S1566 / S2156 / S2157

18 Sep: Lesniak Urges Governor To Take Action To Mitigate Foreclosure Crisis

TRENTON – Following news reports that New Jersey rose past Nevada in the second quarter of this year in the number of mortgage defaults, Senate Economic Growth Committee Chairman Raymond J. Lesniak today said that Governor Christie and his administration have not done enough for people already in foreclosure or facing down foreclosure, and suggested that the Governor support a trio of bills Senator Lesniak sponsored to address the foreclosure crisis in the Garden State.

“It’s pretty clear that this Administration has dropped the ball when it comes to New Jerseyans defaulting on mortgages and losing their homes as a result of an escalating foreclosure crisis in this State,” said Senator Lesniak, D-Union. “If the Governor wants to do something about it, his first step should be to support my bills which help State residents in danger of foreclosure, and help transform already foreclosed, abandoned homes into affordable and market-rate housing.”