Archives

WASHINGTON, DC - October 8, 2009 - (RealEstateRama) -- In an effort to provide those serving in the armed forces with the full housing benefits of the American Recovery and Reinvestment Act of 2009, U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today voted in support of bipartisan legislation that expands housing benefits to uniformed service members and other federal employees.

MORRIS PLAINS, N.J., - October 1, 2009 - (RealEstateRama) -- According to a recent survey of real estate agents, the first-time homebuyer tax credit has been extremely successful in stimulating the housing market and the overall economy.

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.

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.

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.

NEWARK, NJ - August 5, 2009 - (RealEstateRama) -- It’s the type of story that is becoming increasingly more common: FBI Special Agent In Charge Weysan Dun announced today the arrests of GARTH CELESTINE, age 44, of 535 Dean Street, Apartment 515, Brooklyn, New York; and PHIL A. SIMON, age, 34, of Brooklyn – both better known collectively as “Home Savers Consulting Corporation”.

TRENTON, NJ - July 31, 2009 - (RealEstateRama) -- Governor Jon S. Corzine today announced that more than 540,000 New Jersey senior and disabled homeowners will begin receiving Homestead Rebates that average about $1,300 for most recipients. "This year's State Budget dedicates more than $1.1 billion in direct property tax relief to New Jersey homeowners and tenants," said Governor Corzine. "Despite significant reductions in spending, we were able to preserve rebates for most of last year's recipients, including all seniors."

TRENTON, NJ - July 28, 2009 - (RealEstateRama) -- Governor Jon S. Corzine announced today that one million middle-income New Jersey homeowners will soon receive applications for Homestead Rebates, the direct property tax relief program recently restored to the Fiscal Year 2010 Budget so that one-half of non-senior homeowners who received rebates last year could get them again this year.

NEWARK, NJ - July 27, 2009 - (RealEstateRama) -- FBI Special Agent In Charge Weysan Dun announced today the arrest of Daniel Verdia, Don Apolito, Jaye Miller, and Chrystal Paling (all on Tuesday, July 21), as well as the surrender of Robert Gorman and Philip Blanch (on Friday, July 24) -all in connection with a mortgage fraud scam operated out of an office in Hasbrouck Heights, New Jersey.

TRENTON, NJ - July 21, 2009 - (RealEstateRama) -- Governor Jon S. Corzine today announced the award of $16,165,287 in federal Low Income Housing Tax Credit funds and $22,634,105 million in American Recovery and Reinvestment (ARRA) funding through the Tax Credit Assistance Program (TCAP).

Trenton, NJ - July 16, 2009 - (RealEstateRama) -- In response to an announcement today by Governor Jon Corzine that property tax rebate checks are now being mailed to 129,000 senior and disabled homeowners, Assemblyman Sam Thompson said he’s pleased that segment of the state’s population is continuing to receive the same rebates as last year, but added, “It’s a sad day for the 1.2 million middle class homeowners who are having their rebates taken away by the governor and the Democrat-controlled Legislature.”

TRENTON, NJ - July 15, 2009 - (RealEstateRama) -- Governor Jon S. Corzine announced today that the mailing had begun of Property Tax Reimbursement checks for 2008 to 129,000 qualified senior and disabled homeowners, and that checks for the program — commonly known as the “Senior Freeze” — will average a record high of $1,132.

TRENTON, NJ - July 15, 2009 - (RealEstateRama) -- Continuing the State’s effort to combat mortgage-related fraud, Attorney General Anne Milgram announced today the filing of two new lawsuits charging a total of 10 individual and corporate defendants with selling bogus loan modification services to distressed homeowners.

WASHINGTON, DC - July 6, 2009 - (RealEstateRama) – Sen. Frank R. Lautenberg (D-NJ) today announced New Jersey will receive $61,243,670 in funding to jump start affordable rental housing developments and create construction-related jobs in the state.

TRENTON, NJ - June 30, 2009 - (RealEstateRama) – Attorney General Anne Milgram announced today the indictment of six people charged in three separate, unrelated mortgage fraud cases, including two women charged with spearheading a conspiracy to use stolen identities to obtain more than $1 million in unauthorized mortgages, lines of credit and credit cards.

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.

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, 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.