Schaer on Assembly Passage of “Foreclosure Rescue Fraud Prevention Act” (A-281)

In this video press release, Assemblyman Gary S. Schaer (D-Passaic) discusses his legislation to protect homeowners in jeopardy of foreclosure from ‘foreclosure rescue’ scams perpetrated by unscrupulous lenders and consultants. The measure (A-281) – the “Foreclosure Rescue Fraud Prevention Act” – would establish specific practices that foreclosure consultants and other purchasers of distressed property would have to adhere to when contracting with New Jersey homeowners on the brink of …