Oops, we did it again.
Oops, we did it again.
The Atlantic City metropolitan area, which is essentially Atlantic County from the resort to Hammonton, leads the nation in foreclosures.
According to ATTOM, a property data provider, among the 223 metropolitan statistical areas with a population of at least 200,000, Atlantic City had the highest foreclosure rate in April.
In that month, one in every 1,356 housing units was in a foreclosure filing, compared with one in every 4,234 housing units nationwide.
Ongoing economic challenges and backlogged foreclosures working through the pipeline after the lifting of a federal moratorium on foreclosures during the COVID-19 pandemic account for some of the increase this year, according to Rob Barber, CEO of ATTOM.
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