Lautenberg, Menendez Call State Failure to Help Homeowners Avoid Foreclosure Unconscionable

WASHINGTON, DC – October 1, 2012 – (RealEstateRama) — U.S. Senators Robert Menendez and Frank R. Lautenberg, who fought for the more than $300 million in federal funding awarded to help New Jersey homeowners who lost their jobs avoid foreclosure, today called the continued failure by the State to effectively implement the HomeKeeper program “unconscionable.” In a third letter to the Director of the NJHMFA regarding their poor performance on behalf of homeowners, the Senators noted again that after two years – and increasing foreclosures — the State is dead last in the nation in implementation and called for a series of immediate measures to improve results.