Miranda Tsotsoria

Sales Associate

 
New Jersey foreclosure filings fell in July, in contrast to a national trend, according to RealtyTrac Inc., of Irvine, Calif.
Nationwide, 272,171 properties received default notices, auction sale notices or were subject to bank repossessions during July 2008, up 7.9 percent from the previous month and 55.1 percent higher than the year-ago period. One out of every 464 U.S. households received a foreclosure filing during July 2008, according to RealtyTrac.
 
In New Jersey total of 4,622 properties received a foreclosure filing during June, or one in every 751 households. This places New Jersey at the 19th place in the list of active foreclosure states in the nation.. The state’s foreclosures for July 2008 were down 7.6 percent from June 2008, though it was 11.2 percent higher than year 2007.
 
Nevada continued to top the nation for foreclosure rates, with one in every 106 households getting a foreclosure filing in July. California again came in second with one in every 182 households, followed by Florida with one in every 186 households.
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