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47°
Sunday, apr 28
Tag:
Foreclosure
Business
Mother's Ale House In Wayne Listed At $2.6 Million
Mother's Ale House in Wayne has hit the real estate market. The Route 23 Mountainview Boulevard building spans 11,695 square square feet, according to the listing by New Vistas Corp. The sale comes with a liquor license, parking lot with 76 spaces, and a finished basement to be used as a banquet room. The restaurant closed two months ago. It was apparently purchased by the bank at a sheriff's sale for $100 in May, NorthJersey.com reports. The lien holder had gone forward with foreclosure proceedings. As of August, the former owner apparently owed the bank more than $2.5 mil…
Police & Fire
Feds: International Fugitive Admits Role In $30 Million NJ Mortgage Fraud
A New Jersey mortgage company loan officer who’d been an international fugitive for several years admitted his role in a long-running, large-scale scam that cost lenders more than $30 million, authorities said. Isaac DePaula, 41, and a group of conspirators pulled off the scheme through a company called Premier Mortgage Services (PMS), according to a complaint on file in U.S. District Court in Newark. The thieves targeted low-income areas, recruiting straw buyers to seek mortgages for properties they really couldn’t afford, federal authorities charged. The conspirators secured the loans by…
News
Clementon Park & Splashworld Reopening After Foreclosure
It's been a wild ride for Clementon Park & Splashworld, but a smoother path is up ahead. The 114-year-old South Jersey amusement and splash park is reopening on Friday after being closed for nearly two years. The park announced its hours of operation and discounted season ticket prices on its website here. After foreclosure, the 52-acre park was sold to a new owner in March for $2.37 million. The winning bid by Indiana Beach Holdings included the park's liquor license. Popular rides include the Sea Dragon arc swing; Ring of Fire 360-degree loop ride; a giant Fer…
Politics
Bogota Mayor Evicted, Political News Site Reports
Bogota Mayor Christopher Kelemen was evicted from his home after not paying local property taxes for nearly a year, a New Jersey political news site reported. A judge determined during a two-year foreclosure process that Kelemen owed $488,508 in unpaid mortgage and property taxes, David Wildstein reported on his New Jersey Globe site. Kelemen, a Republican was became mayor in 2015 with 62% of the vote, is being challenged for the mayoralty in next month’s election. According to Wildstein, Kelemen -- a local deli owner who works in real estate -- moved into the home of his late father,…
Real Estate
'
Rhonj
' Cast Member Leaves Franklin Lakes For Nevada: 'Not The Armpit Of The Earth'
Jacqueline Laurita, out. The original "Real Housewives of New Jersey" cast member whose Franklin Lakes mansion is facing foreclosure has left the Garden State for Nevada with husband Chris. "I’m sure going to miss New Jersey and all of the people who have made it so special for me and my family," the reality star wrote on Instagram. "We have SO many incredible memories here that we will cherish forever! I thank you all! I was born here, left and returned, only to leave again! NJ is not the armpit of the earth after all! 😘 It’s beautiful and so are most of the people in it! We’ll be back to…
News
Dogs Abandoned Without Food Or Water Inside Foreclosed Newark Home: AHS
A pair of shih tzus were found caked in their own waste inside a locked crate that had been left in a Newark house, the Associated Humane Societies of Newark said. The dogs, dubbed "Fred" and "Wilma," were found by a man hired to clean out the foreclosed house. The cleaner brought the pair to AHS in Newark, where staff were horrified by their condition. Fred and Wilma were not provided with food or water, AHS said. "We can't imagine how long Fred and Wilma were locked in that crate when a man that was hired to clean out the foreclosed home in Newark, NJ, found them. The dog…
News
Franklin Lakes '
Rhonj
' Couple Sells Things On Facebook Marketplace In Wake Of Foreclosure
"Real Housewives of New Jersey" cast members Christopher and Jacqueline Laurita took to Facebook marketplace to sell some belongings from their Franklin Lakes mansion currently facing foreclosure. According to Christopher Laurita's Facebook page, he has already sold a $1,200 coffee table, $500 home gym, $800 leather sofa and more. He listed a $5,000 chandelier, free 74-inch Mitsubishi flatscreen TV, $1,800 poker table, signed photo of The Sopranos cast and many more items. The Lauritas' lenders for the home initiated foreclosure proceedings in 2015 but dismissed them the following year. …
Real Estate
Look
Inside
: Price Of Englewood's Gloria Crest Drops From $39M To $9.99M
The price of Englewood's Gloria Crest mansion has been slashed by nearly 75 percent, Zillow shows. The N. Woodland Street home that dates back to the 1920s was first listed at $39 million in 2013. Now prospective buyers can have the "Englewood White House" for just $9.99 million. This is the fifth time the price has been dropped on the 24,000-square-foot home, the New York Post reports. The house was on its way to a foreclosure auction over an unpaid $5 million mortgage in 2017, when owner Edward Turen (CEO of Control Equity Group) took out loans on the mansion for more than it was worth, …
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