Foreclosure

Ang Santos / WBGO

Charles Richman with the New Jersey Housing and Mortgage Finance Agency says the state is setting aside $1 million to provide counseling assistance to homeowners.

“That million dollars ought to carry us through 17 to 1,800 families,” Richman said.  “If you can get to mediation early, the amount of debt they may own is manageable.  If they wait for that whole process to cycle though, and it takes several years often, the debt is so high there’s no way to ameliorate it.  The key is the first 60 days.”

Bob Hennelly

Over forty years ago the New Jersey Supreme Court’s Mount Laurel decision was hailed nationally. It proclaimed it was unconstitutional for local zoning to exclude housing for its poor and working class.

Foreclosure
Bob Hennelly for WBGO

Years after the Great Recession there is one age group  still having a really tough time getting traction.  Across the country there are over five million 16 to 24 year olds who are neither in school nor working. This idleness, experts warn, puts these young people at an increased risk for opioid addiction. For this first edition of WBGO NEWS INVESTIGATES, Bob Hennelly went to Cumberland County where over 1 in 5 of young people find themselves idle and opioid addiction is taking a terrible toll.

Foreclosure
Bob Hennelly for WBGO

Listening to Wall Street based business reporting you would believe that the nation’s foreclosure crisis is in the nation’s rear view mirror. But a WBGO investigation has found that here in New Jersey in places like Newark and East Orange foreclosures are hollowing out entire neighborhoods.

A recent meeting in East Orange brought out  local activists committed to helping their neighbors hold on to their homes.