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Money

NJ Church a Key Player in Foreclosure Business

NJ Church a Key Player in Foreclosure Business
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Under New Jersey laws, a town can auction off liens on a property that has a delinquent tax bill. The lien, plus interest, penalties, and taxes make the lien more attractive to a potential buyer.

A Burlington County church had been making a practice of buying up liens, and is looking for redemption.

According to WTXF FOX 29, Our Fountain of Life Center Church has been buying the unpaid liens and has tried to foreclose in some cases. An operation of the church even pleaded guilty of rigging bids at the auctions to get an 18 percent interest rate.

An NJ.com article on Raw Story reports that the Fountain of Life church has foreclosed on the Springfield property of Donna Maxwell, a mother of eight. Maxwell, who was abandoned by her husband years ago, reportedly owes over $50,000 in back taxes on her property.

 

Governor Christie On Taxes: We Need To Wake Up

Governor Christie On Taxes: We Need To Wake Up

Gov. Christie didn't mince words when he spoke of the tax problems in New Jersey.

Gov. Christie : A lot of these tax burdens on these businesses, we created them to say listen, we don’t have the money t...

Advance Newspapers Laying Off More Journalists in New Jersey

Advance Newspapers Laying Off More Journalists in New Jersey
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Some struggling New Jersey newspapers are teaming together in an effort to remain relevant today.

The relatively new company NJ Advance Media will soon be expanding into...

NJ Pension System: $600 Million in Management Fees is Questioned

NJ Pension System: $600 Million in Management Fees is Questioned
BY JENNIFER SCIORTINO
SPECIAL TO NEWJERSEYNEWSROOM.COM

TRENTON – Assembly Budget Committee Chair Gary S. Schaer on Tuesday (March 10) questioned the $600 million in management fees the State Investment ...

4 Reasons New Jersey Has High Auto Insurance Rates

4 Reasons New Jersey Has High Auto Insurance Rates
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Good news: New Jersey is among the leading states in another service across the United States.

The bad news is: New Jersey latest ranking involves the highest auto insur...

N.J. Legislation Aims to Increase Financial Stability for Senior Citizens

N.J. Legislation Aims to Increase Financial Stability for Senior Citizens
BY TOM HESTER
SPECIAL TO NEWJERSEYNEWSROOM.COM

TRENTON – Legislation Assemblyman Joseph Lagana sponsored to help ensure that senior citizens can afford to continue living in New Jersey was approved 39-0...

Lesniak Makes ExxonMobil Damage Report Available, Launches Petition Drive To Stop Depleted Settlement

Lesniak Makes ExxonMobil Damage Report Available, Launches Petition Drive To Stop Depleted Settlement
BY JOE ORLANDO
SPECIAL TO NEWJERSEYNEWSROOM.COM

ELIZABETH – Senator Raymond Lesniak made the ExxonMobil environmental damage report prepared available and announced a petition drive to force the governo...

Examining New Jersey’s Highest in Nation Highway Costs

Examining New Jersey’s Highest in Nation Highway Costs
BY BRAD SCHNURE
SPECIAL TO NEWJERSEYNEWSROOM.COM

In response to concerns that New Jersey highways are the nation’s most expensive to build, operate and maintain, Senator Mike Doherty (R-23) has drafted l...

Examining New Jersey’s Highest in Nation Highway Costs

Examining New Jersey’s Highest in Nation Highway Costs
BY BRAD SCHNURE
SPECIAL TO NEWJERSEYNEWSROOM.COM

In response to concerns that New Jersey highways are the nation’s most expensive to build, operate and maintain, Senator Mike Doherty (R-23) has drafted l...

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