Technology

New Jersey Looks to Charge Lenders $2K Per Foreclosure 

Well, that’s one way to offset declining property tax revenue; according to a published report on Monday evening, the New Jersey state legislature is considering levying a $2,000 fee for every foreclosure lenders and servicers file in the state. The fee comes as consumer advocates continue to push for ways they say will help prevent foreclosures at any cost — although, increasingly, that cost is one that consumer groups are expecting lenders and servicers to bear.