Overspending during the holidays is tempting. Many people are in the spirit of giving and want to find the perfect gift for everyone on their list. While there is nothing wrong with generosity, it is important to find gifts that fit within your budget. A recent...
Year: 2011
November numbers indicate a foreclosure surge is on the way
In recent months, the rate of foreclosure across the country slowed significantly after major lenders were accused of "robo-signing" foreclosure documents. After the process was adjusted, the backlog of foreclosure cases surpassed four million, increasing the process...
Back tax debt: Pittsgrove Township forecloses on gas station
New Jersey residents around Upper Pittsgrove Township may soon see the old Gulf gas station at Pole Tavern Circle up on the auction block. Over the years, the property has racked up more than $100,000 in back tax debt, and the local Township Committee is seeking to...
Bankruptcy on the horizon for duped New Jersey senior citizen?
A 78-year-old attorney from Cliffside Park, New Jersey, is suing a salesman and TD Bank, claiming fraud. He claims that a bad investment has left him in danger of losing his home to foreclosure. Convinced by the salesman that the investment was foolproof, he took out...
Foreclosure crisis hitting wealthy neighborhoods too
Families in New Jersey and throughout the country are struggling to keep up to date on mortgage payments. About 7.7 percent of all mortgages in the United States are either behind in payments or in foreclosure. The foreclosure crisis has even affected people living in...
Casino company able to stop foreclosure on one property
New Jersey residents who are employed by the casino formerly known as the Atlantic City Hilton can feel a little relief with the news that it will remain open. The parent company was able to reorganize debts and stop foreclosure on the casino now known as ACH. But it...
Group rallies to stop foreclosures despite October snowstorm
An October snowstorm did not stop protesters from rallying against home foreclosures on Oct. 29. The Coalition to Save Our Homes marched in Irvington, New Jersey, to demand that action be taken against lenders. Holding up signs saying "Stop Foreclosures," they allege...
Is bankruptcy in the cards for previous owner of The Pier Shops?
Due to the sluggish economy, many companies are struggling to meet their financial obligations as consumers scale back on purchases. That has forced many companies to file for bankruptcy, and it may also explain the troubles facing an upscale shopping venue in...
New Jersey study shows need for debt relief
Downward trends in the economy will have devastating effect on families, homeowners, business owners and the community. When New Jersey citizens are unemployed, they also tend to accumulate personal debt. When they have too much personal debt, they cannot afford their...
Community center hoping to stop foreclosure
Community centers often play an important role in many neighborhoods of New Jersey, but even these facilities are not immune from crushing debt issues plaguing millions of Americans right now. When debt becomes overwhelming, many of these centers either close their...
