Foreclosures

Foreclosures

Christie Administration Launches New Foreclosure Prevention Initiative

TRENTON, N.J. - May 9, 2011 - (RealEstateRama) -- The Christie Administration announced today the launch of the New Jersey HomeKeeper Program, a foreclosure prevention initiative that will assist New Jersey homeowners who have a track record of making their mortgage payments on time but are now at risk of losing their homes to foreclosure as a direct result of unemployment or underemployment.

NJ Real Estate Auction – Fiedler AM Offers Two Investment Properties at Auction in...

Hackettstown, NJ - May 5, 2011 - (RealEstateRama) -- Investors looking for excellent cash flow and capital appreciation investment properties will find them in the two properties being offered at auction by Fiedler AM, LLC., on June 4, 2011. Both properties need substantial renovations prior to occupancy and are expected to be priced accordingly.

National Consumer Protection Week Announcement # 7:

NEWARK, NJ - March 9, 2011 - (RealEstateRama) -- The Office of the Attorney General and State Division of Consumer Affairs this week filed administrative actions against 11 unlicensed businesses offering “mortgage loan modification” services for homeowners in dire financial straits. State law requires that anyone providing these services in New Jersey be licensed as a Debt Adjuster by the Department of Banking and Insurance, or be otherwise authorized

REP. PASCRELL ANNOUNCES MORE THAN $42,000 HUD GRANT TO THE PATERSON HOUSING AUTHORITY

WASHINGTON, DC - December 23, 2010 - (RealEstateRama) -- U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today announced a U.S. Housing and Urban Development grant of $42,866 to the Paterson Housing Authority for the agency’s housing counseling program.

CHAIRMAN OF SENATE HOUSING SUBCOMMITTEE AND 16 COLLEAGUES URGE TREASURY TO IMPROVE FORECLOSURE PREVENTION...

WASHINGTON, DC - November 18, 2010 - (RealEstateRama) -- A group of 17 U.S. Senators, led by Senator Robert Menendez (D-NJ), are urging Treasury Secretary Timothy Geithner to make a series of alterations to the federal foreclosure prevention program so that more responsible but struggling homeowners can modify their mortgages. Menendez, who chairs the Senate Banking Subcommittee on Housing, Transportation and Community Development, and his colleagues wrote Geithner to express concern over the slow pace of mortgage modifications and the reluctance of some banks to cooperate in the Home Affordable Modification Program (HAMP). They suggested specific changes to the program, including

Max Spann to Auction Properties in Monmouth County, New Jersey

Westfield, NJ - October 21, 2010 - (RealEstateRama) -- A 53-acre equestrian estate in the heart of horse country in Millstone and two building lots with more than 200 feet of road frontage in Matawan are to be sold at auction in November.

Attorney General Announces Settlement of Fraud Case with Mortgage Rescue Firms; Principal Defendant Agrees...

TRENTON, NJ - October 20, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow announced today that the owner of several New Jersey loan modification companies has agreed to pay the state $805,000 and stay out of the foreclosure rescue business to resolve allegations he defrauded struggling homeowners who sought help in staving off foreclosure.

New Jersey to Receive Additional Support for Hardest Hit Homeowners

TRENTON, N.J. - October 13, 2010 - (RealEstateRama) -- The Christie Administration announced today that New Jersey will receive an additional $188 million in federal funding for anti-foreclosure assistance to help struggling homeowners. The additional funding means that $300 million is now available for homeowners facing foreclosure.

N.J. Examining Whether Companies Committed Fraud in Foreclosure Filings

NEWARK, NJ - October 7, 2010 - (RealEstateRama) -- The Office of the Attorney General, through the Division of Consumer Affairs, is assessing whether the state’s Consumer Fraud Act has been violated by companies that have admitted to not properly reviewing, factually verifying and signing foreclosure filings submitted to the courts.

New Jersey Home Keeper Program will Aid between 2,500 – 4000 Households Statewide

Trenton, NJ - September 23, 2010 - (RealEstateRama) -- The Christie Administration announced today that New Jersey will receive $112 million in federal funding for anti-foreclosure assistance to help struggling homeowners.

Menendez, Lautenberg Applaud Nearly $12 Million In Additional Funding For Nj Communities Affected By...

WASHINGTON, DC - September 9, 2010 - (RealEstateRama) -- New Jersey's U.S. Senators, Robert Menendez and Frank Lautenberg, today applauded the U.S. Department of Housing and Urban Development's announcement that it has awarded New Jersey communities $11,641,549 million in additional funding to help minimize the negative effects of the foreclosure crisis.

Three in New Jersey Arrested and Charged in Foreclosure Rescue Scheme

NEWARK, NJ - June 22, 2010 - (RealEstateRama) -- Three members of an alleged mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit were arrested this morning on wire fraud conspiracy charges, U.S. Attorney Paul J. Fishman announced.

New Jersey Farm, Land, Banks and more Commercial Properties to be Auctioned July 15

Westfield, NJ - June 18, 2010 - (RealEstateRama) -- Seven commercial properties throughout the New Jersey, including four former bank branches, will hit the auction block simultaneously on July 15

Max Spann to auction more than $4 million in real estate loan notes on...

Clinton, NJ - May 28, 2010 - (RealEstateRama) -- More than $4 million in real estate notes secured by commercial and residential properties in New Jersey and Pennsylvania will be sold in an on-line auction on June 8 and 9

HMFA Receives $966,407 in Federal Funding to Support Foreclosure Prevention Counseling Efforts

TRENTON, N.J. - May 13, 2010 - (RealEstateRama) -- New Jersey Department of Community Affairs’ (DCA) Acting Commissioner Lori Grifa today announced that the New Jersey Housing Mortgage Finance Agency (HMFA) has been awarded a $966,407 federal grant to support foreclosure prevention efforts statewide.

Attorney General, DOL Director Announce Settlement in Mortgage Fraud Case; Loan Modification Company, Individuals...

TRENTON, NJ - April 29, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow and Division of Law Director Robert Hanna announced today that a New Jersey loan modification company and its owners have agreed to an $11.45 million judgment to settle civil charges they defrauded homeowners who sought help in staving off mortgage foreclosure.

Lautenberg, Menendez Announce $1 Million to Help New Jersey Families Keep Their Homes

WASHINGTON, DC - April 23, 2010 - (RealEstateRama) -- Today, U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) announced nearly $1 million in funding for two New Jersey organizations to provide counseling to families and individuals facing foreclosure.

Foreclosure protection offered to displaced families in 12 counties

WASHINGTON, DC - April 5, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 12 counties in New Jersey and provide support to homeowners and low-income renters forced from their homes following last month’s severe storms and flooding.

New Jersey’s Mortgage Mediation Program Working to Keep Families in Their Homes

TRENTON, NJ - October 9, 2009 - (RealEstateRama) -- More than 2,600 New Jersey homeowners have received counseling assistance through the State's Foreclosure Mediation Program, Governor Jon S. Corzine said today.

More than 2,500 homeowners receive assistance through Foreclosure Mediation Program

ATLANTIC CITY, NJ - September 22, 2009 - (RealEstateRama) -- Governor Jon S. Corzine today announced that since 2006, the State has created, preserved, or rehabilitated 30,284 affordable housing units for New Jersey's working families.

Popular Government & Nonprofit Press Releases

Lautenberg Announces Millions in New Funding for Housing in New Jersey

WASHINGTON, D.C. - March 18, 2009 - (RealEstateRama) — Today, Senator Frank R. Lautenberg (D-NJ) announced millions of dollars in new funding for New Jersey’s public housing authorities to rehabilitate and modernize public housing units in New Jersey. The capital improvement money was included in the American Recovery and Reinvestment Act signed into law by President Obama.

Recent Government & Nonprofit Press Releases

Flame Cut Steel Establishes New Home in Irvington

When Ramesh Nuthi was looking for a permanent location for his manufacturing business in 2015, he turned to the New Jersey Economic Development Authority (EDA) for support. With just over $645,000 in EDA direct loan funds in hand, Nuthi was able to establish Flame Cut Steel’s new home in an 18,291-square-foot facility in Irvington and purchase new machinery to help expand the company’s services