Big backlog of foreclosed homes in New Jersey

http://www.businessweek.com/news/2012-02-08/new-jersey-has-backlog-of-up-to-100-000-foreclosed-properties.html

The banks claim constantly that they will resume foreclosure activity. No one knows if they ever will, or if they even can comply with the court rules under the current circumstances. There is no backlog of foreclosures until the cases are filed, as they have no fundamental right to anything until they prove their case.

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