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TRENTON – A bill sponsored by Senator Ronald L. Rice which would allow municipalities to require creditors who initiate a foreclosure proceeding to secure and maintain the vacant, foreclosed home was unanimously approved by the Senate Community and Urban Affairs Committee today.
“We’ve seen the negative impact of vacant, foreclosed homes falling into disrepair within a community,” said Senator Rice, D-Essex, the Vice Chair of the Senate Community and Urban Affairs Committee. “When a home stands vacant and the property deteriorates, it can bring down property values of surrounding homes, and it can create a magnet for criminal activity. Through this legislation, we’re trying to require creditors to take responsibility for the homes they’re overseeing, so that these homes do not create a burden for the rest of the municipality.”
Onex Corp. (OCX), Canada’s largest buyout firm, agreed to buy York Risk Services Group Inc. from ABRY Partners LLC in a deal valued at $1.33 billion, boosting its holdings in the insurance business, according to Bloomberg News.Read More >
Union County Sheriff Ralph Froehlich has died Union County today mourns the loss of the longest-serving sheriff in New Jersey history, who died last night at the age of 83. (Editor/PolitickerNJ) http://www.politickernj.com/77506/union-county-sheriff-ralph-froehlich-has-died Cryan serving as acting Union County sheriff, poised to run in November ...
By JEFF BRINDLE Much has been written about the magnitude of campaign spending by independent special interest groups. But until now, there has been little discussion about the impact. During the 2012 Presidential and Congressional contests,... Read More >
"As soon as you step into the lake on foot or in a boat, you're in the state's domain. I feel bad for the snake, and I hope it gets rescued before it dies when it gets cold. It didn't mean to get let out there. This snake should be one thing we can get together on and not worry about party affiliation. Unless the snake's a Democrat." - Republican Mount Arlington Mayor Arthur Ondish- PolitickerNJ
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