NJ Bill Would Help Foreclosed Homeowners Compete With ‘Flippers'

Assemblywoman Britnee Timberlake, community leaders and members of the New Jersey Urban Mayors Association gathered to push for a proposed state la...

August 23, 2022
9:38 PM

Assemblywoman Britnee Timberlake, community leaders and members of the New Jersey Urban Mayors Association gathered to push for a proposed state law that has been dubbed the 'Community Wealth Preservation Program' last week. (Shutterstock)ESSEX COUNTY, NJ — For many New Jersey residents, their home is the largest investment they'll ever make. And when it comes to buying foreclosed houses at a sheriff's sale, the original owner, nonprofits and people who want to live in the community should get first dibs – not 'flippers' and corporations, advocates say.

Eric Kiefer