Archives For: NJ
Expedited Foreclosure Bill Introduced in New Jersey
SB 1243 was introduced by New Jersey Senator Ronald Rice on January 25, 2018. The bill is pending in the Senate Community and Urban Affairs Committee.
25 Jan 2018
Vacant Housing Registry is Illegal Investors Claim in Lawsuit
NJ.com published an article outlining a lawsuit that questions the legality of a vacant property registration program in Gloucester County, NJ.
6 Jul 2017
New Jersey Appellate Division Holds Foreclosing Lender Who Simply Winterized and Secured a Condominium is Not a Mortgagee in Possession and Not Responsible for Condominium Association Fees
Riker Danzig Scherer Hyland & Perretti LLP posted a blog by Michael Crowley, Clarissa Gomez and Michael R. O’Donnell. In it, a recent New Jersey Appellate Division decision is discussed.
8 Jun 2017
Post-Hurricane Sandy Bill Grants Homeowners Mortgage Forbearance
NJ.com released an article discussing a New Jersey Department of Community Affairs mortgage forbearance program that would allow certain homeowners affected by Hurricane Sandy to suspend mortgage payments and have them tacked onto the end of their loans.
31 Mar 2017
Beck Bill to Prevent Sandy Foreclosures Advances Amidst Call for Further Action
New Jersey Senator Jennifer Beck (R-Monmouth) issued a newsletter announcing the passage of S-2300 in the Senate Budget Committee.
4 Nov 2016
How Long it Takes to Complete a Foreclosure in N.J. by County
NJ.com released an article exploring foreclosure time frames in the state of New Jersey.
25 Oct 2016
Contractors Will Be Able Place Liens, Improve and Foreclose on 163 Brick Properties
Brick Shorebeat published an article discussing actions being undertacken by Brick Shore, NJ against abandoned homes.
25 Aug 2016
Paterson Takes Possession of First Home Using its Abandoned Properties Ordinance
The Paterson Times published an article highlighting the acquisition of an abandoned property by the city of Paterson, NJ through a recently adopted neighborhood stabilization program ordinance.
3 Aug 2016
Menendez Announces Legislation to Address NJ?s Worst-in-the-Nation Foreclosure Crisis
U.S. Senator Bob Menendez (D-NJ) has officially introduced the “Preventing Abandoned Foreclosures and Preserving Communities Act of 2016” (S.3146). The bill has been referred to the Committee on Banking, Housing and Urban Affairs.
12 Jul 2016
Land Banking Legislation Introduced in New Jersey
NJ S2373, a bill that aims to permit municipal land banking in conjunction with an online property database, has been introduced in the Senate and referred to the Senate Community and Urban Affairs Committee.
5 Jul 2016