Foreclosures Surging in New York and New Jersey — Why?


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New Jersey has surpassed Florida in having the highest share of residential mortgages that are seriously delinquent or in foreclosure, with New York third, a Mortgage Bankers Association report showed last week. This is  threatening a housing rebound in one of the country’s most densely populated areas.

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Read the rest of the article, Foreclosures Surging in New York-New Jersey Market, at Bloomberg Business News.

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