Doing Foreclosure the Right Way

States that postponed bust-era foreclosures are starting to deal with housing problems now.
Going slow on foreclosures may not be such a bad idea. Photographer: Matthew Staver/Bloomberg

Millions of homes have gone through foreclosure since the housing market peaked about seven years ago, mainly in the Sunbelt bubble states. According to Bloomberg News, New Jersey is now the state with the greatest share of mortgages either delinquent or in foreclosure, while New York is in third. (Florida is No. 2.)

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