Foreclosures Down 6% From Last Year

There were 1,041 new foreclosures scheduled for auction in New Jersey in July 2009. This is almost equal to June 2009 (1,036) and 6% lower than in July 2008 (1,107). Essex County had the highest number of scheduled foreclosures in July 2009, while Atlantic County had the highest foreclosure rate. There were 152 new foreclosures in Essex County in July 2009, 96 in Middlesex County, 94 in Ocean County and 79 in Union County. Atlantic County had the highest rate of foreclosures per household, with one in every 1,418 homes scheduled for auction in July 2009. RER.

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