Thursday, 11 August 2022 | The Latest Buzz for the Appraisal Industry

New Jersey Considers Creating Program to Mitigate High Foreclosure Rates

The New Jersey legislature is considering a bill designed to reduce foreclosures while providing new assistance to municipalities seeking to rehabilitate vacant properties. The bill (A-5130/S3244), titled the “New Jersey Foreclosure Prevention Act,” would create the New Jersey Residential Foreclosure Prevention Program within the state’s Housing and Mortgage Finance Agency (HMFA). The bill would enable …

The post New Jersey Considers Creating Program to Mitigate High Foreclosure Rates appeared first on DSNews.

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