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Real Estate & Property Law

: Housing Wire

New Jersey Governor Calls for Sweeping Foreclosure Moratorium

By DIANA GOLOBAY

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New Jersey Gov. Jon Corzine on Monday called for a three-to-six-month forclosure moratorium — a temporary pause during which severely delinquent loans cannot enter the foreclosure process — while government officials implement mass loan modification systems. “We need a bottom up approach to modifying mortgages one home at a time,” Corzine said. “It’s going to [...]

Full post as published by Housing Wire on December 08, 2008 (boomark / email).

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