Archives For: NJ
NJ Land Bank Bill Lands in Assembly
S-1214 was received in the New Jersey Assembly and had a second reading. The bill would allow for the creation of municipal land banks in conjunction with online property database development.
15 Jan 2019
New Jersey Bill Aims to Create Foreclosure Buyback Program
Senate Bill 1584 (Establishes the “New Jersey Residential Foreclosure Transformation Act”) was reported from the Senate Budget and Appropriations Committee with amendments and a second reading. The bill was originally introduced on February 5.
10 Dec 2018
Bill to Permit Municipal Land Banking with Online Database Clears Committee
Insider NJ published an article announcing that legislation aiming to permit municipal land banking in conjunction with online property database development in New Jersey cleared the Senate Budget and Appropriations Committee.
10 Dec 2018
FEMA Declared Disaster New Jersey
On July 13, 2018, FEMA issued an update to a Presidential Major Disaster Declaration for areas in New Jersey affected by a severe winter storm and snowstorm from March 6-8, 2018.
13 Jul 2018
Pintor Marin & Calabrese Bill to Establish Protections for New Homeowners of Foreclosed Properties Approved by Assembly
Insider NJ posted a press release discussing the passage of A3366 (“Requires provisions regarding sellers’ obligation to deliver marketable and insurable title in certain residential real estate contracts of sale”) in the New Jersey Assembly. The bill has since been received in the Senate and referred to the Commerce Committee.
25 Jun 2018
Appeals Court Addresses Foreclosures & Promissory Notes
DS News published an article discussing a recent New Jersey appeals court contested foreclosure case.
20 Jun 2018
Expedited Foreclosure Process Bill Introduced in New Jersey
NJ A3823 (Concerns expedited process for foreclosing vacant and abandoned residential properties in uncontested actions) has been changed to A2085 for the current session and remains in the Assembly Housing and Community Development Committee. An identical Senate bill, S1243, is a carryover of S1832 from the previous session and is pending in the Senate Community and Urban Affairs Committee.
30 Apr 2018
Absecon Considers Fixing Blighted Properties Making Owners Pay
Shore News Today published an article discussing a proposal to create an ordinance in Absecon, New Jersey, that would allow the city to place liens on abandoned properties once it has brought them up to code. If approved, the ordinance would differ from similar ones in existence across the country by allowing for significant work to be completed on properties that have fallen into disrepair.
9 Apr 2018
Property Maintenance Legislation Re-Introduced in New Jersey
NJ S1423, a bill that aims to require creditors to maintain the interior of foreclosed vacant and abandoned residential property has been re-introduced by Senator Jeff Van Drew (D).
1 Feb 2018
Housing Transition Team Advises Murphy: First, Acknowledge the Crisis
NJ Spotlight released an article highlighting a report from the New Jersey Housing Transition Advisory Committee that sets six priorities for increasing housing stock and keeping people in their homes.
31 Jan 2018