The last month has shown an increase in the amount of New Jersey foreclosure homes as compared to July of last year. The increase was over ten percent higher than the previous year. It was lower than the nation's rates which have shown over 50 percent higher foreclosures in the same time frame. In the list of states, New Jersey was listed at 19 for having the amount of foreclosure activity listed above. There was one foreclosure homes in New Jersey for every 750 households. The nation is ranking one for every 450 households.

The various companies are monitoring the amount of default notices they send out to include auction sales and repossessions by the bank. In July of this year, there were almost a thousand homes foreclosed on in the state of New Jersey. From June to July, the number doubled, almost tripled, in foreclosure homes in New Jersey being lost. The new legislation set forth should be a help to the numbers of foreclosures seen in the last part of this year. By next year, the number should rise again in the first few months until it levels out and the older foreclosures are complete.

Homeowners who are loosing their places are getting violent and desperate for a place to stay. One man held authorities at gunpoint when they tried to evict his elderly mother from her home. Once the SWAT team arrived, he surrendered. It seems that it will be more types of stories like this one because of the masses of people who will be loosing their homes due to financial losses.