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NJ Ranks No. 2 in Foreclosures Nationwide

NEWARK, NJ-While showing some improvement, home foreclosures still dog the residential sales market in New Jersey.

By John Jordan | Updated on August 28, 2013

NEWARK, NJ-While showing some improvement, home foreclosures still dog the residential sales market in New Jersey.

According to CoreLogic‘s monthly National Foreclosure Review, the state of New Jersey ranked behind just the state of Florida in foreclosure filings. The firm reports that at least 6% of mortgages in the state are currently in the foreclosure process. The national average stands at 2.5%. Between June 2012 and June of this year more than 3,400 homes completed foreclosures in the state of New Jersey.

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