real estate - Page 3

Ten major banks and mortgage companies have agreed to pay $8.5 billion to settle complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

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From purchases and prices to builder sentiment and construction, the U.S. housing market is making consistent gains.

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Foreclosure activity in New Jersey was up 140 percent in October, the highest year-over-year increase in the nation.

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Many folks have been calling and asking questions regarding the new 3.8% real estate tax. Will this affect most home sales? Will the average seller who already has a problem selling their home be charged a tax on top of it? Here's what you need to know.

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Lawmakers have held a special hearing to find out why the New Jersey HomeKeeper Program has been slow to provide financial assistance to unemployed and under-employed Garden state residents facing foreclosure.

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As part of the national Distressed Homeowner Initiative described by Attorney General Eric Holder and other federal officials, the District of New Jersey has brought a number of significant criminal cases involving felony offenses during the fiscal year which closed Sept. 30, 2012. That announcement came today from U.S. Attorney Paul Fishman.

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A father and son from New Jersey are charged today in an alleged scheme in which the father promised to rescue homeowners who were facing foreclosure, but instead sold their homes to unwitting investors and conspired with the son to steal $4.5 million from lenders by filing fraudulent mortgage applications in the investors’ names. The announcement comes from State Attorney General Jeff Chiesa.

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A pair of encouraging reports about the housing market gave U.S. stocks a small boost Wednesday.

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U.S. home prices jumped 3.8 percent in the 12 months ending in July, according to a private real estate data provider. The year-over-year increase was the biggest in six years, further evidence that the housing market is steadily recovering.

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For the past 50 years, the American dream was all about buying a home in the Jersey suburbs, but that's now started to change.

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