SCHAER: ‘BILL DESIGNED TO PROTECT N.J. HOMEOWNERS IN FORECLOSURE’

Assemblyman Gary Schaer (D-Passaic/Bergen/Essex) had the following published Friday in The Star-Ledger :

“New Jersey is the ninth state in the nation in the number of foreclosures occurring, up an average of more than 26 percent annually since 2007. But that doesn’t mean that families about to lose their homes should be preyed upon.

“That is exactly what is happening, however, each and every day we fail to pass critical legislation protecting homeowners from unscrupulous real estate investors who call themselves foreclosure consultants…”