Yearly Archives: 2009

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.

FRANKLIN TWP., NJ - September 18, 2009 - (RealEstateRama) -- New Jersey Department of Community Affairs (DCA) Acting Commissioner Charles A. Richman and New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia today joined local officials to break ground on Franklin Boulevard Commons

CHERRY HILL TWP., N.J. - September 15, 2009 - (RealEstateRama) -- Cherry Hill Township Mayor Bernie Platt today joined New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia at the Township Municipal Building, 820 Mercer Street, to announce that Cherry Hill is the newest member of the Live Where You Work Program.

WASHINGTON, DC - September 11, 2009 - (RealEstateRama) -- Today, U.S. Senator Robert Menendez (D-NJ) and the Housing Authority of Bergen County announced that they have secured an additional $3,730,211 in funding for Section 8 Housing Choice Vouchers for Bergen County.

NEWARK, NJ - September 3, 2009 - (RealEstateRama) -- New Jersey Department of Community Affairs (DCA) Acting Commissioner Charles A. Richman and New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia today joined local officials to break ground on Roseville Commons, a 50-unit affordable housing building located at 533-567 Orange Street in Newark.

MORRIS PLAINS, N.J.- September 9, 2009 - (RealEstateRama) -- The $8,000 tax credit enacted earlier this year by Congress, along with the today’s affordable home prices and low interest rates, has helped make the dream of homeownership a reality for countless Americans.

Trenton, NJ - September 9, 2009 - (RealEstateRama) -- Assembly Republican Conference Leader Pete Biondi issued the following statement in response to a Star Ledger report today that residential foreclosure complaints in New Jersey increased 43 percent in July over the same month last year:

NEWARK, NJ - September 8, 2009 - (RealEstateRama) -- David Findel is best known for his purchase of exclusive seats at a local football stadium. Now, he will be known for another reason. Today, Special Agent In Charge Weysan Dun announced the surrender of Findel, the 44-year-old President and CEO of Worldwide Financial Resources, on a single charge of wire fraud.

WASHINGTON TWP., N.J. - August 24, 2009 - (RealEstateRama) -- Washington Township Mayor Matthew Lyons today joined New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia at the Township Municipal Building, 523 Egg Harbor Road, to announce that Washington Township (Gloucester County) is the newest member of the Live Where You Work Program.

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.

Trenton, NJ - August 13, 2009 - (RealEstateRama) -- Seven years ago the state had only six solar installations.

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.

Edison, NJ - August 12, 2009 - (RealEstateRama) -- Reacting to the NATIONAL ASSOCIATION OF REALTORS®’ (NAR) 2009 Second Quarter Metropolitan Statistical Area (MSA) Home Prices/State Resales report, New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE, noted that first-time buyers are the key to successful recovery of the New Jersey real estate market.According to Grasso, “the home price data signifies an unprecedented opportunity for home purchasers, particularly first-time buyers. Single family homes, apartment and condominium units are more affordable now than they have been in years.”

TRENTON, NJ - August 7, 2009 - (RealEstateRama) -- Governor Jon S. Corzine today announced that New Jersey has secured $10.2 million in funds from the U.S. Department of Housing and Urban Development (HUD) to put its Homelessness Prevention and Rapid Re-Housing Program into action.

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.