Capo Corzine announced he was going to have the state buy the mortgages and cut "loans"...... however, these are probably the same "loans" that the Dept of Community Affairs cut a few years back.
That scheme gave owners some $50,000 for (ahem) home improvements. The owner didn't have to start "payments" on the "loan" for three years.
Now here's the kicker-----the loan was "forgiven" if the homeowner lived in the home for three years.
That must have been some cash infusion for state coifers for all the dead. No wonder they are so party loyal.