Selling foreclosed properties in Essex

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Uploaded by on Oct 16, 2008

The subprime mortgage crisis and credit crunch has led to a rising number of foreclosures this year in New Jersey. The job of selling those foreclosed properties falls to the county sheriffs, who hold regular sales. In Essex County, those auctions are held on Tuesdays and this year the sheriff expects to sell at least 1,500 homes -- the most in a half-dozen years. (Video by Rick Hepp)

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