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For Immediate Release:
December 23, 2008
NJAR® TO WORK WITH PUBLIC ADVOCATE TO EDUCATE MEMBERS
ON TENANTS' RIGHTS DURING A FORECLOSURE
(Edison, NJ) New Jersey Association of REALTORS® (NJAR®)
Executive Vice President Jarrod C. Grasso,
RCE issued the following statement in
reaction to Public Advocate Ronald Chen's
press conference reaffirming the rights of
tenants during a foreclosure situation.
"The Public Advocate's office recently
alerted us to the fact that some individuals
may have provided inaccurate information or
violated the rights of tenants during the
foreclosure process. The foreclosure process
is complex and NJAR® will take steps to
inform our members about the proper course
of action in dealing with foreclosed
properties containing rental units.
"By no means, should the examples
referenced today reflect on REALTORS® as a
whole. This situation goes beyond real
estate licensees, as there are many actors
involved in the foreclosure process. The
actions of these individuals are not an
accurate depiction of the vast majority of
real estate professionals. REALTORS® work
hard to successfully meet the needs of their
clients."
# # #
The New Jersey Association of REALTORS®,
with approximately 53,000 REALTOR® and
REALTOR-ASSOCIATE® members, is one of the
largest trade organizations in the state.
NJAR®'s membership is comprised of real
estate professionals who subscribe to a
strict Code of Ethics and are members of the
national and local REALTOR® organizations.
As the leading advocate for the real estate
industry and private property rights in New
Jersey, NJAR® is committed to protecting the
dream of homeownership. For more
information, please visit
www.njar.com.
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For media
inquiries contact:
Lauren Castellano
Media Coordinator
Phone: (732) 494-4709
Fax: (732) 404-8130
E-mail: lcastellano@njar.com
For legislative related media
inquiries contact:
Danielle Alpert
Government Relations Coordinator
Phone: (732) 494-4730
Fax: (732) 404-8127
E-mail: dalpert@njar.com
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