April 15, 2016 | Number of The Day
New Jersey no longer top state for foreclosures, now ranked second

New Jersey is no longer the top state in the nation when it comes to the number of homes in foreclosure, according to RealtyTrac, the real estate data company. For the first quarter of 2016, one in 216 New Jersey housing units were in foreclosure, putting it in the second spot. Maryland was number one, with one in 194 units in foreclosure. New Jersey was followed by Nevada (one in 236 units), Delaware (one in 240 units), and Florida (one in 274 units).

Nationwide, the foreclosure rate was down 8 percent from the same quarter in 2015, with 289,116 units having filed.

Atlantic City and Trenton were cited as the two worst metropolitan areas in the country. Atlantic City has one in 106 units with a foreclosure filing and the Trenton area has one in 168 units in foreclosure.

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