LESNIAK BILL TO EXPAND PARTICIPATION IN NJ HOMEKEEPER PROGRAM APPROVED IN LEGISLATURE

Bill Would Require State to Expend 'Hardest Hit' Funds to Keep Homeowners at Risk of Foreclosure in their Homes

TRENTON – A bill sponsored by Senator Raymond J. Lesniak which would require the State to expand participation in the HomeKeeper mortgage assistance program in order to help homeowners at risk of losing their homes to foreclosure was approved by the Senate today by a vote of 31-7, receiving final legislative approval.

“New Jersey is absolutely in the midst of a foreclosure crisis,” said Senator Lesniak, D-Union. “We’re second worst in the nation – behind only Florida – in the number of homeowners who are seriously delinquent in their home loans and at risk of being another foreclosure statistic. Governor Christie and his Administration have been asleep at the switch when it comes to mitigating the effects of this disastrous foreclosure crisis, and it’s time for New Jersey to utilize all the resources at our disposal to help keep people in their homes and pull our State back from the brink.”

Click here to read the rest of Senator Lesniak's news release.

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