foreclosure Archives - Government & Law Blog

New Jersey’s Mortgage Foreclosure Statute has been Amended

On May 30, 2014June 2, 2014 By rmarsico

Governor Christie recently signed P.L. 2014 c. 5, a law that amends New Jersey’s mortgage foreclosure statute. The legislation was sponsored by Senator Ron Rice and Assemblyman Ralph Caputo. Pursuant to N.J.S.A. 46:10B-51 et seq., there are numerous requirements placed on banks, savings and loan associations, credit unions and other

Categories : Business Law Condemnation and Eminent Domain Land Use Municipal LawTags : eminent domain foreclosure homeowners Irvington mortgage underwaterLeave a comment

City of Irvington Using Eminent Domain To Help Underwater Homeowners

On April 11, 2014April 9, 2014 By Sheri Siegelbaum

Irvington, New Jersey, is plagued by residents with underwater mortgages, homes in foreclosure and residences left abandoned. In response, the Township Council has authorized the mayor and administration to use eminent domain to acquire properties with mortgage problems. Eminent domain is the procedure whereby governments are allowed to acquire property

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