On April 29, New Jersey formalized a bipartisan package of nine bills aimed at reforming the Garden State’s mortgage foreclosure laws. The primary goals of the legislation are to reduce the number of foreclosures in New Jersey – the state currently has the nation’s highest foreclosure rate – and to speed up the foreclosure process. The package contains a number of changes to existing law and new requirements of which lenders and servicers should be aware.

Read the full article below:

https://www.natlawreview.com/article/new-jersey-mortgage-foreclosure-bills

 

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