"New Jersey homes in the foreclosure process came to almost 8 percent of the state’s mortgages, according to the Mortgage Bankers Association. And 7.8 percent of mortgage holders are at least one payment late.
A new report by the Mortgage Bankers Association said more than one out of 10 New Jersey mortgage-holding homeowners are either in foreclosure or are behind in payments by more than 90 days. According to the report, New Jersey’s combined foreclosure/seriously delinquent rate of 11.36 percent was the third highest in the country".............READ MORE
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