Foreclosure rate dropping in Hudson

According to the Record of Hackensack: “Foreclosure activity in New Jersey declined slightly in April, RealtyTrac reported Tuesday.
“In New Jersey, foreclosure filings were down 3.5 percent from April 2008. One in every 695 households received some sort of foreclosure filing last month — ranging from a notice that the homeowner is late on a mortgage payment all the way up to sale at sheriff’s auction.
“Hudson County was 18th (one in 1,023).”
With 21 counties in New Jersey, that means Hudson is one of the counties with the lowest foreclosure rates.
The article says that the highest rates are in Nevada, Florida, California, and Arizona “where there was much speculative building during the housing boom.”