NJ Foreclosure Relief Passes Both Houses, Goes To Talks

Law360, New York (June 26, 2012, 6:56 PM EDT) -- The New Jersey Senate and Assembly on Monday each passed legislation allowing the state to buy foreclosed-on residences from lenders and turn them into affordable housing, but differences between the bills must be ironed out before the proposal can go to the governor's desk.

For example, language concerning individuals with special needs was deleted from the bill that the Senate passed in a 21-18 vote, to clarify that municipalities wouldn't be required to accept additional special-needs housing, while the bill that the Assembly approved in a...
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