Foreclosures Down In NJ
May 17, 2011 by Jack Collie · Leave a Comment
A decreasing number of home foreclosures in New Jersey do not mean the state’s struggling homeowners are finding ways to keep their houses.
“I suppose that we’re not feeling any change because we’re still dealing with people who have received their notices and are trying to get help,” said Phyllis Salowe-Kaye, executive director of New Jersey Citizen Action, which offers legal help for homeowners facing foreclosure.
Realty Trac, an Irvine, Calif.-based firm that monitors court filings related to foreclosures, found that the number of initial legal notices of intent to foreclose went from 31,000 in 2006 to more than 50,000 in 2009. And the number of homes actually taken over
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