Yearly Archives: 2009

TRENTON, NJ - March 20, 2009 - (RealEstateRama) — New Jersey Democratic Chair Joe Cryan today called on Republican Gubernatorial candidate Chris Christie to produce a budget in the wake of comments he made on WNYC’s The Brian Lehrer Show and his statement regarding the restoration of the property tax deduction.

Edison, NJ - March 16, 2009 - (RealEstateRama) — The New Jersey Association of REALTORS® Educational Foundation (NJAREF) will present 39 scholarships this year, ranging from $1,000 to $2,500 each. Applications will be accepted until April 6, 2009 from:

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.

NEWARK, N.J. - March 18, 2009 - (RealEstateRama) — A federal bankruptcy court in New Jersey took two actions related to the U.S. Mortgage Corp. (known as CU National Mortgage) bankruptcy case: it appointed seven credit union representatives to an Unsecured Creditors' Committee and set a hearing date for May 11.

TRENTON, NJ - March 12, 2009 - (RealEstateRama) — Continuing the state’s attack on mortgage fraud, Attorney General Anne Milgram announced today the filing of three new fraud lawsuits charging a total of 14 individual and corporate defendants.

Edison, NJ - March 3, 2009 - (RealEstateRama) — Reacting to Point Pleasant Beach's proposal to increase parking fees and restrict free parking permits for permanent and seasonal residents, New Jersey Association of REALTORS^® (NJAR^®) Executive Vice President Jarrod C. Grasso, RCE issued the following statement

Washington, DC - March 2, 2009 - (RealEstateRama) — U.S. Representative Rush Holt (NJ-12) today announced that Central New Jersey will receive $2.8 million in federal community development funding as part of the recently enacted American Recovery and Reinvestment Act.

WASHINGTON - February 25, 2009 - (RealEstateRama) — Only eight days after President Barack Obama signed the American Recovery and Reinvestment Act into law, U.S. Rep. Bill Pascrell, Jr. (D-NJ-08) today announced that Passaic County and its municipalities will be awarded nearly $10 million in federal funding through various Department of Housing and Urban Development (HUD) grant programs.

Edison, NJ - February 27, 2009 - (RealEstateRama) — The New Jersey Association of REALTORS^® (NJAR^®) today said President Obama's budget proposal to reduce the amount of mortgage tax deductibility for families earning over $250,000 will negatively impact housing and economic recovery efforts in high cost areas like New Jersey.

TRENTON, NJ - February 20, 2009 - (RealEstateRama) — Attorney General Anne Milgram and Criminal Justice Director Deborah L. Gramiccioni announced that a Monmouth County man was sentenced to state prison today in connection with a series of mortgage and investment scams through which he stole approximately $2.9 million from victims.

NEWARK, NJ - February 19, 2009 - (RealEstateRama) — State Attorney General Anne Milgram is requesting that the state licensing board shut down two funeral homes and a cremation service because the owner of the businesses, whose funeral director’s license was revoked following his involvement in illegal body parts harvesting, allegedly violated terms of the board order issued in January.

ELIZABETH, NJ - February 20, 2008 - (RealEstateRama) — In the economic recovery package passed on Friday, U.S. Senator Robert Menendez (D-NJ), with the support of Senator Edward Kennedy (D-MA) and Senator Patty Murray (D-WA), secured $70 million in federal funding for a program to help schoolchildren uprooted by foreclosures to remain in their schools and receive educational assistance.

Robbinsville, NJ - February 26, 2008 - (RealEstateRama) — Looking ahead and preparing for the eventual economic recovery, preparations continue for the largest and most successful building industry trade show in the Northeast.

Edison, NJ - February 17, 2009 - (RealEstateRama) – In today's unsteady economy, many homeowners experiencing financial difficulty have turned to a short sale as a means of avoiding a foreclosure.

Edison, NJ - February 12, 2009 - (RealEstateRama) – Reacting to the NATIONAL ASSOCIATION OF REALTORS^®' (NAR) 2008 Fourth Quarter Metro Home Prices/State Resales report, New Jersey Association of REALTORS^® (NJAR^®) Executive Vice President Jarrod C. Grasso, RCE, today issued the following statement

WASHINGTON - February 10, 2009 - (RealEstateRama) – Today, U.S. Senator Robert Menendez (D-NJ) assumed the chairmanship of the Housing, Transportation and Community Development Subcommittee in the Senate Banking Committee.

Saddle Brook, N.J. - February 3, 2009 - (RealEstateRama) – The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $2 billion, has inked two lease deals at its Class-A office building, Park 80 East, located at 160 Pehle Avenue in Saddle Brook, N.J. The 80,000-square-foot building is an asset of The Hampshire Generational Fund, one of the firm’s private equity real estate investment funds tailored to high net worth investors

Robbinsville, NJ - February 4, 2009 - (RealEstateRama) – Demonstrating a commitment to "green" business practices within the home building industry, the Atlantic Builders Convention (ABC) is soliciting and promoting eco-friendly companies to participate in the convention.

Edison, NJ - January 29, 2009 - (RealEstateRama) – According to the 2008 Profile of New Jersey Home Buyers and Sellers, first-time buyers account for a larger portion of the housing market than in previous years.

Edison, NJ - January 27, 2009 - (RealEstateRama) – A poll released today by the New Jersey Association of REALTORS^® (NJAR^®) Governmental Research Foundation (GRF), reveals that 40.2 percent of people think reducing taxes and government fees is the most important issue government leaders should work on in the next two years.