foreclosure icon

w

New Jersey retains the unpopular distinction of having the highest foreclosure rate in the nation, according to ATTOM Data Solutions, a curator of the United States’ largest multisource property database.

In New Jersey, 1.61 percent of properties had a foreclosure filing for 2017, followed by Delaware (1.13 percent), Maryland (0.95 percent), Illinois (0.86 percent) and Connecticut (0.78 percent.)

On a local level, according to the report, among 217 metropolitan areas of at least 200,000 people, the Atlantic City area had the highest foreclosure rates in 2017, with 2.72 percent of housing units having a foreclosure filing.

The resort was followed by Trenton (1.68 percent) and Philadelphia (1.26 percent.)

New Jersey also was in the top three in biggest backlogs of legacy foreclosures.

Across the U.S., 50 percent of all loans actively in foreclosure originated between 2004 and 2008.

The states with the largest backlogs of these foreclosures are New York (25,886), New Jersey (20,172) and Florida (19,494.)

Contact: 609-272-7258 MReil@pressofac.com Twitter @acpressmaxreil

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

PLEASE BE ADVISED: Soon we will no longer integrate with Facebook for story comments. The commenting option is not going away, however, readers will need to register for a FREE site account to continue sharing their thoughts and feedback on stories. If you already have an account (i.e. current subscribers, posting in obituary guestbooks, for submitting community events), you may use that login, otherwise, you will be prompted to create a new account.

Load comments