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Real Estate & Property Law

: The Home Equity Theft Reporter

Town Blocks Sale Of Flood-Prone, Nearly Uninhabitable Home; Says It Can't Afford R/E Tax Revenue Loss If Premises Is Converted To Public Green Space

By r morris

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In Hillsdale, New Jersey, The Record reports:The borough is refusing to allow a homeowner to sell a property that chronically floods to the state for public green space. Rosanne Vaccaro was accepted into a state program that buys properties in flood-prone areas, but she needs the borough's approval to complete the transaction. Mayor Max Arnowitz is blocking the deal, arguing that the borough

Full post as published by The Home Equity Theft Reporter on December 18, 2010 (boomark / email).

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