Yearly Archives: 2009

Robbinsville, NJ - June 25, 2009 - (RealEstateRama) - Today, the New Jersey Supreme Court upheld the Appellate Division’s decision in a unanimous ruling stating that municipal governments do not have the right under the Municipal Land Use Law (MLUL) to require developers to set-aside land for open space or recreation facilities – or require payments in lieu of the same – as a condition of approval.

ATLANTIC CITY, NJ - June 23, 2009 - (RealEstateRama) - New Jersey moved ahead in growing the Garden State's clean energy economy with the release of leases for three offshore wind developers, Governor Jon S. Corzine said today during an announcement with Interior Secretary Ken Salazar.

Trenton, NJ - June 23, 2009 - (RealEstateRama) - Officials from the New Jersey Department of Community Affairs (DCA) and the New Jersey Association of REALTORS® (NJAR®) today said the state has enormously important housing incentives available to first-time home buyers and that the programs are helping to invigorate New Jersey's housing market.

Trenton, NJ - June 22, 2009 - (RealEstateRama) – The New Jersey Department of Banking and Insurance (DOBI) today announced a major multistate settlement with Taylor, Bean & Whitaker Mortgage Corporation (TBW) regarding its mortgage lending practices for so-called “nontraditional” loans made in 2006.

Trenton, NJ - June 19, 2009 - (RealEstateRama) - The $400 million additional boon in amnesty funds discovered by Governor Jon Corzine should be part of the funding used to completely restore the property tax rebate program said Assemblywoman Dawn Marie Addiego and Assemblyman Scott Rudder, both R-Burlington.

TRENTON, NJ - June 19, 2009 - (RealEstateRama) – Attorney General Anne Milgram announced that a Lyndhurst lawyer was sentenced today for stealing approximately $4 million entrusted to him for real estate closings, which he used to gamble in Atlantic City.

WASHINGTON, DC - June 16, 2009 - (RealEstateRama) – US Senator Robert Menendez (D-NJ) today announced that New Jersey will receive more than $67 million in homeland security preparedness grants for first responders and safety programs. Included in the total is $26 million in grants for the state and more than $41 million for the Jersey City-Newark area as a region in the top tier of the Urban Area Security Initiative.

TRENTON, N.J. - June 16, 2009 - (RealEstateRama) — A new funding resource in support of Gov. Jon S. Corzine's commitment to promote economic development and a more secure environmentally responsible energy future for New Jersey was unveiled today. Known as the Clean Energy Solutions Capital Investment (CESCI) Loan/Grant, the new program was developed to encourage and promote energy efficiency measures within the commercial and industrial sectors and encourage the use of renewable energy while supporting the goals of the Governor Corzine's Energy Master Plan.

Newark, NJ - June 12, 2009 - (RealEstateRama) – PSE&G has been recognized by the solar industry for its game-changing innovations to expand the solar market that are models for replication around the country. The national award was presented at this week’s PV America conference in Philadelphia.

NEWARK, N.J. - June 11, 2009 - (RealEstateRama) – A Montclair man pleaded guilty today to mail and wire fraud and money laundering charges in connection with a $139 million fraud scheme that bankrupted Pine Brook-based U.S. Mortgage Corp. and its subsidiary, CU National Mortgage, LLC, Acting U.S. Attorney Ralph J. Marra, Jr. announced.

Washington, DC - June 12, 2009 - (RealEstateRama) – Rep. Rush Holt (NJ-12) today hailed the announcement by the U.S. Treasury Department that it is making available Recovery Zone Bonds to help communities obtain capital to fund economic development projects, rebuild infrastructure, maintain public services, and assist families in need.

Edison, NJ - June 12, 2009 - (RealEstateRama) – The New Jersey Association of REALTORS® (NJAR®) Governmental Research Foundation (GRF) today unveiled an online, interactive database prepared by the nationally recognized Center for Housing Policy that compares wages for selected occupations with the costs of owning and renting a home.

GLASSBORO, NJ - June 8, 2009 - (RealEstateRama) – Glassboro Mayor Leo J. McCabe today joined Department of Community Affairs (DCA) Commissioner Joseph Doria and New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia at Borough Hall at 1 South Main Street to announce that Glassboro is the newest member of the Live Where You Work Program. The borough is the 14th municipality to partner with HMFA on the program.

NEW BRUNSWICK, NJ - June 10, 2009 - (RealEstateRama) – Noting the significance of public-private partnerships to New Jersey's continued economic revitalization, Governor Jon S. Corzine today joined state and local officials to break ground for New Brunswick's $150 million Gateway Transit Village project.

NORTH BERGEN, NJ - June 8, 2009 - (RealEstateRama) — Building upon the region's rich legacy of major public transportation assets, Governor Jon S. Corzine, Senators Frank R. Lautenberg and Robert Menendez, FTA Administrator Peter Rogoff and a group of other federal, state and local officials today broke ground on the Mass Transit Tunnel project, the largest transit public works project in America.

Edison, NJ - June 4, 2009 - (RealEstateRama) — The New Jersey Association of REALTORS® (NJAR®) today voiced its enthusiastic support for legislation establishing continuing education requirements for real estate licensees. As a means of increasing consumer protections and encouraging the use of the most up-to-date educational tools by real estate licensees, the bill requires real estate brokers, broker-salespersons and salespersons to complete continuing education requirements as a condition for license renewal.

Washington, D.C. - June 6, 2009 - (RealEstateRama) — Rep. Rush Holt today introduced legislation to extend his federal property tax relief initiative for five years. The property tax deduction – which benefits homeowners who do not itemize on their Federal tax returns – is based on legislation Holt introduced in 2007 and was enacted into law in August 2008. In October 2008, Holt successfully secured a one-year extension so that homeowners can benefit through the 2009 tax year.

Edison, NJ - June 3, 2009 - (RealEstateRama) — The New Jersey Association of REALTORS® (NJAR®), in partnership with The Star-Ledger, will kick off its educational seminar series on June 24 at the NJ Convention and Exposition Center at Raritan Center in Edison, with a free event from 6:00 to 8:00 p.m. The Clock is Ticking -- Time to Harness Your Home Buying Power will give attendees insight on the many different aspects of buying a home.

Morristown, NJ - June 2, 2009 - (RealEstateRama) — The Morris County Housing Authority is coordinating a Homeownership and Foreclosure Forum on June 18 from 9 a.m. to 3 p.m. at the Frelinghuysen Arboretum, 53 East Hanover Ave., in Morris Township.

TRENTON, NJ - May 29, 2009 - (RealEstateRama) — Governor Jon S. Corzine today announced that the deadline for New Jersey’s senior and disabled homeowners to file 2008 Homestead Rebate applications has been extended to August 17, 2009. The deadline for filing a 2008 Senior Freeze (Property Tax Reimbursement) application has also been extended to August 17. The original deadline for filing 2008 applications for both programs was June 1, 2009.