Yearly Archives: 2013

TRENTON, N.J. - February 7, 2013 - (RealEstateRama) -- Getting free advice on how to repair or rebuild your home to minimize future disaster damage is as easy as visiting your local home improvement store. Specialists from the Federal Emergency Management Agency will offer their expertise on building techniques that can help protect your home, business or other property

WASHINGTON, DC - February 6, 2013 - (RealEstateRama) -- To further assist victims of Hurricane Sandy, today U.S. Representatives Bill Pascrell, Jr. (D-NJ), Michael G. Grimm (R-NY), Thomas Rooney (R-FL), and Theodore Deutch (D-FL) introduced the Homeowner Catastrophe Protection Act of 2013. This legislation will provides tax incentives for homeowners and insurance companies to allow them to better prepare for and respond to future natural disasters

Trenton, NJ - February 5, 2013 - (RealEstateRama) -- Taking further action to help New Jersey residents rebuild and restore their properties after Superstorm Sandy, Governor Chris Christie and Administration officials from key departments today held a Mobile Cabinet in Union Beach, where the Governor announced important measures to help storm-impacted residents resolve Sandy-related insurance disputes more quickly and efficiently. These measures include requested changes to provide for a swifter and fairer conclusion of the National Flood Insurance Program (NFIP) claims process for residents and an order from the Department of Banking and Insurance requiring an improved consumer response time from insurance companies.

WASHINGTON, D.C. - February 5, 2013 - (RealEstateRama) -- Today, U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) called on the U.S. Department of Housing and Urban Development (HUD) to make additional resources available to New Jersey homeowners who are in the process of rebuilding after Superstorm Sandy and have found their homes subject to new elevation requirements under the the Federal Emergency Management Agency’s (FEMA) interim floodplain maps.

WASHINGTON, D.C. - February 4, 2013 - (RealEstateRama) -- Bipartisan legislation sponsored by Assembly Republicans Caroline Casagrande and Declan O’Scanlon to save property taxpayers money by sharing property assessment resources countywide has been signed into law today by Governor Christie.

NEWARK - February 4, 2013 - (RealEstateRama) -- A Somerset County, New Jersey man pleaded guilty today to one count of securities fraud and one count of money laundering, admitting that he defrauded victims of an investment scheme by misusing their capital contributions and misrepresenting the performance of their investments, U.S. Attorney Paul J. Fishman announced.

WASHINGTON, D.C. - February 4, 2013 - (RealEstateRama) -- Today, U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) called on the U.S. Department of Housing and Urban Development (HUD) to make additional resources available to New Jersey homeowners who are in the process of rebuilding after Superstorm Sandy and have found their homes subject to new elevation requirements under the the Federal Emergency Management Agency’s (FEMA) interim floodplain maps. In a letter to HUD Secretary Shaun Donovan, the Senators called for the use of new Community Development Block Grant (CDBG) funds allocated in the Sandy disaster relief bill to pay for home elevations.

CAMDEN, NJ - February 1, 2013 - (RealEstateRama) -- Four individuals from New Jersey were taken into custody today for their alleged roles in a $15 million mortgage fraud scheme on an indictment returned by a federal grand jury on January 30, 2013, U.S. Attorney Paul J. Fishman announced.

Hamilton, NJ - January 31, 2013 - (RealEstateRama) -- The New Jersey Builders Association (NJBA), the voice of New Jersey's building industry, is pleased to announce that Timothy J. Touhey, its Chief Executive Officer has been included on NJBIZ's Power 100 list of the most powerful people in business in New Jersey. Touhey is ranked 74 on the list this year. In 2012, he was ranked 80.

TRENTON - January 31, 2013 - (RealEstateRama) -- Attorney General Jeffrey S. Chiesa announced today that New Jersey will receive $3.1 million as part of a multi-state settlement with Lender Processing Services, a Florida-based company that primarily provides technological support to banks and mortgage loan servicers.

WASHINGTON, D.C. - January 31, 2013 - (RealEstateRama) -- The Morris County Vocational School District is offering a new Share Time program, Green Energy Technologies, for high school students.

EATONTOWN, NJ - January 30, 2013 - (RealEstateRama) -- One of the world’s fastest growing data storage companies is staying in New Jersey and moving to the Fort. The State today reached a significant milestone in the redevelopment of the former military installation when the first sale of property was finalized between the Fort Monmouth Economic Revitalization Authority (FMERA) and CommVault.

WASHINGTON, D.C. - January 30, 2013 - (RealEstateRama) -- Seeking a solution to power outages caused by flooded electrical substations, Assembly Republicans Dave Rible and Caroline Casagrande have introduced a plan to require utilities to flood-proof their infrastructure before they increase rates.

WASHINGTON, D.C. - January 30, 2013 - (RealEstateRama) -- Assemblyman Sean T. Kean (R-Monmouth and Ocean) introduced legislation yesterday that requires electric public utilities to implement flood mitigation plans for certain substations and prohibits a rate increase until that plan is implemented.

WASHINGTON, D.C. - January 29, 2013 - (RealEstateRama) -- Bipartisan legislation sponsored by Assemblywoman Holly Schepisi, R-Bergen and Passaic, and Assemblyman Jack Ciattarelli, R-Somerset, Hunterdon, Mercer and Middlesex, that would exempt flood-prone properties acquired by municipalities from county, school and fire district property taxes for the following tax year, was approved by the General Assembly on Monday.

WASHINGTON, D.C. - January 29, 2013 - (RealEstateRama) -- Bipartisan legislation co-sponsored by Assembly Republican Whip Scott Rumana, R-Passaic, Bergen, Essex and Morris, that would exempt flood-prone properties acquired by municipalities from county, school and fire district property taxes for the following tax year, was approved by the General Assembly on Monday.

WASHINGTON, D.C. - January 28, 2013 - (RealEstateRama) -- Survivors of Hurricane Sandy now have until March 1, 2013, to register for disaster assistance through the Federal Emergency Management Agency.

TRENTON, N.J. WASHINGTON, D.C. - January 25, 2013 - (RealEstateRama) -- For many New Jersey homeowners, rebuilding after Hurricane Sandy will mean meeting a higher standard – literally.

NEWARK - January 25, 2013 - (RealEstateRama) -- Nine people involved in a long-running, large-scale mortgage fraud scheme that caused losses of approximately $10 million were charged in two complaints with conspiracy to commit bank fraud, U.S. Attorney Paul J. Fishman announced.

CAMDEN, NJ - January 25, 2013 - (RealEstateRama) -- A federal grand jury for the District of New Jersey, sitting in Camden, has returned a 44-count superseding indictment against six individuals from southern New Jersey and four others for their alleged roles in a $3 million mail and wire fraud conspiracy involving timeshare mortgages, U.S. Attorney Paul J. Fishman announced today