Foreclosures Surging in New York-New Jersey Market

Foreclosures Surging in New York-New Jersey Market - Bloomberg: "The epicenter of the U.S. foreclosure crisis is shifting to New Jersey and New York, threatening a housing rebound in one of the country’s most densely populated areas.

New Jersey has surpassed Florida in having the highest share of residential mortgages that are seriously delinquent or in foreclosure, with New York third, a Mortgage Bankers Association report showed last week.

 The number of New York and New Jersey homeowners losing their houses reached a three-year high in 2013."



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