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Seeking Patience, Christie Announces Some Sandy Buyouts

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The state of New Jersey has issued its first round of buyout offers for Sandy-ravaged homes in Sayreville — and Governor Chris Christie says dozens more offers are on the way.

Speaking today in South River, the governor said his administration is sorting through applications as fast as it can, and he asked residents of flood-prone areas to be patient with the process.

"We can only do one neighborhood at a time. You know, the fact is, I understand people are frustrated. Everybody’s frustrated," Christie said. "You know, I can’t promise everybody that things are going to happen overnight. They’re just not. Most folks are smart enough to know that."

Christie says that closings on some of the bought-out properties could take place by Labor Day, before the height of hurricane season.