TRENTON, NJ – New Jersey has a foreclosure crisis and it’s getting worse. In a recent survey, New Jersey was found to have the highest foreclosure rate in the nation at nearly twice the national average. On top of that, New Jersey’s foreclosures remain active more than most all other states.
One in 596 homes in New Jersey are in foreclosure. The national average was one in 1,121 properties.
New Jersey is at the top of the list when it comes to tax rates, cost of living, and housing expenses nationwide, contributing to its placement at the top of the foreclosure list as inflation soars out of control in the U.S.
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