here we note from Bloomberg this number for New Jersey also cited as from RealtyTrac -
The one in 751 number for July is at some stage of foreclosure. The one in 201 number is for the second quarter (April to June) also at some stage of foreclosure. The foreclosure process has a lengthy time line. Wonder why such a large discrepancy between the numbers?
New Jersey filings rose 140 percent. One in every 201 households in the state received notice, the 12th-highest rate in the U.S.
Here are some other numbers from RealtyTrac -
The we have these numbers -
The number of foreclosure filings in New Jersey jumped 140 percent from April to June to more than 17,000, according to RealtyTrac.
Interesting. It seems as if RealtyTrac may be comparing apples and oranges for the state statistics. They also be comparing double and triple counted apples with oranges. Very Interesting.
Update - We know what RealtyTrac Report Methodology states and are working on a post scrutinizing some of the past data to get a better sense of New Jersey numbers and how they are portrayed. Hopefully we will have this up later today or early tomorrow.