From the Star Ledger:
The number of New Jersey homeowners in various stages of the foreclosure process dropped for the second consecutive month in February, displaying a housing picture that is improving, but still behind the previous year’s estimates.
Lenders sent foreclosure fillings to 3,750 N.J. properties in February, down almost 39 percent from January, according to RealtyTrac, an Irvine, Calif.-based firm that tracks real estate trends. That number, however, is still about 14 percent higher than the number of filings sent in the same period last year.
Nationwide, more than 308,524 properties received notices in February, according to RealtyTrac. That’s about a 2 percent decrease in total properties from the previous month, but a 6 percent rise from the same period a year ago.