NJ Senate Panel Advances Foreclosure Reform Bills

Law360, New York (August 9, 2012, 5:31 PM EDT) -- Bills that would shorten the foreclosure process for abandoned homes and create a program to transform foreclosed properties into affordable housing were advanced by a New Jersey Senate committee Thursday, less than two months after Gov. Chris Christie vetoed similar legislation.

Christie, a Republican, vetoed one bill that included both foreclosure measures in late June. The two bills cleared by the Senate Economic Growth Committee on Thursday would separately accomplish the same purpose as lawmakers look to grapple with foreclosures in the state and their impact...
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