meccas.
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Published on:
July 29, 2012
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