Archives
NJAR® Kicks Off Spring Buying Season with Tax Credit Countdown
Edison, NJ - April 03, 2009 - (RealEstateRama) — With an $8,000 federal tax credit available to first-time home buyers and mortgage rates at 40-year lows, the New Jersey Association of REALTORS® (NJAR®) announced today the launch of a newly designed website, www.REALstoryNJ.com, featuring a countdown to the expiration of the federal first-time home buyer tax credit.
Jersey City Man Pleads Guilty In $573,000 Homestead Rebate Scam
TRENTON, NJ - March 31, 2009 - (RealEstateRama) — Attorney General Anne Milgram and Criminal Justice Director Deborah L. Gramiccioni announced that a Jersey City man pleaded guilty today to his role in a conspiracy involving his business partner and members of the partner’s family in which they stole $573,383 from the state by filing fraudulent applications for 745 Homestead Rebate checks.
West Windsor Mayor Signs Redevelopment Legislation
West Windsor, N.J. - March 26, 2009 - (RealEstateRama) — Mayor Shing-Fu Hsueh signed into law the Redevelopment Ordinance that will modify the zoning for the 350-acres Redevelopment Area around the Princeton Junction at West Windsor train station.
Cryan Calls on Christie to Produce a Balanced Budget
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.
NJAR® Educational Foundation to Present 39 Scholarships This Spring
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:
Mortgage broker bankruptcy hearing, creditors set
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.
Attorney General Announces Three New Mortgage Fraud Complaints – Disbarred Lawyer, Son Sued for...
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.
New Jersey REALTORS® Troubled by Point Pleasant Beach’s Parking Plan
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
Holt Announces Central NJ to Receive $2.8 Million For Community Development
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.
Pascrell Announces $10 Million In Economic Recovery Funding For Housing Assistance In Passaic County...
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.
New Jersey REALTORS® Oppose Obama Plan to Slash Mortgage Interest Deduction
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.
Monmouth County Man Sentenced to State Prison for $2.9 Million Mortgage and Investment Scams
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.
State Acts to Shut Funeral Homes After Owner Allegedly Violated Restrictions Imposed After Illegal...
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.
NJ Senator has been main proponent of funding help children remain in their schools...
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.
NJAR® Encourages Consumers to Explore Short Sales as an Alternative to Foreclosure
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.
NJAR® Releases Statement Regarding 4th Quarter Home Sales Report
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
SEN. MENENDEZ CHOSEN AS CHAIRMAN OF HOUSING AND TRANSPORTATION SUBCOMITTEE IN SENATE BANKING COMMITTEE
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.
Atlantic Builders Convention Adopts, Promotes “Green” Products and Practices
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.
NJ REALTORS® Poll Reveals the Public Wants Lawmakers to Focus on Reducing Taxes
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.
New programs aimed at keeping families in their homes
Trenton, NJ - January 9, 2009 - (RealEstateRama) – To reduce foreclosures and further assist New Jersey homeowners at risk of losing their homes, Governor Jon S. Corzine today signed the Mortgage Stabilization and Relief Act into law. The legislation, (S-1599/A3506), which is another component of the Governor's Economic Assistance and Recovery Plan, establishes the Mortgage Stabilization Program and the Housing Assistance and Recovery Program.
