- Associated Press - Tuesday, September 23, 2014

NEWARK, N.J. (AP) - Newark Mayor Ras Baraka has introduced an ordinance that targets out-of-state creditors seeking to foreclose on city properties.

The measure is consistent with Baraka’s vow to take action on Newark’s foreclosure situation. It would force out-of-state creditors to pay for the maintenance and upkeep of the properties during and after any foreclosure actions.

Violators will face fines of $2,500 per day. The goal of the ordinance is to prevent the properties from becoming hazard or eyesores.

Baraka, who took office in July, has spoken about foreclosures as one of the issues he planned to address in his first few months.

The city council will decide whether to pass the ordinance on October 1.

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