Foreclosures
Attorney General Sues Foreclosure Rescue Operations for Fraud and Racketeering
October 20, 2008 Posted by New Jersey Real Estate
TRENTON, NJ - October 20, 2008 - (RealEstateRama) — Attorney General Anne Milgram today announced the filing of lawsuits charging a total of 37 mortgage loan providers, mortgage industry employees, lawyers and other defendants with consumer fraud and civil racketeering for using predatory “foreclosure rescue” schemes to persuade desperate homeowners to sign over their homes.
The […]
“HOPE for Homeowners” to Provide Foreclosure Relief in New Jersey
October 17, 2008 Posted by New Jersey Real Estate
New Federal Program Offers Affordable Refinance Options
Robbinsville, NJ - October 17, 2008 - (RealEstateRama) — New Jersey homeowners who may be feeling the pinch and struggling with their current monthly mortgage payments as a result of the ongoing economic crisis can now get help. “HOPE for Homeowners” is a new program launched earlier this month […]
DCA, HMFA, DOBI & NEIGHBORWORKS® AMERICA ANNOUNCE NEW MEASURES TO COMBAT FORECLOSURE CRISIS
May 10, 2008 Posted by New Jersey Real Estate
TRENTON, N.J. – Along with Department of Banking and Insurance Commissioner Steven M. Goldman and Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia, New Jersey Department of Community Affairs’ (DCA) Commissioner Joseph Doria today announced that 12 counseling agencies located throughout New Jersey have received training and capacity building funds to assist […]
HMFA Receives Nearly $1 Million From National Foreclosure Mitigation Program
March 11, 2008 Posted by New Jersey Real Estate
Funds to Help Support Foreclosure Prevention Counseling Efforts
TRENTON, N.J. – March 10, 2008 - Along with Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia, New Jersey Department of Community Affairs’ (DCA) Commissioner Joseph Doria today announced that HMFA has been awarded $984,523 from the National Foreclosure Mitigation Program. HMFA will be administering […]
State Agencies, Financial Institutions Announce Partnership, Refinance Program to Address Mortgage Crisis
October 31, 2007 Posted by New Jersey Real Estate
Foreclosure prevention is goal for New Jersey HOPE alliance
TRENTON, NJ - October 31, 2007 - The Commissioners of the New Jersey Departments of Banking and Insurance (DOBI) and the Department of Community Affairs (DCA) today stood with Senator Ron Rice and representatives of financial services institutions and their trade associations to announce a public-private alliance designed to […]
Package of legislation will arm homebuyers with knowledge, information to avoid bad loans
October 31, 2007 Posted by New Jersey Real Estate
WASHINGTON, October 10, 2007 – Standing at the house of a Newark homeowner whose adjustable rate mortgage has skyrocketed recently, U.S. Senator Robert Menendez (D-NJ) today announced that he will introduce an initiative meant to give homebuyers the information and education needed to avoid risky mortgages. The “Know Your Mortgage” package of legislation, which will be […]
Buying Foreclosures: Deal or No Deal?
September 27, 2007 Posted by New Jersey Real Estate
BOUND BROOK, N.J., Sept. 27 /PRNewswire/ — Buyers and would-be investors often look to foreclosure sales to find real estate bargains. But newcomers to this market could find some unpleasant surprises if they go in blind. All homes should be thoroughly inspected by a professional home inspector before sealing the deal.