TRENTON, N.J. – Governor Phil Murphy can now claim another accomplishment:
According to the real estate website Realty Trac, New Jersey leads the nation in foreclosures with 20,000 active cases.
The nation-wide average is 1 foreclosure for every 2,471 mortgages.
The Garden State rate is 1 for every 1,006 mortgages.
It’s yet another indicator that New Jersey’s economy remains in precarious shape; the overall labor force and gross income tax revenue have also stagnated in recent months.