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down two funeral homes and a cremation service because the owner of the businesses, whose funeral director’s license was revoked following his involvement in illegal body parts harvesting, allegedly violated terms of the board order issued in January.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.
Builders Look Ahead, Prepare for Better Days
Robbinsville, NJ - February 26, 2008 - (RealEstateRama) — Looking ahead and preparing for the eventual economic recovery, preparations continue for the largest and most successful building industry trade show in the Northeast.
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.
The Hampshire Companies Inks Two Lease Deals At Office Building in Saddle Brook, N.J.
Saddle Brook, N.J. - February 3, 2009 - (RealEstateRama) – The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $2 billion, has inked two lease deals at its Class-A office building, Park 80 East, located at 160 Pehle Avenue in Saddle Brook, N.J. The 80,000-square-foot building is an asset of The Hampshire Generational Fund, one of the firm’s private equity real estate investment funds tailored to high net worth investors
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.
New Jersey REALTORS® Release Annual Profile of New Jersey Home Buyers and Sellers
Edison, NJ - January 29, 2009 - (RealEstateRama) – According to the 2008 Profile of New Jersey Home Buyers and Sellers, first-time buyers account for a larger portion of the housing market than in previous years.
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.
The Realities of Selling a Home in Today’s Market
Edison, NJ - January 27, 2009 - (RealEstateRama) – Preparing a home for sale in today's market often requires more than just few cosmetic improvements - it requires keeping an open mind about what buyers are looking for, and staying up to date on the local housing market.
Hampshire Partners Fund VII Acquires 48,000-Square-Foot Office Building In Glen Rock, N.J. in Joint...
Glen Rock, N.J. - January 12, 2009 - (RealEstateRama) – The Hampshire Companies, a full-service, private real estate investment fund manager with equity in assets valued at more than $2 billion, in a joint venture with Onyx Equities have announced the acquisition of a 48,000-square-foot office building located at 85 Harristown Road in Glen Rock N.J. The property was purchased from Motorola, Inc
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.
New Jersey League of Municipalities Reacts to Further Cuts in Property Tax Relief Funding
Trenton, NJ - January 5, 2009 - (RealEstateRama) – As a part of New Jersey’s FY ‘09 ‘mid-course correction’ spending cuts, which will total $2.1 billion, Governor Jon S. Corzine today announced new reductions of more than $15 million in Special Municipal Aid and Extraordinary Aid.
Statewide Mortgage Foreclosure Mediation Program Launched
Trenton, NJ - January 9, 2009 - (RealEstateRama) – A new state-supported mortgage foreclosure mediation program is in place to help the thousands of New Jersey homeowners facing foreclosure throughout the state, Gov. Jon S. Corzine, Chief Justice Stuart Rabner and Attorney General Anne Milgram announced today.
Lyndhurst Lawyer Pleads Guilty to Stealing $4 Million in Funds for Real Estate Closings...
TRENTON, NJ - January 2, 2009 - (RealEstateRama) – Attorney General Anne Milgram and Criminal Justice Director Deborah L. Gramiccioni announced that a Lyndhurst lawyer pleaded guilty today to stealing approximately $4 million entrusted to him for real estate closings, which he used to gamble in Atlantic City.
NJAR® to Work with Public Advocate to Educate Members on Tenants’ Rights During a...
Edison, NJ- December 22, 2008 - (RealEstateRama) – New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE issued the following statement in reaction...