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Foreclosure

Business
Mother's Ale House In Wayne Listed At $2.6 Million Mother's Ale House In Wayne Listed At $2.6 Million
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…

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by Cecilia Levine
Police & Fire
Feds: International Fugitive Admits Role In $30 Million NJ Mortgage Fraud Feds: International Fugitive Admits Role In $30 Million NJ Mortgage Fraud
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…

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by Jerry DeMarco
News
Clementon Park & Splashworld Reopening After Foreclosure Clementon Park & Splashworld Reopening After Foreclosure
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…

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by Jon Craig