Archives

WASHINGTON, DC - September 5, 2011 - (RealEstateRama) -- U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today applauded the U.S. Small Business Administration's assistance for homeowners, renters, and businesses recovering from the effects of Hurricane Irene.

WASHINGTON, DC - September 2, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of New Jersey and provide support to homeowners and low-income renters forced from their homes following Hurricane Irene.

NEWARK, NY - August 12, 2011 - (RealEstateRama) -- A Superior Court Judge has determined that a Camden County businessman committed multiple violations of the state’s Consumer Fraud Act (“CFA”) when he misled homeowners in foreclosure into believing that they needed his help in obtaining surplus funds to which they were legally entitled.

NEWARK, NJ - August 12, 2011 - (RealEstateRama) -- U.S. Sens. Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced that the City of Camden, Union County and Union Township will receive more than $11,513,236 million in federal funding for community development, emergency homeless shelters, housing assistance and supportive services for persons with HIV/AIDS, and to expand access to affordable housing for low-and moderate-income families.

Edison, N.J. - August 12, 2011 - (RealEstateRama) -- Reacting to the NATIONAL ASSOCIATION OF REALTORS®' (NAR) 2011 Second Quarter Metropolitan Area Home Prices/State Resales report, New Jersey Association of REALTORS® (NJAR®) Chief Executive Officer Jarrod C. Grasso today issued the following statement:

Princeton Junction, NJ - August 8, 2011 - (RealEstateRama) -- The Franklin Group, including Sally Franklin, Samuel Franklin and Peter Franklin, sales associates with Gloria Nilson, Realtors, Real Living in Princeton Junction are currently marketing Cross Creekat Chesterfield, 318 extraordinary homes in 7 neo traditional designs with community parks and tot lots, as well as The Estates at Cross Creek, an intimate enclave of only 23 homes located on a quiet cul-de-sac street.

NEWARK, NJ - August 3, 2011 - (RealEstateRama) -- Continuing the State’s on-going efforts to thwart fraudulent “mortgage loan modification” enterprises, Attorney General Paula T. Dow and the State Division of Consumer Affairs filed administrative actions against seven businesses for illegally offering mortgage modification services to homeowners in dire financial straits. State law requires that anyone providing these services in New Jersey be licensed as a Debt Adjuster by the Department of Banking and Insurance, or be otherwise authorized.

Edison, N.J. - August 3, 2011 - (RealEstateRama) -- The New Jersey Association of REALTORS® (NJAR®) Governmental Research Foundation (GRF) today released a report showing the economic costs and benefits associated with “green building” practices or techniques improving the energy efficiency of a home. The study, Costs and Benefits of Residential Energy Efficiency Improvements, was conducted for NJAR® GRF by the Rutgers Center for Green Building at the Edward J. Bloustein School of Planning and Public Policy at Rutgers University

JERSEY CITY, N.J. - August 3, 2011 - (RealEstateRama) -- New Jersey Department of Community Affairs (DCA) Commissioner Lori Grifa today joined State Senator Sandra B. Cunningham, Mayor Jerramiah T. Healy, and other officials at the ribbon cutting for 13 affordable housing units in Jersey City that received $1 million in Neighborhood Stabilization Program funds through the DCA. The grant is paid for with federal funds intended to stabilize neighborhoods hard hit by home foreclosures.

Trenton, NJ - July 21, 2011 - (RealEstateRama) -- Highlighting the direct relief provided to New Jersey seniors in his Fiscal Year 2012 Budget, Governor Chris Christie today met with senior Sultana Kizides at her home in Perth Amboy to have a conversation about how his budget maintains fiscal discipline while prioritizing and funding core priorities to assist New Jersey seniors

WASHINGTON, DC - July 20, 2011 - (RealEstateRama) -- In the wake of recent allegations that illegal foreclosure “robosigning” by banks is still rampant, U.S Senator Robert Menendez (D-NJ), Chairman of the Senate Subcommittee on Housing, Transportation, and Community Development, and nine additional Senators sent a letter today to the Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corporation urging the agencies to publicly release information regarding each mortgage servicer’s performance to prevent illegal foreclosure practices. An identical letter was sent by Rep.

TRENTON, NJ - July 18, 2011 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that a Paulsboro woman who formerly worked as a local administrator of the New Jersey Home Energy Assistance (HEA) Program was sentenced to state prison today for defrauding the program of more than $20,000 by filing false applications to obtain benefits. In addition, a second former local administrator of the program pleaded guilty today to stealing over $40,000 in program benefits through the submission of fraudulent benefit applications.

NEWARK, N.J. - July 15, 2011 - (RealEstateRama) -- New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony Marchetta today joined City of Newark Mayor Cory Booker and local officials to break ground on Baxter Park, an affordable apartment community to be located at 39-47 Sussex Avenue near Newark’s Broad Street Station District. The HMFA, an affiliate of the Department of Community Affairs (DCA), provided construction and permanent mortgage financing in the amount of $16,350,000 for the project. Baxter Park also is expected to be awarded federal Low Income Housing Tax Credits, which will generate approximately $10.2 million in private equity.

MORRISTOWN, N.J - July 14, 2011 - (RealEstateRama) -- The wait is over for Morristown residents counting down the days until they can order their caffe lattes and mocha frappuccinos. Starbucks, the newest addition to the Shops on the Green, will hold a grand opening celebration on July 22 from 5 to 7 p.m. Everyone is invited to come enjoy live music, free specialty coffee drinks and complimentary pastries while mingling with local dignitaries and members of the Morristown business community.

WASHINGTON, DC - July 4, 2011 - (RealEstateRama) -- U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today joined other federal and City of Paterson officials in opening the Belmont Senior Apartments, which provide 85 units of affordable housing for seniors. The Congressman also announced a $425,491 grant from the U.S. Department of Housing and Urban Development for resident support services at the Belmont Senior Apartments and other affordable housing developments in the city.

TRENTON, NJ - June 30, 2011 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that the Division of Criminal Justice has obtained indictments charging three former administrators and a former shop foreman at the Passaic Valley Sewerage Commission with directing subordinate employees to complete repairs or improvements at the private homes of the administrators or people close to them while the subordinates were on duty for the PVSC.

WASHINGTON, DC - June 17, 2011 - (RealEstateRama) -- Today, a dozen U.S. Senators sent a letter to the Office of the Comptroller of the Currency (OCC) urging the agency to work with State Attorneys General, the U.S. Department of Justice (DOJ), and the U.S. Department of Housing and Urban Development (HUD) to hold mortgage servicers accountable for deficient servicing procedures and improperly foreclosing on homeowners and to develop a comprehensive solution to fix the broken foreclosure process.

TRENTON, NJ - June 16, 2011 - (RealEstateRama) -- Attorney General Paula T. Dow and Division of Criminal Justice Director Stephen J. Taylor announced that two Pennsylvania men and a construction company have been charged in a state grand jury indictment for their alleged roles in an insurance fraud scheme that targeted homes purportedly damaged by hail.

TRENTON, N.J. - June 16, 2011 - (RealEstateRama) -- New Jersey Department of Community Affairs (DCA) Commissioner Lori Grifa and New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony Marchetta today urged prospective homebuyers to take advantage of The Road Home New Jersey, a new consumer education tool that will help guide them in the home buying process

NEWARK, NJ - June 16, 2011 - (RealEstateRama) -- A Cape May County campground, accused of failing to tell mobile home owners it would take half the profit when their mobile home was resold, plus a 10 percent sales commission, has agreed to pay restitution to affected consumers, under terms of a settlement reached with the New Jersey Division of Consumer Affairs.