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78 New Jersey RANK: 1 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 3.29% 5.39% 6.4 YEAR AGO 3.59% 7.21% 7.4 YEAR-OVER-YEAR CHANGE -8.3% -25.3% -1 Top County SALEM COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 5.47% 9.51% YEAR AGO 5.29% 11.85% YEAR-OVER-YEAR CHANGE 3.5% -19.7% Top Core-Based Statistical Area VINELAND-BRIDGETON, NJ 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 7.14% 8.72% YEAR AGO 7.16% 10.45% YEAR-OVER-YEAR CHANGE -0.3% -16.6% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. New Jersey Lisa G Lopez Broker of Record Home Alliance Realty 142 E. Bay Ave Manahawkin, NJ 08050 609-978-9009 (o) 609-384-5109 (c) lglopez@verizon.net www.HomeAllianceRealty.com www.LisaLopezProperties.com sure rate in the nation among metropolitan areas with a population greater than 200,000 for November, according to RealtyTrac's U.S. Foreclosure Market Report for November 2014 released recently. Fueled by a 230-percent, year-over-year increase in foreclosure activity in November, the city known as "America's playground" surged from the 25th position in October to the first position for the highest foreclosure rate in November among metro areas, ac- cording to RealtyTrac. Atlantic City posted one foreclosure filing (default notice, foreclo- sure start, or lender repossession) for every 289 residential housing units for November, an increase from one in every 601 in October. e national average foreclosure rate for No- vember was one for every 1,170 housing units. Lender repossessions, or REO activity, skyrocketed by 264 percent year-over-year in Atlantic City in November, marking the 11th consecutive month with a year-over- year increase in REO activity, according to RealtyTrac. New Jersey has seen a year-over-year increase in foreclosure activity for 11 of the last 12 months, including a spike of 196 percent in November, according to RealtyTrac. e huge increase pushed the "Garden State" from ninth in October to second in Novem- ber in foreclosure rates among states. In all, one in every 478 residential housing units had a foreclosure filing in New Jersey in Novem- ber, RealtyTrac reported. "New Jersey is getting hit hard by foreclosures because many of the foreclo- sures were delayed by moratoriums and the mediation law," RealtyTrac VP Daren Blomquist said. "Government intervention in the foreclosure process has slowed things down, and many of these delayed foreclo- sures are coming back with a vengeance. In Atlantic City, on top of that, is a falter- ing economic situation where many of the casinos have gone out of business and laid off workers in the last few months." Blomquist said historically, job loss is the number one driver of foreclosures, though in the years since the housing bubble burst, foreclosures have been driven primarily by bad loans. In Atlantic City, bad loans, previ- ous foreclosure delays, and job loss all came into play in November, resulting in the spike in foreclosures. Blomquist said foreclosure attorneys have reported a backlog of tens of thousands of properties in the foreclosure process in New Jersey, which means Novem- ber's increase could be just the beginning. "I think it's going to get worse before it gets better in New Jersey because of all the delayed foreclosures," Blomquist said. Meanwhile, in Miami, foreclosure activity tumbled by 22 percent year-over-year in No- vember, dropping the "Magic City" from first down to second for highest foreclosure rate among metro areas, according to RealtyTrac. ere was one foreclosure filing for every 394 residential housing units in Miami in November, RealtyTrac reported. "South Florida is in the fourth quarter with our distressed real estate," said Mike Pappas, CEO and president of the Keyes Company, covering the South Florida mar- ket. "It is encouraging to see a 22 percent overall decline in our region." Eight of the top 10 metro areas with the nation's highest foreclosure rate in November were located in Florida and the other two were in New Jersey, according to RealtyTrac. Following Atlantic City and Miami on the list were Jacksonville, Florida (third, with one foreclosure filing for every 395 residential housing units); Palm Bay-Melbourne-Titusville, Florida (fourth, 1:399); Orlando, Florida (fifth, 1:408); Pen- sacola, Florida (sixth, 1:428); Tampa, Florida (seventh, 1:432); Trenton, New Jersey (eighth, 1:456); Lakeland, Florida (ninth, 1:461); and Ocala, Florida (10th, 1:489). IN THE NEWS Atlantic City Leaps from 25th to First Among Metro Areas for Highest Foreclosure Rate Keeping in line with the steadily increas- ing number of foreclosures in New Jersey, Atlantic City turned in the highest foreclo- New York RANK: 2 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 2.74% 4.27% 5.9 YEAR AGO 2.83% 5.50% 7.1 YEAR-OVER-YEAR CHANGE -3.1% -22.3% -1.2 Top County SULLIVAN COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 2.66% 1.72% YEAR AGO 2.70% 1.87% YEAR-OVER-YEAR CHANGE -1.8% -7.9% Top Core-Based Statistical Area AMSTERDAM, NY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 4.94% 8.17% YEAR AGO 4.42% 9.13% YEAR-OVER-YEAR CHANGE 11.7% -10.6% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics.

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