Vincent A. Belluscio

With interest and penalties, a homeowner can end up paying 30 percent interest on amounts greater than $10,000, said Vincent A. Belluscio, executive director of the Tax Collectors and Treasurers Association of New Jersey, a trade group.

If you fail to make the full payment to the lien holder after two years, he can foreclose and kick you out of your home.

"It happens every day," Belluscio said.

Some delinquent taxpayers, burdened by an ever-growing tax debt, sinking home values and bad credit, just end up walking away from their properties, Belluscio said.

Vincent A. BelluscioExecutive Director908.230.3708executivedirector@tctanj.org

I've never heard of a lien buyer getting involved in a development agreement before , said Vincent Belluscio , executive director of the New Jersey Tax Collectors and Treasurers Association.

Vincent A. Belluscio Executive Director 908.230-3708 executivedirector@tctanj.org

Vincent Belluscio, Managing Partner, Municipal Management Partners; Executive Director, Tax Collectors and Treasurers Association of NJ

Also, thanks are due to Vince Belluscio, Executive Director of the Tax Collectors and Treasurers Association of New Jersey, whose expertise has been invaluable.

The League will continue to keep you apprised of the status of A-1889/S-1275.

Very truly yours,

Executive Director -- Vince Belluscio

Vincent A. Belluscio Executive Director 908.230.3708 executivedirector@tctanj.org

Vincent A. Belluscio
...
Vincent A. Belluscio Executive Director 908.230.3708 executivedirector@tctanj.org

The state government will figure out a way for it to happen," said Vincent Belluscio, executive director of the Tax Collectors and Treasurers Association of New Jersey.

Belluscio said his group is awaiting direction from Trenton how to handle credits for mortgage holders.

"A homestead rebate was always done directly by checks to the taxpayer, and it may be that they need to phase it in,"Belluscio said.