Assembly Speaker Craig Coughlin (D-Middlesex) issued the following statement on the designation of the signing of a comprehensive bill package addressing New Jersey’s foreclosure crisis:
“Sadly, for too long our state has led the nation in foreclosures, with 70,000 properties going through the process in 2017 alone. Recognizing this problem, Chief Justice Rabner impaneled a blue ribbon committee encompassing the public, private and non-profit sectors to craft solutions, both legislative and regulatory, that were both fair and responsible to our state’s residents and housing economy. I was privileged to serve and be a part of the solution. The nine bills signed into law today are the first of many steps we’ll take to address foreclosure process concerns in the state. More efficiency and ensuring fairness in the current system protects the interests of our homeowners, our neighborhoods and communities. These creative solutions to this complex problem will better the lives of thousands of New Jersey residents.”