Yearly Archives: 2012

Hamilton, NJ - November 7, 2012 - (RealEstateRama) -- The New Jersey Builders Association (NJBA), the state's leading trade organization for the home building industry, extends its heartfelt thoughts and prayers to those individuals and families who have been affected by Hurricane Sandy.

Trenton, NJ - November 6, 2012 - (RealEstateRama) -- Governor Chris Christie, Attorney General Jeffrey S. Chiesa, and the New Jersey Division of Consumer Affairs today reminded consumers and municipalities to be on high alert for fly-by-night, unregistered, and dishonest home improvement contractors in the wake of Hurricane Sandy.

WASHINGTON, DC - November 5, 2012 - (RealEstateRama) -- As part of the administration’s continued support for states and local partners impacted by Hurricane Sandy, the Treasury Department and the Internal Revenue Service today announced that they will waive low-income housing tax credit rules that prohibit owners of low-income housing from providing housing to victims of Hurricane Sandy who do not qualify as low-income. The action will expand the availability of housing for disaster victims and their families.

Trenton, NJ - November 2, 2012 - (RealEstateRama) -- Taking action to save homeowners money following Hurricane Sandy, Governor Chris Christie signed Executive Order 107, prohibiting insurance companies from imposing costly hurricane deductibles on New Jersey homeowners. An important part of the recovery of New Jersey will be the influx of funds that occurs when insurers settle claims by New Jersey homeowners. This action will increase the total size of the payments made by the insurance industry, helping residents rebuild their homes and speed New Jersey's path to recover

NEWARK - October 22, 2012 - (RealEstateRama) -- U.S. Senator Robert Menendez, co-author with Senator Barbara Boxer of the Responsible Homeowner Refinancing Act, underscored the President’s call today for Republicans in Congress to join Democrats in passing their bill which will expand opportunities to access historically low interest rates for borrowers who make their mortgage payments on time. In his radio address to the nation, President Obama said the plan is one that “…we know will work. It has the support of independent, nonpartisan economists and leaders across the housing industry. But Republicans in Congress banded together and kept this plan from even coming to a vote.”

Washington, DC - October 19, 2012 - (RealEstateRama) -- U.S. Senators Robert Menendez and Frank R. Lautenberg (D-NJ) today announced that Gloucester County and the Borough of Hopatcong will each receive $50,000 from the U.S. Department of Agriculture (USDA) to make repairs and improve housing conditions for low- and very-low-income rural residents. The funds from USDA’s Rural Development's Housing Preservation Grant program will go to the town and county governments, which will then distribute the funds to homeowners and owners of multi-family rental properties or cooperative dwellings for repairs.

Historic Pension and Tool Kit Reforms Bring Even Greater Savings to Property Taxpayers Trenton, NJ - October 17, 2012 - (RealEstateRama) -- Governor Chris Christie...

Newark - October 3, 2012 - (RealEstateRama) -- U.S. Senators Robert Menendez and Frank R. Lautenberg today announced that the City of Trenton will receive more than $3.1 million in federal funding from the U.S. Department of Housing and Urban Development (HUD) for community and economic development, and to provide emergency shelter and affordable housing opportunities for low-income families.

WASHINGTON, DC - October 2, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced the approval of the State of New Jersey’s disaster recovery plantotaling $15.6 million in emergency aid to help communities throughout New Jersey, specifically Passaic County, to recover from Hurricane Irene. With the acceptance of this disaster plan, the real work of long-term disaster recovery throughout New Jersey can now begin.

WASHINGTON, DC - October 1, 2012 - (RealEstateRama) -- U.S. Senators Robert Menendez and Frank R. Lautenberg, who fought for the more than $300 million in federal funding awarded to help New Jersey homeowners who lost their jobs avoid foreclosure, today called the continued failure by the State to effectively implement the HomeKeeper program “unconscionable.” In a third letter to the Director of the NJHMFA regarding their poor performance on behalf of homeowners, the Senators noted again that after two years – and increasing foreclosures -- the State is dead last in the nation in implementation and called for a series of immediate measures to improve results.

NEWARK - October 1, 2012 - (RealEstateRama) -- U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced $1,108,784 in federal funding for a construction project at the New Jersey Veterans’ Memorial Home in Paramus. The funding, provided by the U.S. Department of Veterans Affairs, has been awarded to the State of New Jersey to replace the roofs on two buildings at the Paramus Memorial Home.

Trenton, NJ - October 1, 2012 - (RealEstateRama) -- Recent disasters such as Tropical Storm Irene, the wildfires in southern New Jersey and the apartment building fire in Woodbridge all call attention to the vital role that homeowners and renter’s insurance plays in helping consumers rebuild their homes and replace their property following a loss. Unfortunately, consumers may be confused, which can prevent them from buying the insurance product that best fits their needs

WASHINGTON, DC - September 26, 2012 - (RealEstateRama) -- U.S. Senators Robert Menendez and Frank R. Lautenberg, who fought for the more than $300 million in federal funding awarded to help New Jersey homeowners who lost their jobs avoid foreclosure, today called the continued failure by the State to effectively implement the HomeKeeper program “unconscionable.” In a third letter to the Director of the NJHMFA regarding their poor performance on behalf of homeowners, the Senators noted again that after two years – and increasing foreclosures -- the State is dead last in the nation in implementation and called for a series of immediate measures to improve results

Washington - September 26, 2012 - (RealEstateRama) -- U.S. Senators Robert Menendez (D-NJ) and Frank R. Lautenberg (D-NJ) today announced that counties and municipalities across New Jersey will receive more than $23.2 million from the U.S. Department of Housing and Urban Development (HUD) for various housing and economic development programs.

ELIZABETH, N.J. - September 24, 2012 - (RealEstateRama) -- U.S. Senator Robert Menendez (D-NJ) and U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan today visited the home of Ellen Kovac in Elizabeth for a discussion with middle class homeowners about the obstacles they face in refinancing and a proposal by the Senator pending in Congress which would help millions of responsible borrowers refinance at today’s record low rates. Elizabeth Mayor J. Christian Bollwage was also at this kitchen table discussion.

Newark - September 20, 2012 - (RealEstateRama) -- U.S. Senators Robert Menendez (D-NJ) and Frank R. Lautenberg (D-NJ) today announced that the U.S. Department of Veterans Affairs (VA) has awarded Volunteers of America of Delaware Valley $1.2 million through its Grant and Per Diem (GDP Program) to provide temporary housing -- a daily average of 25 beds -- for homeless veterans in Atlantic, Burlington, Camden, Gloucester and Mercer counties.

Newark - September 20, 2012 - (RealEstateRama) -- U.S. Senators Robert Menendez (D-NJ) and Frank R. Lautenberg (D-NJ) today announced that the U.S. Department of Veterans Affairs (VA) has awarded Volunteers of America of Delaware Valley $1.2 million through its Grant and Per Diem (GDP Program) to provide temporary housing -- a daily average of 25 beds -- for homeless veterans in Atlantic, Burlington, Camden, Gloucester and Mercer counties.

TRENTON - September 19, 2012 - (RealEstateRama) -- Attorney General Jeffrey S. Chiesa announced that a lawyer from Monmouth County was sentenced to prison today for his role in a scheme to steal more than $2.6 million from lenders by filing fraudulent mortgage loan applications

TRENTON - September 14, 2012 - (RealEstateRama) -- Attorney General Jeffrey S. Chiesa announced that a lawyer from Morris County was sentenced to prison today for his role in a scheme to defraud a mortgage lender of $431,200 by filing a false loan application and purchasing a home in Newark in the name of a man who was deceased

TRENTON - September 12, 2012 - (RealEstateRama) -- Attorney General Jeffrey S. Chiesa announced that a lawyer from Red Bank pleaded guilty today to conspiring with others to steal over $1 million from lenders by filing fraudulent mortgage applications, diverting mortgage proceeds and falsifying settlement statements