NJ Foreclosures Drop by 33%

Declining by 33% in the month of February, the number of new foreclosure filings is good new for the real estate market. Currently ranked 34th in the nation, New Jersey's actual foreclosure rate for February was .02% - compare that to the National Average, which is triple, of .06%. New filing in NJ was .06% for Feb - down from Jan .09% - and less than half of the US rate of .14%. -Data supplied by The Otteau Valuation Group.