A cooling real estate market is spurring a growing number of home foreclosures at the Jersey Shore, reports CBS3's Cydney Long. Foreclosure rates - affecting homes of all shapes, sizes and prices, according to mortgage brokers - are up 110 percent over last year, according to the story.
Go to the CBS3 report.
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Shore home foreclosures skyrocketing
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The Downashore Team is a group of Philly.com producers. Some of us grew up vacationing at the Jersey Shore, and others came to appreciate it later. Either way, we know our Mack and Manco's from our Prep's Pizza, and we'll do our best to share news, information and musings from up and down the coast. Please do post a comment with your Shore thoughts, or shoot us an e-mail by clicking on the link above. (OK, so we're not really at the beach in this photo, but armed with the power of a good photo editing program, we can dream, right?) We're joined by Inquirer staff writer Amy Rosenberg, who as a year-round Shore resident, knows a thing or two about the scene, and the Shoobies.
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