Atlantic County Foreclosure Activity - Highest In The Nation

Of the county’s 127,000 housing units, 3,985 are in some stage of foreclosure. That’s one in every 32 homes.

For months, Atlantic County has led the nation in foreclosure activity for metropolitan areas with more than 200,000 residents. One in every 230 homes in the county had some foreclosure activity in May 2015, the most recent data available, according to the real estate data company RealtyTrac.

That’s far higher than Lakeland, Florida, in second place for foreclosure activity, at one in every 331 properties.

Many more in Atlantic County are in foreclosure, but no new filings were made on them.

The county also has the U.S.’s highest rate of zombie foreclosures — properties that have been abandoned by their owners and are vacant, according to RealtyTrac.

One in 130 of the housing units in Atlantic County — which works out to 978 homes — meets the “zombie” definition, said RealtyTrac in a recent report.

 Entire article at
http://www.pressofatlanticcity.com/business/here-s-why-atlantic-county-is-the-foreclosure-capital-of/article_e79a0b60-1b88-11e5-94fa-67d9c2c60b84.html
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According to Zillow.com, Mullica has 58 properties for regular sale, 79 in Preforeclosure and 4 Foreclosures
http://www.zillow.com/homes/Mullica-Township-NJ_rb/

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