NJ Foreclosure Update

NJ Foreclosure Update

Mortgage foreclosures way up in N.J. By Cynthia Burton Inquirer Staff Writer New Jersey’s residential-mortgage foreclosure rate shot up 29 percent from 2008 to 2009, with a South Jersey county among the hardest hit, according to statistics released yesterday.The number of commercial foreclosures, meanwhile, was up 68 percent, from 875 to 1,471. The counties with…