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Trenton NJ’s failure to pursue foreclosures costing city hundreds of thousands in potential revenue

Trenton NJ’s failure to pursue foreclosures costing city hundreds of thousands in potential revenue

TRENTON — The city has been missing out on hundreds of thousands of dollars in potential revenue because it has failed to pursue foreclosure cases against delinquent taxpayers for the past three years, city officials said.

In addition to depriving cash-strapped Trenton of badly needed funds, in at least one case the city’s failure to complete a foreclosure has held up the sale of a commercial property, according to bankruptcy attorney Andrea Dobin.

Dobin is overseeing the bankruptcy proceeding for Jet Wines and Liquors, a bar on a North Willow Street block that has seen a number of gang-related violent incidents over the years.

The owner has gone more than 10 years without paying property taxes, according to bankruptcy records.

Jet Wines, which is no longer in business, owes Trenton more than $120,000 in back taxes, according to city records.

The city moved to foreclose on the property in 2010, but it appears that the proceedings were never concluded, Dobin said. As a result, city attorneys were confused about the status of the case and have been unresponsive to Dobin’s request that they approve a sale of the property, she said.

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