By Darryl R. Isherwood | November 15th, 2012 - 3:51pm
| More

Creditors would be responsible for upkeep and repairs of vacant property engaged in foreclosure proceedings under a bill moved by the Senate Community and Urban Affairs Committee today.

The bill (S1740) is sponsored by Sen. Ronald Rice and supplements existing law that requires the creditor to perform upkeep on foreclosed property.

If the residential property becomes vacant at any time after the creditor files notice of intention to foreclose, but before the property is transferred to a third party, and if the municipality determines that the property is in violation of any applicable state or local housing or safety codes, the municipality may give the creditor notice of the violation, and require the creditor to correct the violation. 

Under the bill, the creditor would be required to correct any violations within 30 days of receiving notice of the violation.  If the creditor fails to remedy the violation within 30 days, the municipality would be able to impose penalties for the violation that are consistent with municipal ordinances under current law.

The initial bill as introduced was substituted for a bill supplementing existing law after an analysis showed it similar to law passed in 2008.

Wake-Up Call

Morning Digest: April 23, 2014

Colorado politicians invite Christie to experience 'Rocky Mountain High'Colorado politicians slapped back at Gov. Chris Christie after he questioned their Rocky Mountain quality of life under the rule of legalized marijuana.“Whether it’s hiking season or snow season, we invite Gov. Christie to experience Colorado’s quality of life anytime,"  Sen....

Op-Ed

How the City of Paterson became a city in crisis

By HAYTHAM YOUNES As the May 13th election for Paterson officials nears, I've noticed a lot of candidates running using slogans and empty promises as if they weren't around watching Paterson get to where it's at today. I think it's important that... Read More >

Contributors

(4-23-14) Bridgegate Witnesses Not "RATS" if Testimony is Forced -Superior Court Judge Mary Jacobson’s decision last week was covered in most newspapers and blogs as an affirmation of the... more »
(Absecon Island, NJ) --With his shocking win in last year's election, Atlantic City Mayor Don Guardian emerged as one of the most intriguing figures in the New Jersey political... more »
When it comes to profiling Christie, facts are for wussies (4/10/14) - As the national media stories on our Guv pile up, expect more blunders about the Garden State.... more »
This week I begin a series called Dispatches from Somewhere Else. Based on my on-going experiences as an everyman in New Jersey politics, these Dispatches review the hollowness of... more »

Quote of the Day

Quote of the day

“The good news of tonight is that these problems are fixable.” - Gov. Chris Christie

- PolitickerNJ.com

Poll

Does John Wisniewski lack credibility as an inquisitor because he is politically ambitious?:

Resources

Visit the PolitickerNJ.com/resources page for links to the best collection of information on New Jersey state government.

 

  • Polls
  • The best blogs
  • Columnists
  • State election results
  • Assembly election results
  • Local party websites
  • And more.

PolitickerNJ.com/resources