Housing Accountability: State of New Jersey Makes Banks Liable for All Vacant Properties (Best Practices) by The Chicago Reporter

Housing Accountability: State of New Jersey Makes Banks Liable for All Vacant Properties (Best Practices)

By The Chicago Reporter

  • Release Date: 2011-05-01
  • Category: Social Science

Brief Description

It's not uncommon for homeowners to fall behind on their mortgage payments, forcing banks to initiate lengthy foreclosure proceedings. In many cases, the homeowner has long since moved out, leaving behind a vacant home with no one to maintain it, and the home falls into disrepair.

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