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Legislation sponsored by Assemblyman Vincent Prieto (D-Hudson/Bergen) that would empower municipalities to take action against creditors who fail to maintain vacant properties that are slated for foreclosure was approved Thursday by an Assembly committee.
"Vacant properties are neighborhood eyesores. They are unsightly, attract pests and criminal activity and drag down property values. This is not fair to surrounding property owners who must suffer the consequences despite taking care of their own properties," said Prieto. "This bill enables municipalities to take action against creditors who create nuisance situations for neighborhoods and municipalities by failing to maintain vacant properties that are set for foreclosure."
The bill (A-3072) permits a governing body of any municipality to make, amend, repeal and enforce ordinances to regulate the care, maintenance and upkeep of vacant residential properties on which a summons and complaint in an action to foreclose has been filed.
Contact Eva Loayza at (609) 847-3500
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"When you're asked to cast a vote on a bill and it seems innocuous, and it's got a hidden land mine that perhaps only an expert would see, it would sort of behoove those experts to tell us in advance rather than make us look, shall we say, a little bit indecisive later on." - Assemblyman Michael Patrick Carroll (R-25).- NJTV
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