N.J. Foreclosure Filings Double, Unresolved Cases Spike 163 Percent In 2009

foreclosureForeclosure filings have doubled in the last year, creating a 163 percent spike in the number of unresolved cases, while criminal matters moved faster through the court system, resulting in a 13 percent decline in the backlog, according to a report the state Judiciary released today.

Property owners filed 4,075 foreclosure actions between July 1, 2009 and June 30, 2010, a 97 percent increase from the 2,066 actions filed the prior year. The court sets a goal of completing these cases in a year, but because of the onslaught of cases, the “backlog” of cases not completed within 12 months jumped by 163 percent, according to the report. Read more in Star Ledger.

This content, and any other content on TLS, may not be republished or reproduced without prior permission from TLS. Copying or reproducing our content is both against the law and against Halacha. To inquire about using our content, including videos or photos, email us at general@thelakewoodscoop.com.

Stay up to date with our news alerts by following us on Twitter, Instagram and Facebook.

**Click here to join over 20,000 receiving our Whatsapp Status updates!**

**Click here to join the official TLS WhatsApp Community!**

Got a news tip? Email us at newstips@thelakewoodscoop.com, Text 415-857-2667, or WhatsApp 609-661-8668.