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NJ Real Estate News: NJ commercial foreclosures decline

Statewide commercial property foreclosures declined 14 percent last year to 1,014, the fewest since 2008, when they totaled 875, according to the latest statistics from the New Jersey Judiciary’s Office of Foreclosure.

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Summary of the Article

… tenth of 1 percent,” Jamie Woodwell, vice president of commercial real estate research for the mortgage bankers group, said in an emailed statement. Fourth-quarter New Jersey commercial foreclosure filings totaled 221 last year.

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Article

Statewide commercial property foreclosures declined 14 percent last year to 1,014, the fewest since 2008, when they totaled 875, according to the latest statistics from the New Jersey Judiciary’s Office of Foreclosure.

In Bergen and Passaic counties, there were 66 and 56 foreclosure filings, respectively, on commercial properties in 2014.

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first published: 2015-03-03 06:22:30[otw_is sidebar=otw-sidebar-2][otw_is sidebar=otw-sidebar-7][otw_is sidebar=otw-sidebar-3][otw_is sidebar=otw-sidebar-5]