From the Press of Atlantic City:
Cars line the curb and Halloween decorations still hang in the front yards of the houses on Reel Avenue, a short street in the Ocean Acres section of the township.
Two houses are set apart from the others by their emptiness, by the uncollected leaves covering their lawns and by an open, overstuffed mailbox. The two homes, which sit across from each other, are in foreclosure.
“It’s really a sad situation, but a lot of times it gives other people the opportunity to purchase a home,” said Jean Ball, a real estate agent with Remax who is listing the home at 148 Reel Ave.
Sad, but not unique. New Jersey’s rate of foreclosures jumped 75 percent this October compared with last year, according to the Research firm RealtyTrac. According to the California-based real estate Web site, New Jersey had the eighth-highest foreclosure rate in the nation.
In Ocean County, foreclosures this year have more than doubled since 2006. On average, about 30 people per day are losing their homes, said Beatrice M. Nitche, chief clerk to Ocean County Clerk Carl Block.
“In the past, in a month, we used to get four, five or six foreclosures a day. Now we’re getting about 30 a day and 700 a month,” Nitche said. “People are just really extending themselves.”