Even as the number of homes receiving a foreclosure filing fell 35 percent nationwide in June, foreclosures in states where courts handle the foreclosure process surged by nearly the same percentage, according to data from RealtyTrac. Judicial states seeing a glut of foreclosures include New York, New Jersey, Florida, Maryland and Illinois.
“If you missed the bottom of the housing market, this might be the last chance to get a bargain on one of these foreclosure homes,” said Daren Blomquist, vice president of RealtyTrac.
Source: MarketWatch
