real estate

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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Could a sluggish job market threaten a modest recovery in housing?

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Are abandoned properties a problem in your area? If so, a measure headed to the full New Jersey Assembly could be the solution.

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Mortgage foreclosures are way up in New Jersey and across the country, compared to a year ago.

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More and more homeowners in New Jersey are opting against foreclosure and turning to the short sale instead.

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The American Dream of owning a home is at its lowest point in 15 years, more evidence that the housing market is far from recovery even five years after the housing crash.

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