In the recent years the New Jersey foreclosure homes market has dipped. However, the sub-prime market is looking good. This is a good sign, as this will help the lenders to provide credit to the people.
Considered to be one of the states with the highest foreclosures rates, New Jersey foreclosures filings reached 4,780 homes this March. There were 3,784 Notice of Defaults, 725 Notice of Foreclosure Sale, 1 Lis Pendens and 270 Real Estate Owned. The number of New Jersey foreclosures filings was fewer than February’s but 28.91 percent more compared to the same period last year.
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