Foreclosures in the state rose 1.96 percent since March 2008.
The big unknown for the coming months is President Barack Obama's plan to help up to 9 million borrowers avoid foreclosure through refinanced mortgages or modified loans.
It remains to be seen whether the lending industry will fully embrace it, despite $75 billion in incentive payments.
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Information from: The Star-Ledger, http://www.nj.com/starledger
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