NJ city eyes eminent domain to fight foreclosures

NJ city eyes eminent domain to fight foreclosures

Posted: Updated:

IRVINGTON, N.J. (AP) - A northern New Jersey town is moving forward with plans to use eminent domain to buy mortgages that are in foreclosure.

Irvington Mayor Wayne Smith announced Saturday that the city will move forward with a legal study of the proposal.

The city, which has about 53,000 residents, would be the second municipality in the country to use eminent domain to help underwater homeowners. Richmond, Calif., was the first.

A lawsuit challenging the practice was dismissed by a California district court judge in September. Richmond has not yet used eminent domain.

Officials say nearly 1,800 homes in Irvington have been foreclosed on since 2008. Smith says the city needs a third party to purchase the mortgages to proceed.

The ACLU of New Jersey, which has fought against foreclosure, supports the plan.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • New Jersey NewsNew Jersey NewsMore>>

  • Man punched in face in knockout assault

    Man punched in face in knockout assault

    Thursday, August 21 2014 6:55 AM EDT2014-08-21 10:55:16 GMT
    The so-called 'knockout game' where a person punches another unsuspecting person has made its way to Hackensack, New Jersey. Police say one assailant attacked three people all in the same day. Surveillance video shows the athletically built suspect punch a man in the face and stroll away. The man fell to the ground. Two other assaults took place within less than 15 minutes in the areas of Essex Street, Summit Avenue and Beech Street on Monday night.
    The so-called 'knockout game' where a person punches another unsuspecting person has made its way to Hackensack, New Jersey. Police say one assailant attacked three people all in the same day. Surveillance video shows the athletically built suspect punch a man in the face and stroll away. The man fell to the ground. Two other assaults took place within less than 15 minutes in the areas of Essex Street, Summit Avenue and Beech Street on Monday night.
  • Atlantic City police get body cameras

    Atlantic City police get body cameras

    Thursday, August 21 2014 6:36 AM EDT2014-08-21 10:36:31 GMT
    Atlantic City police officers have started wearing body cameras. About five officers a shift will be equipped with the devices, which record video and audio after an officer activates the device. The video is uploaded after the officer's shift ends.
    Atlantic City police officers have started wearing body cameras. About five officers a shift will be equipped with the devices, which record video and audio after an officer activates the device. The video is uploaded after the officer's shift ends.

  • Parks Service bans drones over Appalachian Trail

    Parks Service bans drones over Appalachian Trail

    Thursday, August 21 2014 6:11 AM EDT2014-08-21 10:11:26 GMT
    The National Park Service has banned drones from flying over the Appalachian Trail. The Park Service said Wednesday the interim rule prohibits launching, landing or operating unmanned aircraft from or on Appalachian National Scenic Trail lands. The ban takes effect immediately and lasts until the Park Service can develop an appropriate policy. 
    The National Park Service has banned drones from flying over the Appalachian Trail. The Park Service said Wednesday the interim rule prohibits launching, landing or operating unmanned aircraft from or on Appalachian National Scenic Trail lands. The ban takes effect immediately and lasts until the Park Service can develop an appropriate policy. 
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices