By ANGELA DELLI SANTI Associated Press • October 6, 2008 TRENTON - Emergency home foreclosure prevention loans and financial counseling services would be available to struggling homeowners under legislation that advanced Monday. The New Jersey Home Ownership Preservation Act establishes a $30 million fund to pay for emergency loans, counseling services and efforts by nonprofits to buy foreclosed properties and return them to productive uses. The measure was one of several approved by the Assembly Budget Committee during the Assembly's full-day focus on the economy. Assembly Speaker Joe Roberts decided to devote the entire session day to how the national economic crisis is affecting Garden State residents and businesses in the face of declining state revenues, mounting job losses and a free-falling stock market. "We need to...
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