Passaic County NJ Foreclosures

Foreclosures continue to soar in Passaic County NJ; approximately 200 new Sheriff Sales hit the list every month. 100s of Foreclosure notices are been filed every day. It seems that foreclosure is not exempt to the suburbs anymore than the urban cities of Clifton, Paterson and Passaic. Only a fraction of these foreclosures have hit the market at this time, the process with Major banks to channel these non-performing assets to REO Managers is a slow process and with some Banks at a standstill. Total Filings in from July 2007 to December 2007 were 1289, during the same period in 2008 the total filings were 1715, during the second half of 2009 the total Foreclosure filings for Passaic County rose to approximately 2100, the current numbers are alarming and continue to soar to records high. Many investors and new homebuyers are cashing in, as bad as it may sound this is a great time to acquire your dream home at an unbeatable price. There are many opportunities available right now, find out more at http://buyforclosednj.com.