According to one legal expert, servicer response to New Jersey Governor Phil Murphy's Executive Order 106, though well-meaning, could potentially create more problems than it resolves.
Read More »Garden State Considers Program to Mitigate High Foreclosure Rates
Funding for the New Jersey programs would come from a new $350 fee collected from purchasers of foreclosed properties at a sheriff’s sale.
Read More »Foreclosure Relief in the Cards for New Jersey?
Atlantic City, New Jersey has one of the highest foreclosure rates in the country. How are lawmakers planning to address these high levels this year?
Read More »A New Approach to Affordable Housing
New Jersey is looking to preserve affordable housing through new foreclosure law. Here's what's in the bill Governor Phil Murphy recently signed.
Read More »Homeowners Impacted by Sandy Face Uncertainty
Foreclosure protection will expire in July for some homeowners who were impacted by 2012’s Superstorm Sandy. Here’s what lawmakers are saying about new legislation which might just extend that deadline.
Read More »Tackling Foreclosure Challenges in Motor City
Detroit saw a record low number of homes at tax foreclosure auction in 2018. Here's how relief efforts are keeping homeowners in their homes.
Read More »Taking Legislative Action Against Foreclosure Challenges
New Jersey Governor Phil Murphy signed into law a “bipartisan legislative package” as the state works to decrease its ongoing elevated foreclosure rate.
Read More »Lawmakers Work Toward Statewide Foreclosure Database
Here’s how New Jersey state legislators are working to address their state’s ongoing elevated foreclosure rate, and to streamline communications between borrowers, government, and servicers.
Read More »Making the Foreclosure Process More Efficient
A set of bills passed by the New Jersey Senate are aimed at stabilizing neighborhoods with a high volume of vacant homes. Will other states follow this example?
Read More »Transforming Toxic Properties into Affordable Housing
An upcoming report details strategies for rehabilitating zombie homes in the South Jersey area and simultaneously creating more residential housing. What these strategies look like, and what efforts will have to be taken, are outlined here.
Read More »