Atlantic City Area Tops List of Foreclosures

by REUTERS Via NbcNews.com

Atlantic County, home to New Jersey's fiscally distressed gambling hub Atlantic City, had the highest foreclosure rate of any major U.S. metropolitan area in the first quarter of 2016, according to RealtyTrac data released on Thursday.

One in every 106 housing units in Atlantic County had a foreclosure filing in the first quarter, compared to a nationwide rate of one filing per 459 homes.