Lawmakers Seeking to Make New Jersey’s Foreclosure Mediation Program Permanent
by Dan Brecher on November 7, 2012
The New Jersey Legislature is currently considering a bill that would codify the New Jersey’s Foreclosure Mediation Program, and dedicate monies from foreclosure filing fees and fines to fund the program on a permanent basis.
The Foreclosure Mediation Program was established in 2009 by the New Jersey Judiciary in response to the rapid increase in residential foreclosures. Sponsors of the bill want to make sure the program continues by establishing it by statute.
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