It's a housing title no one wants -- New Jersey often has one of the highest foreclosure rates in the country. A new bill would help families keep their homes. ChristinaFanTV explains how the legislation discourages house-flipping.
Ezra Turner, 55, knows all too well the pain of losing a home. In 2018, business challenges led to the foreclosure of his Irvington house he was powerless to stop.
New Jersey consistently ranks among the states with the highest foreclosure rates: 1 in every 2,564 units. "As a mayor, we are faced every day here in our city with telephone calls of our residents calling and trying to find ways to keep their homes," East Orange Mayor Ted Green said. Five categories of people qualify: the homeowner, the homeowner's next of kin, nonprofit community development corporations, plus renters and other buyers, who can also bid provided they commit to living in the neighborhood for seven years.
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