Foreclosure remains a grave problem in New Jersey. A snapshot of distressed properties in August 2015 reveals that one in 539 houses across the state is in foreclosure, according to RealtyTrac, the real estate website.
As might be expected, the foreclosed properties are not distributed evenly across the state. RealtyTrac designates five counties as having “high” foreclosure rates in August: Cumberland (one in every 296 houses in foreclosure); Atlantic (one in 307); Sussex (one in 318); Camden (one in 367); and Mercer (one in 384).
Somerset County had the lowest foreclosure rate: one in 952 houses, followed closely by Morris County (one in 827) and Bergen County (one in 814).