NJ-
Despite its standing as one of the most affluent areas in the country, Bergen County did not dodge the foreclosure crisis, Bergen County Clerk John Hogan said at a talk with Bergen County Grassroots today.
The good government group invited Hogan and mortgage consultant Jacqueline Wisner to speak about the county’s mortgage recording system.
The number of troubled mortgages increased drastically in Bergen County as the foreclosure crisis took hold.
In 2009, Bergen County recorded 4,594 liz pendens filings, which lenders use to indicate the possibility of a foreclosure on a property. That is more than double the number recorded in 2007.
[NJ.COM]