state_legiscan_drain · NJ
Modifies procedures for determination and payment of fair market value in distressed municipalities; concerns real property that is abandoned, vacant, or subject to unpaid taxes.
January 13, 2026
Summary
If enacted, this bill would modify procedures for determining and paying fair market value in distressed New Jersey municipalities, focusing on abandoned, vacant, or tax-delinquent properties. It would affect lenders, servicers, and property owners by altering valuation processes and payment obligations in these areas.
AI-generated summary · Jun 14, 2026. Verify with your compliance counsel before acting.
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Source: https://www.njleg.state.nj.us/bill-search/2026/A794
Common questions
- What does "Modifies procedures for determination and payment of fair market value in distressed municipalities; concerns real property that is abandoned, vacant, or subject to unpaid taxes." cover?
- If enacted, this bill would modify procedures for determining and paying fair market value in distressed New Jersey municipalities, focusing on abandoned,…
- When was it published?
- It was published on January 13, 2026.
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