TRENTON – Saying that “New Jersey needs to better help protect consumers from scammers preying on the financially vulnerable,” Senator Shirley K. Turner welcomed today’s Senate Commerce Committee approval of her bill to license and regulate “foreclosure consultants.”
“With the collapse of the sub-prime mortgage market, there are plenty of so-called ‘foreclosure consultants’ looking to take advantage of people desperate to keep their homes,” said Senator Turner, D-Mercer. “These hucksters promise their clients a quick fix, but more often than not just help dig a deeper hole.”