In June 2009 there were 3,862 Passaic County foreclosure homes with 314 new foreclosures in June, according to RealtyTrac.com.
Passaic County Foreclosure Activity and Home Price Index
Foreclosures have remained relatively steady for the past 5 months while home appreciation has been up and down.
Passaic County foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.
Passaic County Foreclosure Geographical Comparison
Passaic County foreclosure activity is 0.08% lower than national statistics and 0.06% higher than state figures.
Passaic County Foreclosure Activity by Month
The high number of auctions and pre-foreclosure properties indicates an increasing humber of foreclosures in the coming months.
Are you or someone you know behind on your mortgage payments and facing a Passaic County foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE). Give me a call for a private consultation.