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Report New Jersey Has Highest Percentage of Mortgage Foreclosures

Submitted by webadmin on

According to CoreLogic, a leading provider in real estate data, New Jersey has the highest percentage of foreclosures among mortgaged homes at 5.5 percent, the Asbury, N.J., Park Press reported today. New York and Florida tied for second place at 4.1 percent. New Jersey also had the highest serious delinquency rate at 9.1 percent, according to the report, again surpassing both Florida and New York. However, the foreclosure rate in the United States is dropping: The recent report states that 605,000 homes in the United States were in some stage of foreclosure as of October, 2014, compared to 875,000 homes in October, 2013, a 30 percent decrease.