Cedar Grove Real Estate News
Monday Apr 27 | via Patch.com
Justin Wrobel, manager of the Weichert West Orange office, has recently announced that his office will be taking part in the upcoming Susan G. Komen Race for the Cure North Jersey event on Sunday, May 3 beginning at 8:00am at Essex County South Mountain Recreation Complex. The event, organized by the Susan G. Komen Organization, will include a 5K route, which is approximately 3.1 miles, followed by an awards ceremony and a celebration. Comment?
Apr 1, 2015 | via Clarks Hometown News Patriot
An Essex County man was sentenced today to 135 months in prison for running a real estate investment scheme that bilked victims out of more than $5 million, U.S. Attorney Paul J. Fishman announced Abbe Edelman, 51, of Livingston, previously pleaded guilty before U.S. District Judge Susan Wigenton to an information charging him with one count of wire fraud. Judge Wigenton imposed the sentence today in Newark federal court. Comment?
Feb 3, 2015 | via The Jersey Journal
S&P will pay approximately $1.38 billion to settle government allegations that it knowingly inflated its ratings of risky mortgage investments which helped trigger the financial crisis. TRENTON - Standard & Poor's Financial Services and its parent company, McGraw Hill Financial, will pay New Jersey $21.5 million to settle allegations that it broke state and federal laws by misleading consumers about its ratings practices, state authorities said today. Comment?
Jan 5, 2015 | via NorthJersey.com
This article is the second installment of a series on housing affordability in Montclair. More than 40 percent of Montclair's 14,000 households are housing burdened, spending 30 percent or more of income on housing, according to data from the 2009-2013 American Community Survey. Comment?
Dec 18, 2014 | via NJ.com
So, when his wife - with whom he had three sons - expressed she wanted a divorce, he felt overwhelmed and powerless. Michael worried that he would not be able to keep the home he had worked so hard for. Comment?
Monday Apr 27 | via National Mortgage News
The foreclosure nightmare that haunted homeowners during and after the Great Recession has loosened its grip considerably in most states. Foreclosures there are 17% higher than they were in 2014, and bank repossessions of homes are up 18%, the housing-analytics firm RealtyTrac reported last week - even as the rest of the country logged the lowest foreclosure numbers in eight years. Comment?
Thursday Apr 23 | via WKXW-FM Trenton
Nearly 15 percent of homes in New Jersey are considered seriously underwater, meaning the owner owes at least 25 percent more than their property is worth, according to a new report from RealtyTrac . The report, released Thursday, put 14.5 percent of New Jersey residential properties in that category for the first quarter of 2015, compared to 13 percent one quarter prior. Comment?
Wednesday Apr 15 | via The Real Deal
The Real Deal is excited to announce the launch of our inaugural New Jersey market report, to be included in the June 2015 issue of the magazine. The 40-plus-page print supplement will take an in-depth look at the Northern Jersey residential and commercial real estate market, with a specific focus on Hudson, Bergen, Union and Monmouth counties. Comment?
Wednesday Apr 15 | via Daily Mail
Aaron Hernandez gets LIFE in prison without parole: Former NFL star guilty of murder as his fiancee and her sister - the victim's girlfriend - sob at opposite sides of the courtroom Sisters divided by a killer: How Aaron Hernandez's murder tore apart his fiancee and her sibling who was also the victim's girlfriend Now Hernandez faces ANOTHER murder trial: Former NFL star will answer for 2012 drive-by shooting that left two men dead after nightclub dispute over spilled drink Seconds from being blown out the sky: Guards were ready to open fire on Florida mailman who flew gyro-copter into DC undetected and onto Capitol lawn in a political protest George Washington and most of Jamestown had gay sex... and John Wilkes Booth was one of Abraham Lincoln's spurned lovers, says new book Unarmed father of three with a new baby on the way shot dead by police on live TV after leading them on ... (more) Comment?
Monday Apr 13 | via Asbury Park Press
New Jersey consumers are in better financial shape than the rest of the nation, a Federal Reserve Board of New York study showed. Comment?
10 min ago | via The Daily Townsman
Seniors and those approaching retirement are making up a growing proportion of those filing for insolvency in Ontario and have bigger debts compared to younger people, a report said Monday. And while credit card debt makes up the largest portion for them, payday loans are a growing concern for seniors, said Doug Hoyes, co-founder of bankruptcy trustee firm Hoyes, Michalos & Associates Inc. which did the report. Comment?
19 min ago | via Reuters
Morgan Stanley said on Monday it could lose more than $290 million from a lawsuit by Deutsche Bank National Trust Co over the quality of about $735 million of the Wall Street firm's mortgages. Deutsche Bank in April last year filed a complaint that alleged Morgan Stanley had falsely represented the quality of the loans, the U.S. bank said in a regulatory filing. Comment?
19 min ago | via Reuters
The bank had applied for the waiver following its agreement last year to pay $2.5 billion to resolve criminal charges that it helped wealthy Americans evade U.S taxes. The criminal charges automatically triggered a federal law that deprives the bank for three years of the privilege of being known in the market as a "well-known seasoned issuer," or WKSI. Comment?
25 min ago | via The Indianapolis Star
Don't buy a meth house Home inspectors don't routinely test homes for meth, but Indiana leads the nation in busts. Check out this story on IndyStar.com: http://indy.st/1IamEMr Jenny and Chris Nugent look through the files of paper work from test results from their former home that they found out was contaminated from a methamphetamine lab by the previous owner. Comment?
29 min ago | via Bloomberg
Janet Yellen, chair of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., on Feb. 24. Photographer: Andrew Harrer/Bloomberg The U.S. Department of Justice has joined an investigation into a leak of confidential Federal Reserve information in 2012, escalating a probe that has drawn scrutiny from members of Congress in both parties. Federal Reserve Chair Janet Yellen revealed the Justice Department's involvement in a letter to Representative Jeb Hensarling on Monday. Comment?
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