Summary
A record 64,800 New Jersey households -- and a record 2.9 million nationwide -- faced foreclosure filings during 2010, RealtyTrac reported Wednesday. The numbers would have been even higher, but many lenders voluntarily held off on foreclosure activity during the fall as they reviewed their legal practices.
"Many of the foreclosure proceedings that were stopped in late 2010 -- which we estimate may be as high as a quarter million -- will likely be restarted and add to the numbers in early 2011," said James J. Saccacio, chief executive officer of RealtyTrac, a California company that tracks the foreclosure nationwide.See the full content of this document
Extract
Foreclosures Set to Resume
A number of major lenders -- Bank of America, J.P. Morgan Chase, GM...
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