According to a September report from RealtyTrac, nationwide foreclosure rates have dropped 24% from a year ago. For the first time since the real estate crisis foreclosure timelines have also decreased. Experts suggest the reduction in timelines is the best indication of a full market recovery because it shows states are clearing the backlog of foreclosures.
Unfortunately this improvement has not carried over to New Jersey which still ranks #2 for the highest foreclosure rates.
Continue Reading Foreclosures—New Jersey Recovery Still Slow