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foreclosure: Are Foreclosures Making Us Sick? It Might be True! - 10/23/11 10:00 AM
Foreclosures Are Making Us Sick!
What are the full effects of foreclsoure on society?  New research by a joint Princeton University and Georgia State University study inidcates the threat of foreclosure is making us sick!Two economists and have measured just how unhealthy the foreclosure crisis has been in some of the hardest-hit areas of the U.S.  They showed a direct correlation between foreclosure rates and health in residents of New Jersey, Arizona, Florida and California.Each state was analyzed by ZIP code, comparing foreclosure rates to reports of emergency-room visits and hospital admissions for stress-related conditions from April 2005 through December 2009.Their conclusions published … (6 comments)

foreclosure: A Short Sale Is Too Much Work...I'll Wait for the Bank to Foreclose - 05/10/11 09:32 PM
A Short Sale Is Too Much Work...I'll Wait for the Bank to Foreclose You might wonder why you should consider a short sale on your Jersey Shore home...your credit score has already ready taken a hit due to late payments.  So what's the point you might ask. I'm not an attorney, nor can I tell you what your lender will do.
I can tell you in New Jersey, your lender may obtain a deficiency judgment if the property is sold at a sheriff's auction for less than the loan amount.  Under New Jersey’s Fair Market Credit Doctrine your lender has three … (17 comments)

foreclosure: More Money for New Jersey's Unemployed Mortgage Assistance Program - 10/12/10 09:49 AM
More Money to Assist NJ's Unemployed Avoid Foreclosure

Just weeks after the New Jersey Housing an Mortgage Finance Agency (HMFA) announced a $112 million foreclosure prevention program for the state's under employed and the unemployed, the federal government has more than doubled the amount of assistance available.

The New Jersey Homekeeper Program (NJHK) will get underway in January.  After the HMFA adopts the rules and regs to administer the NJ foreclosure prevention program, $300 million will now be available to New Jersey's unemployed homeowners facing foreclosure.  While applications for participation in the New Jersey foreclosure prevention program won't be … (2 comments)

foreclosure: Avoiding Foreclosure in New Jersey - 02/08/09 09:23 AM
 Are you a New Jersey homeowner facing foreclosure? There are now several programs available to homeowners throughout the state and right here in Ocean County, New Jersey who are threatened with foreclosure. There's a Foreclosure Mediation Program which provides an opportunity for qualified New Jersey homeowners who are facing foreclosure to receive help from housing counselors, attorneys, and a neutral mediator to resolve the problems many homeowners in the Garden State are facing.This program attempts to assist homeowners avoid foreclosure by proposing work-out and payment arrangements between the homeowner and their lender.  It's free with court trained mediators.The Office of the Courts Foreclosure Mediation … (8 comments)

foreclosure: Foreclosure Aid for New Jersey Homeowners - 01/10/09 06:08 AM
In an attempt to reduce foreclosures and further assist New Jersey homeowners at risk of losing their homes, New Jersey Governor Jon Corzine has signed the Mortgage Stabilization and Relief Act into law. The legislation is another component of the Economic Assistance and Recovery Plan.  
It establishes the Mortgage Stabilization Program and the Housing Assistance and Recovery Program. In addition the new laws also impose more requirements on lenders foreclosing on mortgages. The New Jersey Housing and Mortgage Finance Agency (HMFA) will be responsible for the administration of the two new programs.Through the Mortgage Stabilization Program, HMFA will promote modifying or refinancing of first mortgage loans … (4 comments)

foreclosure: Robbing Peter to Paul Paul? - 11/25/08 07:42 AM
Economic Stimulus in New Jersey?
The New Jersey Senate has given final approval to a package of bills, touted as an economic stimulus package for New Jersey and its struggling businesses. The proposals were called for in Governor Corzine's recent economic address to the Legislature. The Governor is expected to sign those bills quickly.

Two bills, amended in Senate Committee and approved yesterday, now head to the Assembly for approval.
The $25 million Mortgage Stabilization Program and the $15 million NJ Housing Assistance and Recovery Program will now be considered by the state Assembly.

The Mortgage Stabilization program will … (11 comments)

foreclosure: Hi, I'm From the Government...here to Help! - 10/14/08 09:40 AM
Hi, we’re from the government and we’re here to help! A scary statement for New Jersey taxpayers.
While many problems require government assistance I’m not here to debate when and where state or federal action is needed.
Here in New Jersey, a panel of legislators has approved a measure to make mortgage lenders pay $2,000 before taking a homeowner with a sub prime mortgage into foreclosure. 
Is it too little to late, or too much all together? 
The proposal was part of a bill designed to slow a surge in foreclosures hitting the state because borrowers cannot afford … (4 comments)

foreclosure: HELP FOR NJ SUBPRIME BORROWERS? - 03/12/08 07:03 AM

Several New Jersey Legislators have proposed a plan to assist homeowners with subprime loans, those loans typically written for those will bad credit and low incomes.  State Senator Ronald Rice wants a 6 month moratorium on subprime loan defaults, a new loan fund to help people stay in their homes and to allow some homeowners who loose their homes to stay for awhile.
The legislation calls for:
A 6 month moratorium to giver borrowers time to find a solution. Creation of a fund generated by a $2000 fee charged to lenders for each subprime foreclosure and $1 million from the … (3 comments)

 
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Laura Giannotta 'Your Realtor Down the Shore!'

Little Egg Harbor, NJ

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Keller Williams Realty Atlantic Shore, NJ

Address: Keller Williams Atlantic Shore, Laura G's Home Office, Manahawkin, NJ, 08050

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