Newjersey RealEstateRama

MORRIS PLAINS, N.J. - August 26, 2009 - (RealEstateRama) -- The $8,000 tax credit for first-time buyers passed by Congress earlier this year has created an excellent opportunity for those wishing to capitalize on today’s affordable housing market.

There were 1,041 new foreclosures scheduled for auction in New Jersey in July 2009. This is almost equal to June 2009 (1,036) and 6% lower than in July 2008 (1,107). Newark, NJ - August 25, 2009 - (RealEstateRama) -- PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in New Jersey for July 2009.

TRENTON, NJ - August 17, 2009 - (RealEstateRama) -- The New Jersey Economic Development Authority (EDA) has finalized a $150,000 loan participation with the owners of a Roselle Borough restaurant under a new program established by Governor Jon S. Corzine and the state Legislature to help New Jersey businesses cope with the effects of a national economic downturn.

MORRIS PLAINS, N.J. - August 17, 2009 - (RealEstateRama) -- Since Congress passed the American Recovery and Reinvestment Act earlier this year, many have seized the opportunity offered by the $8,000 tax credit for first-time home buyers. When you factor in today’s historically-low interest rates and housing affordability with the financial incentive from the government, it’s easy to see why so many first time buyers have taken advantage of this chance to realize their dream of homeownership.

TRENTON, NJ - August 1, 2009 - (RealEstateRama) -- Governor Jon S. Corzine announced today that the deadline for filing 2008 “Senior Freeze” (Property Tax Reimbursement Program) and Homestead Rebate applications has been extended until November 2, 2009.

Morristown, NJ - August 12, 2009 - (RealEstateRama) -- Morris County has received the first $250,000 of a $4.2 million federal block grant from the Department of Energy.

TRENTON, NJ - August 7, 2009 - (RealEstateRama) -- The New Jersey Department of Banking and Insurance (DOBI) yesterday ordered Taylor, Bean and Whitaker Mortgage Corporation (TBW) to stop doing business in the state and began the process of revoking the company’s mortgage lending license.

TRENTON, NJ - August 5, 2009 - (RealEstateRama) -- Attorney General Anne Milgram today announced that a former attorney for Atlantic City has been indicted on official misconduct charges for assigning city tax sale certificates to his business partner, who used them to acquire four undeveloped properties for their real estate investment firm.

NEWARK, NJ - August 5, 2009 - (RealEstateRama) -- It’s the type of story that is becoming increasingly more common: FBI Special Agent In Charge Weysan Dun announced today the arrests of GARTH CELESTINE, age 44, of 535 Dean Street, Apartment 515, Brooklyn, New York; and PHIL A. SIMON, age, 34, of Brooklyn – both better known collectively as “Home Savers Consulting Corporation”.

NEWARK, NJ - July 27, 2009 - (RealEstateRama) -- FBI Special Agent In Charge Weysan Dun announced today the arrest of Daniel Verdia, Don Apolito, Jaye Miller, and Chrystal Paling (all on Tuesday, July 21), as well as the surrender of Robert Gorman and Philip Blanch (on Friday, July 24) -all in connection with a mortgage fraud scam operated out of an office in Hasbrouck Heights, New Jersey.

WASHINGTON, DC - July 23, 2009 - (RealEstateRama) -- U.S. Senators Robert Menendez (D-NJ) and Mike Johanns (R-NE) – both members of the Senate Banking, Housing and Urban Affairs Committee – today introduced legislation aimed at ensuring that low-income disabled Americans have access to affordable housing options.

Trenton, NJ - July 16, 2009 - (RealEstateRama) -- In response to an announcement today by Governor Jon Corzine that property tax rebate checks are now being mailed to 129,000 senior and disabled homeowners, Assemblyman Sam Thompson said he’s pleased that segment of the state’s population is continuing to receive the same rebates as last year, but added, “It’s a sad day for the 1.2 million middle class homeowners who are having their rebates taken away by the governor and the Democrat-controlled Legislature.”

ORANGE, NJ - July 14, 2009 - (RealEstateRama) -- Orange Mayor Eldridge Hawkins Jr. today joined Department of Community Affairs (DCA) Commissioner Joseph Doria and New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge DellaVecchia at Reock Commons, a new condominium development at 57 South Center Street, to announce that Orange is the newest member of the Live Where You Work Program. The city is the 15th municipality to partner with the HMFA on the program.

TRENTON, NJ - July 15, 2009 - (RealEstateRama) -- Governor Jon S. Corzine announced today that the mailing had begun of Property Tax Reimbursement checks for 2008 to 129,000 qualified senior and disabled homeowners, and that checks for the program — commonly known as the “Senior Freeze” — will average a record high of $1,132.

TRENTON, NJ - July 15, 2009 - (RealEstateRama) -- Continuing the State’s effort to combat mortgage-related fraud, Attorney General Anne Milgram announced today the filing of two new lawsuits charging a total of 10 individual and corporate defendants with selling bogus loan modification services to distressed homeowners.

Washington, D.C. - July 13, 2009 - (RealEstateRama) -- Today, Congressman Sires announced the release of more than $8 million in funding to New Jersey by the Department of Energy (DOE) for a rebate program to encourage purchases of energy efficient appliances. The money is part of nearly $300 million in funding released by the DOE allocated through the American Recovery and Reinvestment Act for State-run rebate programs for consumer purchases of new ENERGY STAR qualified home appliances.

WASHINGTON, DC - July 6, 2009 - (RealEstateRama) – Sen. Frank R. Lautenberg (D-NJ) today announced New Jersey will receive $61,243,670 in funding to jump start affordable rental housing developments and create construction-related jobs in the state.

WASHINGTON, DC - July 6, 2009 - (RealEstateRama) — U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced that the U.S. Department of Housing and Urban Development has awarded nearly $16 million dollars in funding for New Jersey through the Community Development Block Grant (CDBG), Emergency Shelter Grant (ESG), HOME, and Housing Opportunities for Persons with AIDS (HOPWA) community programs.

TRENTON, NJ - June 30, 2009 - (RealEstateRama) – Attorney General Anne Milgram announced today the indictment of six people charged in three separate, unrelated mortgage fraud cases, including two women charged with spearheading a conspiracy to use stolen identities to obtain more than $1 million in unauthorized mortgages, lines of credit and credit cards.

TRENTON, NJ - June 30, 2009 - (RealEstateRama) – Governor Jon S. Corzine was named one of the nation’s top ten “Greenest Governors” by Greenopia, an online directory of eco-friendly retailers, services, and organizations. The Governor, who ranked ninth, was recognized for his Energy Master Plan, a renewable energy plan that “trumps most other states,” as well as for his efforts to curb greenhouse gas emissions.