The state of New Jersey is in the Mid-Atlantic region of USA. It is bordered by New York, Delaware, Pennsylvania and the Atlantic Ocean. New Jersey is usually divided into five regions based on geography – the parts included in the New York metro zone, the rural area covered by woods and mountains, the shore region hugging the Atlantic, the Delaware River valley region adjacent to Philadelphia and the Pine Barrens in the south interior regions comprising of pine and oak forest. In this idyllic state of varieties there has sneaked in foreclosure homes in New Jersey.

New Jersey has a humid climate that is subtropical but foreclosure homes in New Jersey have vitiated the atmosphere. With Whites comprising of about 79% of the population it cannot be said that foreclosure homes in New Jersey are the result of discrimination against the blacks. If that had been so there would not have been so many foreclosure homes in New Jersey. It is strange that there should be any instances of foreclosure homes in New Jersey because its average household income is the highest in the country standing at $55,146. Of the wealthiest 100 counties in USA, nine are from New Jersey. But foreclosure homes in New Jersey has started to take its toll as is evident from the fact that the state is facing a deficit of budget of 3 billion for the fiscal year starting from 1st July 2008.

Foreclosure homes in New Jersey resulted in the jump of foreclosure rates by 140% during the second quarter of this year as compared to the same quarter in 2007. Foreclosure homes in New Jersey made this Garden State be placed 12th in foreclosure filings. Previously foreclosure homes in New Jersey had made the state rank 16th. Today, because of the high foreclosure homes in New Jersey the rate is 1:201. However it is lower than the national rate of 1:171. In the yar-over-year count foreclosure homes in New Jersey has made the top the nation with a percentage of 121 indicating the sharp rise of foreclosure homes in New Jersey. Foreclosure homes in New Jersey have made New Jersey rub shoulders with the top offenders like Nevada, California and Arizona.

According to Bloomberg there are 17,289 foreclosure homes in New Jersey in the second quarter that ended on 30T June 2008. It shows an increase of foreclosure homes in New Jersey by 32% from the first quarter.

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