New Jersey Statutes 55:14K-102. Prospective homebuyer, enrolled, home buying assistance program, priority consideration
Current as of: 2024 | Check for updates
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Terms Used In New Jersey Statutes 55:14K-102
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
5. A prospective homebuyer enrolled in another home buying assistance program administered by the agency shall receive priority consideration in the purchase of a residential property that has been purchased and rehabilitated with funds allocated from the Foreclosure Intervention Fund established pursuant to section 6 of P.L.2021, c.34 (C. 55:14K-99).
L.2023, c.76, s.5.