Business & Finance

Community Forum on the Mortgage Foreclosure Crisis Scheduled to Assist Homeowners in Mortgage Distress


NEWARK, NJ - Three agencies will be on hand to assist homeowners in financial distress at a public forum scheduled for Wednesday January 25 at 5:00 pm in Siegler Hall on the campus of Essex County College, 303 University Avenue, in Newark to help homeowners who are facing foreclosure or have been subjected to predatory lending practices. The participating agencies are the Urban League of Essex County, Boston Community Capital Corporation SUN Initiative, and the New Jersey Housing and Mortgage Finance Agency. This event is a follow-up to a forum that was held on December 14 2016 at the college.  The forum is free and open to the public.

New Jersey ended 2016 as the state with the highest home foreclosure rate in the nation. The foreclosure crisis has been particularly damaging in communities of color in the state, and Essex County is among the counties where large numbers of Black and Latino families have been disproportionately affected. 

Attendees will have the opportunity, if they please, to share their experience and will be able to talk to representatives of the participating organizations to seek assistance. Homeowners will also have their names forwarded to their local elected representatives and organizations in the state that can be of assistance. 

Sign Up for E-News

The forum is being hosted by, a Black public affairs website created in 2002 by former New Jersey NAACP political director Walter Fields, who serves as its Executive Editor. Fields noted, "As a resident of Essex County I am particularly concerned over how the foreclosure crisis has impacted children in our community. This forum is meant to connect distressed homeowners to help, and hopefully get them on the path to financial recovery and saving their homes. We must help homeowners if we are to stabilize neighborhoods and improve the quality of life in our communities."

The foreclosure crisis has been particularly onerous in New Jersey and Essex County. The state with a foreclosure rate of 1 in every 563 properties rates second in the nation in terms of foreclosure rates. In Essex County, the rate is 1 in every 679 properties with some municipalities (Irvington, 1 in every 376; East Orange, 1 in every 522; West Orange, 1 in every 527; and Newark, 1 in every 670) particularly hard hit. (Source: RealtyTrac)

Fields was prompted to the urgency of the foreclosure crisis by community activist Fredrica Bey and longtime NAACP officer and former state president James Harris. He reminded, "Foreclosure often is not a case of personal failure but instead a set of unforeseen and uncontrollable circumstances that overwhelms the homeowner. It could be the loss of a job, a family emergency or a long-term illness that depletes financial resources. We have to remove the stigma of foreclosure to make certain that the investments people have made in their homes in not lost."

The forum is free and open to the public. 

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

East Orange/Orange

Essex County Freeholders Designate March 2018 as “American Red Cross Month”

March 18, 2018

NEWARK, NJ - The Essex County Board of Chosen Freeholders honored the American Red Cross during a presentation held at the South Orange Performing Arts Center (SOPAC) in South Orange, New Jersey.

District 4 Freeholder Leonard M. Luciano and President of the Board, Freeholder At-Large Brendan W. Gill, presented a Commendation to Jocelyn Gilman, Executive Director of American Red Cross Northern ...

East Orange City Wide Holy Week Service

March 21, 2018

EAST ORANGE, NJ - The East Orange Clergy Association is hosting a city-wide Holy Week Service on Wednesday March 28th, 7:00 PM at Messiah Baptist Church 13-17 Oak Street in East Orange.

This year’s celebration of Holy Week holds special meaning for the organization in light of the passing of two of its stalwart members during 2017: the Late Reverend Dr. Leora Liggins and Late Reverend ...

Mindsets that Lead to Low Self-Confidence and How to Change Them

If you suffer from low self-confidence, you might be stuck in some negative mindsets that are affecting the way you think about yourself and, ultimately, your self-esteem. Negative mindsets tend to have a lot of "always" or "never" talk, creating a sense of entrapment and hopelessness. Here are some examples of negative mindsets that can lead to low confidence.

"I will ...

Types and Formats of Content You Need

We’ve talked about the buyer’s journey through awareness, consideration, and decision making, as well as the types of content you need to accomplish your goals. But, let’s go over it again to make sure that everything is really clear.

Buyer’s Journey and Content Needed:


This is the stage where the buyer knows they have a problem and a need that needs to ...

Types of Content Buyers Need to Make a Buying Decision

The third stage of the buyer’s journey is decision-making time. This is when they make their choice and act on that choice to buy your product or service. 

Often this type of content will consist of case studies, product comparisons, product literature, vendor comparisons, trial subscriptions or downloads, and live demonstrations. You might include pros and cons, product reviews, ...

Upcoming Events


Fri, March 23, 12:30 PM

East Orange Senior Center, East Orange

East Orange Senior Center Hosts Indoor Golf ...

Health & Wellness


Tue, March 27, 10:30 AM

K-Kakes Cakery, South Orange

CASA Essex Volunteer Information Session

Giving Back Law & Justice


Tue, March 27, 12:30 PM

East Orange Senior Center, East Orange

East Orange Senior Center Hosts Indoor Golf ...

Health & Wellness

Montclair’s AAngelsNJ Founder Selected by ECDC for 2018 Women of Excellence Award

March 21, 2018

MONTCLAIR, NJ - Angelina Killane-Sims, Founder and CEO of AAngelsNJ, a Montclair based nonprofit, supporting and supplying much needed resources to underinsured, uninsured and individuals/families in our communities, in need of breast health education, breast cancer awareness and their every day needs during breast cancer treatments.  

The Essex County Democratic Committee ...