Real Estate Consultant · Paramus, NJ · Member since 2008 · 11 posts · 3 votes
Hi AllI'm getting mixed messages all around. I am aware there are rising defaults thru out the country but is there any foreclosed inventory in NJ/NY area?
Realtor · NJ · Member since 2020 · 277 posts · 138 votes
3y
Hi @Reetesh Sood, I'm an investor and investor-agent in North Jersey. I attend the foreclosure auctions for Bergen County and Essex County weekly, and I have not seen much of an increase in foreclosures making their way to auction, at least up around these parts. Nationally, the % of delinquencies/foreclosures is still much lower than it was pre-pandemic as well.