Eminent Domain To The Rescue In Irvington? - New York News

Eminent Domain To The Rescue In Irvington?

Posted: Updated:
Irvington, New Jersey (My9NJ) - Should New Jersey towns get into the mortgage business?

Two long-time Irvington New Jersey residents, Mary Whetstone and Yves Louis, say that the mortgage crisis in town has gotten out of control and something has to be done.

“Every block there’s one or two or three, foreclosures on it. And if it keeps on like this, every house is going to be foreclosed,” Whetstone said.

These residents say the answer is Irvington’s proposed eminent domain program where private property is taken for public use by the government. Basically, the town of Irvington would buy mortgages in foreclosure that people can no longer afford to pay and give them a better rate.

The town has identified 199 homes in Irvington that would qualify for the program and more and more residents are getting involved and interested. Many are now attending workshops to learn what eminent domain is really all about.

If this program is put in place, this will be the first town in the United States where eminent domain has been implemented to fix the mortgage crisis.

Advocates of the program say the process of the local government buying up bad mortgages would keep Irvington from falling into complete decline by keeping people in their homes, but it also means that towns like Irvington would potentially have to go up against big U.S. banks in court who could claim illegal seizure of property and breach of contract.

Many people who support the plan say that it’s not just because they can save their homes and community, but also to set a precedent for other American towns that are drowning in foreclosed homes like they are in Irvington.


Watch Chasing New Jersey weeknights at 10pm on My9 and don’t forget to like us on Facebook!

  • Chasing New JerseyMore>>

  • Hoboken Cracking Down On Uber Car Services

    Hoboken Cracking Down On Uber Car Services

    Friday, August 29 2014 1:11 PM EDT2014-08-29 17:11:05 GMT
    The town of Hoboken, New Jersey is cracking down on Uber cars driving in and picking up passengers in the city. Uber is an app that you can use to request a car service to pick you up, but city officials say they are not licensed to operate in town. Marcus Enriquez was actually thrown out of an Uber car by a Hoboken police officer. He said he was on his way to work outside of the Hoboken taxi stand when a cop knocked on the window, kicked him out of the car and ticketed the Uber driver.
    The town of Hoboken, New Jersey is cracking down on Uber cars driving in and picking up passengers in the city. Uber is an app that you can use to request a car service to pick you up, but city officials say they are not licensed to operate in town. Marcus Enriquez was actually thrown out of an Uber car by a Hoboken police officer. He said he was on his way to work outside of the Hoboken taxi stand when a cop knocked on the window, kicked him out of the car and ticketed the Uber driver.
  • Backlash Over 9-Year-Old Uzi Accident That Killed A Shooting Instructor

    Backlash Over 9-Year-Old Uzi Accident That Killed A Shooting Instructor

    Friday, August 29 2014 10:34 AM EDT2014-08-29 14:34:27 GMT
    The tragic accident of a 9-year-old New Jersey Girl who shot and killed a Las Vegas shooting instructor while shooting a fully automatic Uzi has gained national attention. The young girl was learning to shoot when the gun recoiled hitting the instructor in the head and killing him. This story has once again opened the debate about appropriate use of guns among children.
    The tragic accident of a 9-year-old New Jersey Girl who shot and killed a Las Vegas shooting instructor while shooting a fully automatic Uzi has gained national attention. The young girl was learning to shoot when the gun recoiled hitting the instructor in the head and killing him. This story has once again opened the debate about appropriate use of guns among children.
  • Town Passes Recording Ordinance After Cop Caught Dissing Obama

    Town Passes Recording Ordinance After Cop Caught Dissing Obama

    Friday, August 29 2014 10:33 AM EDT2014-08-29 14:33:59 GMT
    Steven Wronko is a Helmetta, New Jersey resident who recently taped local police officer, Richard Recine, saying that he doesn't have to follow the U.S. Constitution because President Obama doesn't. “Obama has decimated the friggen Constitution so I don't give a damn, cause if he doesn't have to follow the Constitution, we don't have to,” Recine is heard saying on tape.
    Steven Wronko is a Helmetta, New Jersey resident who recently taped local police officer, Richard Recine, saying that he doesn't have to follow the U.S. Constitution because President Obama doesn't. “Obama has decimated the friggen Constitution so I don't give a damn, cause if he doesn't have to follow the Constitution, we don't have to,” Recine is heard saying on tape.
  • Local NewsLocal NewsMore>>

  • Man to face murder charges in mother's slaying

    Man to face murder charges in mother's slaying

    Monday, September 1 2014 3:08 PM EDT2014-09-01 19:08:57 GMT
    Murder charges are pending against a northern New Jersey man who allegedly stabbed and beat his mother to death.
    Murder charges are pending against a northern New Jersey man who allegedly stabbed and beat his mother to death.
  • Homeowner interrupting burglary is fatally stabbed

    Homeowner interrupting burglary is fatally stabbed

    Monday, September 1 2014 2:35 PM EDT2014-09-01 18:35:46 GMT
    A 67-year-old homeowner was stabbed to death and his wife injured after they came upon a burglary at their Staten Island home.
    Police in New York City say an intruder stabbed a couple who interrupted a burglary at their home, killing the man and injuring his wife.
  • New MTA bus routes take effect

    New MTA bus routes take effect

    Monday, September 1 2014 1:09 PM EDT2014-09-01 17:09:54 GMT
    MTAMTA
    The MTA has new bus routes throughout the 5 boroughs. 
    The MTA has new bus routes throughout the 5 boroughs. 
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices