"Foreclosures: A New Way Out?
airs: Sunday May 25 at 9:30 am and 7 pm
and Tuesday May 27 at 11:30pm
This Week on Due Process
The mortgage bubble burst ... And, suddenly, so did your biggest investment!
Should your town be bailing you out in the name of Eminent Domain?
That was Irvington Mayor Wayne Smith's plan - to make Irvington the second municipality in the country to buy up underwater mortgages and keep residents in their homes.
Defeated in the May 13 mayoral race, Smith will leave office July 1, but his proposal will continue to raise debate about one possible way to stem home foreclosures.
The idea - which would have to survive court challenge - is the focus of this week's Due Process.
In the studio: Mayor Smith, Rutgers Law Dean and former Public Advocate Ron Chen and Bankruptcy Lawyer Tim Duggan.
Please join us!
Sandy and Ray
Due Process - winner of 24 New York and Mid-Atlantic Emmys - airs on NJTV, successor to New Jersey Network, on the stations and cable positions once occupied by NJN.
Due Process is a production of Rutgers School of Law - Newark and the Edward J. Bloustein School of Planning and Public Policy with studio facilities provided by the Rutgers iTV Studio, Division of Continuing Studies.
Major funding for Due Process is provided by The Fund for New Jersey and Rutgers, The State University.
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