New home foreclosures decline in South Jersey but still higher than last year - Breaking News - pressofAtlanticCity.com Mobile

New home foreclosures decline in South Jersey but still higher than last year - Breaking News - pressofAtlanticCity.com Mobile

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New home foreclosures decline in South Jersey but still higher than last year

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Dale Gerhard

Greg Schoultz, owner and real estate broker of Townsends Inlet Realty in Sea Isle City, was the agent for a client that purchased a home at 56th and the Bay in Sea Isle, through a bank foreclosure. Monday Sept. 30, 2013. (Dale Gerhard Photo/Press of Atlantic City)

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Real estate agents in South Jersey are seeing fewer new foreclosure filings on homes, even as banks continue to shed their inventory of distressed properties a few at a time each week through county sheriff sales.

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1 image

Dale Gerhard

Greg Schoultz, owner and real estate broker of Townsends Inlet Realty in Sea Isle City, was the agent for a client that purchased a home at 56th and the Bay in Sea Isle, through a bank foreclosure. Monday Sept. 30, 2013. (Dale Gerhard Photo/Press of Atlantic City)