The rise in foreclosed homes has
prompted the Township Committee to consider drafting an ordinance that would require foreclosed property to be registered
with the township.
Mayor Vic De Luca said when such property is taken over
by a bank or other owner, the township needs to know so it can keep tabs on issues such as residential upkeep.
"We are having a problem tracking down
who is responsible for some of these foreclosures," he said. "There are at least a couple of dozen foreclosed homes
and probably 30 to 40 that are in the process of going to foreclosure."
Under discussion Tuesday night will be a new law requiring the township to be notified when
a foreclosure is done, De Luca said. Currently, such notification is not required.
"If someone walks away from their house, there is no requirement
for notification," he said. "Sometimes it take months for us to be notified."
While property taxes are often paid promptly, issues such as upkeep
and other township ordinances for homeowners are sometimes neglected with no known owner for the township to contact. "This
will force those banks and mortgage companies to list with us."