From the Star Ledger:
Residential foreclosure complaints in New Jersey were up 43 percent in July over the same month last year, but dipped slightly from June’s high, according to data from the state judiciary.
Foreclosure filings were up by 50 percent or more in eight of New Jersey’s 21 counties: Monmouth, Atlantic, Bergen, Hudson, Sussex, Somerset, Hunterdon and Middlesex counties.
From the Press of Atlantic City:
Foreclosure filings kept surging in Atlantic and Cape May counties in August, even as they fell slightly nationwide.
Atlantic County foreclosures increased 26 percent in August after jumping 36 percent in July, while Cape May County saw increases of 25 percent in August and 34 percent in July.
Filings in New Jersey rose 29 percent from July to August after soaring 49 percent the month before.
“Part of the reason for New Jersey’s increase over the last two months is that the volume of foreclosure activity was so high over the last year or so that the Superior Court got behind in processing the paperwork,” Daren Blomquist, spokesman for RealtyTrac, said Wednesday. “Now they’re catching up with activity that under normal conditions would have shown up in previous months.”
Foreclosure filings in the U.S. exceeded 300,000 for the sixth straight month as job losses that boosted the unemployment rate to a 26-year high left many homeowners unable to keep up with their mortgage payments.
A total of 358,471 properties received a default or auction notice or were seized last month, according to data provider RealtyTrac Inc. That’s up 18 percent from a year earlier, and down 0.5 percent from July, the Irvine, California-based company said in a statement. One in 357 households received a filing.