Hoboken and Jersey City are not immune to the Realty Trac, the leading online marketplace for foreclosure properties released its Year-End 2010 U.S. Foreclosure Market Report™ which showed 3,825,637 foreclosure filings-default notices, scheduled auctions and bank repossessions which was an increase of 2% from 2009 and an increase of 23% from 2008. Following are the current statistics from Realty Trac’s site for Hoboken and Jersey City. The statistics include condos, single and multiple family homes. Hoboken:
Pre-foreclosure: 114 Auction: 2 Bank owned: 21 Jersey City:
Pre-foreclosure: 2124 (yes, that's two thousand one hundred and twenty four!) Auction: 62 Bank owned: 296 If you or someone you know is at risk of foreclosure in Hudson County, log onto ForeclosuresHudsonCounty.com where you can find tips on foreclosure solutions. Do NOT go into foreclosure! There are much better alternatives such as selling your property as a short sale or applying for a mortgage modification. Call or email me with any questions. Edward (Eddie) Perez
foreclosure wave that has been sweeping across the U.S. over the past 2 years.
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