Newjersey RealEstateRama

December 10, 2010 - (RealEstateRama) -- Gloria Nilson, REALTORS®, Real Living is pleased to announce that Dick Schlott, Chairman and CEO of Gloria Nilson, REALTORS®, Real Living and RLS, REALTORS®, Real Living, served as one of the panelists for RISMedia’s 15th Annual Power Broker Forum during the recent REALTORS® Conference & Expo in New Orleans.

December 9, 2010 - (RealEstateRama) -- Assembly Republican Leader Alex DeCroce, R-Morris and Passaic, released the statement below regarding today's announcement by Governor Christie of a bipartisan agreement on arbitration reform which is a vital element of the governor's property tax reform Tool Kit package:

POMPTON PLAINS, N.J. - December 8, 2010 - (RealEstateRama) -- Representatives from the New Jersey Housing and Mortgage Finance Agency (HMFA) joined local officials today to celebrate the grand opening of Evans Place, an affordable supportive housing community for individuals with special needs. The HMFA, an affiliate of the Department of Community Affairs (DCA), provided $2.4 million in construction and permanent financing from the Special Needs Housing Trust Fund.

WASHINGTON, DC - December 3, 2010 - (RealEstateRama) -- Calling it a significant response to Pompton Lakes residents concerned about groundwater affected by a DuPont works facility, U.S. Senator Frank R. Lautenberg (D-NJ) and U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today lauded an agreement reached by the EPA, NJDEP and the DuPont Company that enables residents outside of the soil vapor plume area to test for and mitigate a total of 61 possible contaminants at their properties. Previously, those residents could only receive help in testing and mitigating their properties if the 10 chemicals attributed to DuPont’s contamination were found.

December 3, 2010 - (RealEstateRama) -- Industry icon Richard L. (Dick) Schlott, Chairman & CEO of Gloria Nilson, REALTORS®, Real Living and RLS, REALTORS®, Real Living, was honored recently with the 2010 RISMedia National Homeownership Award, sponsored by Bank of America Home Loans. Schlott was presented with this prestigious award at RISMedia’s 15th Annual Power Broker Dinner, held last week during the annual NAR Conference & Expo in New Orleans. The Power Broker Dinner honors the industry’s top brokers, as determined by the results of RISMedia’s annual Power Broker Report & Survey.

NEW YORK, NY - December 1, 2010 - (RealEstateRama) -- Sheldon Good & Company, a Racebrook Portfolio Company and America’s leading real estate auctioneer, will hold a year-end liquidation auction of eight apartment buildings in northern New Jersey to be sold individually with suggested opening bids from $350,000. The seller-directed auction offers investors the opportunity to purchase a varied selection of high occupancy properties to be sold at competitive prices.

November 23, 2010 - (RealEstateRama) -- The proposal would readopt the Division on Civil Rights’ rules pertaining to Advertisement Relating to Real Property, with certain amendments. The rules proposed for readoption set forth the prohibitions against advertisements by housing providers that express discriminatory preferences for prospective tenants or purchasers based on certain protected characteristics, such as race, national origin or creed. Upon readoption, the Division proposes amendments to clarify that the rules govern advertisements in both print and electronic form, and to include civil union status and gender identity or expression as protected characteristics to conform the rules to recent amendments to the Law Against Discrimination. The proposed readoption with amendments appears in the November 15, 2010 edition of the New Jersey Register.

November 22, 2010 - (RealEstateRama) -- With only 39 days left until the state’s new hard property tax cap takes effect and with no meaningful property tax reform legislation again on today’s General Assembly Board list, Assembly Republicans said Assembly Democrats are inaccurately portraying to the public their legislative efforts in advancing Governor Christie’s property tax reform Tool Kit

NEW BRUNSWICK, N.J. - November 22, 2010 - (RealEstateRama) -- New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony L. Marchetta today joined local officials to dedicate 55 Harvey at Providence Square, a 53-unit affordable senior housing community located in New Brunswick’s Transit Village area. The HMFA, an affiliate of the New Jersey Department of Community Affairs (DCA), helped finance the project by providing $7.4 million in federal tax credit funds toward development costs

TRENTON, NJ - November 19, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that a woman was sentenced to state prison today in connection with a million-dollar mortgage and credit card scheme she and others conducted in Bergen County.

TRENTON, NJ - November 19, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that an employee of the Essex County Division of Welfare pleaded guilty today to falsifying employment records in order to qualify for a $357,050 loan to buy a home in Newark

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

TRENTON, NJ - November 18, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that a father and son pleaded guilty to theft charges today for stealing approximately $4.5 million from mortgage lenders by providing false information in home loan applications handled by their Totowa-based real estate firms, Casey Properties LLC, Lee Alan LLP and Andrea Management LLC.

ATLANTIC CITY, NJ - November 18, 2010 - (RealEstateRama) -- Frustration boiled over at the League of Municipalities conference this morning, as local officials had a chance to address state lawmakers and a cabinet official on Gov. Chris Christie’s “tool kit” measures meant to help them curtail property taxes.

November 17, 2010 - (RealEstateRama) -- After meeting with mayors and other local officials at the New Jersey State League of Municipalities' annual convention, Assemblyman Domenick DiCicco said the need for property tax reform has never been more urgent.

November 15, 2010 - (RealEstateRama) -- Assembly Republican Conference Leader Jon Bramnick said Monday’s scheduled Assembly committee hearings are more noteworthy for bills that are not listed on the panels’ agendas instead of the items that will be considered. Six committees will convene, but none will be evaluating any of the property tax reform legislation contained in the Tool Kit.

November 15, 2010 - (RealEstateRama) -- Assembly Democrats have cancelled four committee meetings on Monday, while the other six will consider 19 bills, none of which deals with the property tax reform measures contained in Governor Christie’s Tool Kit. Assembly Republican Leader Alex DeCroce, R-Morris and Passaic, said today it can’t be any clearer that the majority party does not believe that the issue of property taxes is the number one priority of New Jersey taxpayers.

HIGHLAND PARK, N.J. - November 12, 2010 - (RealEstateRama) -- New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony L. Marchetta today joined Middlesex County freeholders and other local officials to celebrate the grand opening of the Highland Park Veterans Housing Complex at 101 South Third Avenue. The HMFA, an affiliate of the Department of Community Affairs (DCA), provided $1.89 million in construction financing from the Special Needs Housing Trust Fund for the project, which is providing supportive, affordable housing for 11 military veterans. Additional funding came from the DCA’s State Rental Assistance Program

FRANKLIN TWP., N.J. - November 11, 2010 - (RealEstateRama) -- Representatives of the New Jersey Housing and Mortgage Finance Agency (HMFA), an affiliate of the Department of Community Affairs, today joined local officials to celebrate the kickoff of Parkside Senior and Parkside Family, two projects that will provide 140 units of affordable housing to people in the community. Construction has started on both projects with an anticipated completion date of 2011 for Parkside Senior and 2012 for Parkside Family.

November 9, 2010 - (RealEstateRama) -- Assembly Republican Deputy Conference Leader Scott T. Rumana, R-Passaic, Bergen and Essex, issued the following statement on the Democrats' COAH bill released today by the Assembly Housing and Local Government Committee, which would eliminate the Council on Affordable Housing but preserve property tax drivers such as development fees, bonus density and builder's remedy, which allow developers to build more housing than a municipality and taxpayers can support: