Lawmakers consider barring foreclosures on Sandy homes

Homes damaged by Superstorm Sandy couldn’t be foreclosed on for three years if a plan endorsed Monday by a Senate committee becomes law.

The financial breathing room faces more hurdles in Trenton before it could take effect, but the impact would stretch into 2018 if it’s ultimately enacted.

The bill, S2577, was advanced unanimously by the Senate Community and Urban Affairs Committee, though Sen. Jennifer Beck, R-Monmouth, raised questions about including second homes and possibly delaying local redevelopment.

“We have so many in this state that don’t even have one home, let alone two homes, and so a benefit that we’re providing should really be for the place in which a family is raising their kids and sheltering themselves and that the second home is in many ways a vacation house or a luxury house,” said Beck, who noted federally funded recovery programs have been limited to primary residences.

Read on.

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