One of every two New Jersey homes that has gone through foreclosure and is now owned by a bank still has its previous owners living there. At least one real estate tracking firm finds it a little scary, calling them “vampire” homes. RealtyTrac reported nearly 4,300 homes in New Jersey are now owned by a bank, and half of them are occupied by the former owner. Nationwide, 47 percent of foreclosed homes still have homeowners inside. Cape May and Hudson counties have the most “vampires” living there, at 82 percent and 79 percent respectively, according to RealtyTrac. By comparison, Camden
Comments: Another sure sign of the Obama Miracle.
Amusing also that deadbeat "owners" are vampires, but banks that wrote the fantasy mortgages and subsequently were absolved of their gambling losses through huge infusions of taxpayer cash are not branded likewise.
If a bank can´t process and complete a foreclosure and eviction for two years or longer, why not live mortgage payment free? This gives the previous owner time to save for rent in the future. Part of me has no sympathy for a bank that can´t take care of business.
The squatting former owners are "vampires", the lenders are "vultures"...and the taxpayers´ money has "vanished". Thank you Community Reinvestment Act, Barney Frank, Chris Dodd, Jimmah Carter, and Bill Clinton. And now, under Obama, we´ll do it all over again!
It´s better for the house - and therefore the bank and the neighborhood - if someone does live there. I bought a short sale that was vacant for four years, and I can assure you that sitting empty with the utilities turned off does nothing for a place.
If they have been foreclosed then they are not "homeowners" as the article refers to them. They are deadbeats.
Most of the banks are having trouble with evicting the deadbeats because of state laws. The lawyers stopped lots of evictions because the people at the bank "did not fully read a document before signing it." A document they had fully read many times before. A document that they were already fully aware of what´s in it. But the lawsuit was brought and the banks lost and the deadbeats got the reward and the banks had to pay the lawyer´s inflated expenses. And the deadbeats continued squatting. Devaluing the neighborhood which caused their neighbors mortgages to be classified as underwater.
U.S. consumer sentiment unexpectedly dipped in November to a near two-year low as lower-income households worried about their job prospects and financial outlooks and negative views of the government lingered, a survey released on Friday showed. The Thomson Reuters/University of Michigan´s preliminary reading on the overall index of consumer sentiment fell to 72.0 in November, its lowest since December 2011. That was lower than both October´s final reading of 73.2 and the 74.5 economists had expected this month. Lower-income households in particular worried about their future financial state. That was a contrast to richer households—those with
Philadelphia police and prosecutors are investigating an anonymous Instagram account with thousands of followers that for months has been identifying witnesses in violent crimes across the city - aiming, in its creator´s words, to "expose rats." The account, called rats215, has outed more than 30 witnesses since February, posting photos, police statements, and testimony on the photo-sharing website. Because many of the statements posted aren´t public records, authorities are investigating the page as a potential act of mass witness intimidation - in a city where police and prosecutors struggle daily to find witnesses willing to testify. Rats215 had nearly 7,900 followers.
A Government wind turbine installed at a cost of £48,000 is generating just £5 worth of electricity a month because it was put up in the wrong spot, it was revealed today. If it continues producing power at the same rate, it will take 452 years to pay for itself. Welsh Government officials had the 60ft taxpayer-funded turbine put up in a built up area of Aberystwyth where there is very little wind - two miles away from one of Britain´s breeziest coastlines. Paul Burrell, from wind power company Anemos, said: ´The problem is quite simple - it’s been put in the
Trenton — New Jersey voters may have set another record for low turnout Tuesday — this time for a gubernatorial election. With 99 percent of the voting precincts counted, 2,073,642 voters cast ballots for governor, according to the Associated Press. That´s a shade less than 38 percent of the state´s registered voters. The voter totals will go up because they don´t include provisional ballots yet to be counted, as well as those who may have voted for other offices but not governor. The record low for a governor´s race is 47 percent, set four years ago. The special U.S. Senate election held
Tucked away inside a first-floor office in Jersey City City Hall is a new city department that Mayor Steve Fulop says is the first in the state to explicitly cater to immigrants. Dubbed the Office of Diversity & Inclusion, the division is staffed by two city workers who are tasked with reaching out to the city’s sizable immigrant community and providing them with basic knowledge of city services and the school system, often in their own language. (Snip) Nearly 40 percent of Jersey City residents are foreign born, compared to 21 percent statewide, while more than 52 percent speak a language
Indianapolis, Ind. – The three suspects arrested in an Oct. 29 home invasion on the northeast side are now listed as co-defendants and will each face dozens of charges when they appear in court Tuesday afternoon. Alexander Dupree, 23, Trae Spells, 18, and Michael Pugh, 21, now face the same list of 35 charges. Those charges include criminal deviate conduct, rape, robbery, burglary, aggravated battery, criminal confinement, carjacking and more. The charges stem from the brutal home invasion robbery that that terrorized a family in the 800 block of East 79th Street, in the Meridian Hills neighborhood. The early morning crime
Newark — Newark City Councilwoman Mildred Crump is in hot water with the state comptroller’s office after allegedly steering about $20,000 in taxpayer money to non-profit organizations she founded or was involved in, according to documents obtained by The Star-Ledger. (Snip) The report, a portion of which was obtained this week by the newspaper, says that in 2010, Crump steered $17,000 in city funds to a non-profit group called the Global Women’s Leadership Collaborative for a leadership summit in Ghana, West Africa. On her City Hall biography, Crump says she is a founding member the group. “This $17,000 payment
Irvington — A Pathmark employee´s attempt to flirt with a teenage girl sparked the argument that led to the shooting of an 11-year-old boy and an unidentified man in Irvington on Tuesday night, the injured boy´s father said today. Raheem Maldonado, father of the 11-year-old who was shot in the hand, said the child´s mother began arguing with a Pathmark employee after he allegedly started flirting with her 14-year-old daughter. The woman became incensed, according to Maldonado, who said the employee responded by telling the woman "let´s take this outside." On Tuesday, Irvington Police Director
Gov. Chris Christie swept to victory in Tuesday´s gubernatorial election — and Friday, his silhouette will grace the cover of Time magazine. How graceful is the headline on the story, though? That´s a matter for debate. "The Elephant in the Room." That´s how the magazine frames the package of stories asking whether New Jersey´s governor could be the savior of the Republican Party. The issue hits newsstands Friday, but The Star-Ledger got a sneak peak. The governor´s weight has been cheap fodder for comedians and opponents since he stepped into the limelight four years ago. The governor himself has addressed his
Newark — Two Sheriff´s officers investigating possible drug activity shot and killed a suspected drug dealer after police claim the man approached them with a loaded weapon, Essex County Chief of Detectives, Anthony Ambrose, said today. The two plain-clothes deputies were conducting a narcotics investigation and approached their target in a building on North 9th Street in Newark. Ambrose said the man came out of the building with a loaded weapon. The deputies fired one shot each, killing the man, whose name was not divulged, Ambrose said. A group of residents, who had a different story about what happened during the
Jersey City this afternoon finally opened the new 100 Steps, a nearly $1 million project in the works for two decades that connects the Jersey City Heights with Paterson Plank Road, near a Hoboken light rail station. The project is a restoration of the original “Franklin Avenue Steps” that were built more than 100 years ago and torn down in the 1990s after it fell into disrepair. The new, steel staircase is actually only 95 steps. (Snip) The project cost $946,228, according to city spokeswoman Jennifer Morrill. That’s about $1,000 per step. Bill Gaughan, who represented Ward D on the City
The U.S. Marshals Service spent close to $800,000 on “swag” from 2005 through 2010, according to a government report released Tuesday. Defined as promotional materials, including scarves, challenge coins and Christmas ornaments, “swag” must be considered “necessary” to count as a legitimate expense, according to the investigation conducted by the Justice Department’s inspector general. But senior managers with the service’s Investigative Operations Division spent excessively and in violation of guidelines set by the Government Accountability Office, the report concludes. (Snip) The spending included $155,081 on challenge coins, $11,338 on neckties and silk scarves, $13,605 on Christmas ornaments, $16,084 on blankets and
‘If you like your health-care plan, you will be able to keep your health-care plan. Period.” How serious was this lie, repeated by Barack Obama with such beguiling regularity? Well, how would the Justice Department be dealing with it if it had been uttered by, say, the president of an insurance company rather than the president of the United States? Fraud is a serious federal felony, usually punishable by up to 20 years’ imprisonment — with every repetition of a fraudulent communication chargeable as a separate crime. In computing sentences, federal sentencing guidelines factor in such considerations as the dollar value
WASHINGTON — President Obama was seething. Two weeks after the disastrous launch of HealthCare.gov, Mr. Obama gathered his senior staff members in the Oval Office for what one aide recalled as an “unsparing” dressing-down. The public accepts that technology sometimes fails, the president said, but he had personally trumpeted that HealthCare.gov would be ready on Oct. 1, and it wasn’t. “If I had known,” Mr. Obama said, according to the aide, “we could have delayed the website.” Mr. Obama’s anger, described by a White House that has repeatedly sought to show that the president was
President Obama likes to say he will never again be running for office, but every Democrat knows he will be on the ballot figuratively in 2014, and 2016, as well. Right now they are rightly nervous about that prospect. A month ago, political Washington was transfixed by the errors committed by congressional Republicans. Those missteps led to a partial shutdown of the government, which in turn has brought approval of the GOP to record lows in many public opinion surveys. Nothing about that has changed. But today, it’s Obama in the spotlight. A president famous for his unflappability, he is
McAllen, Tex. — They were already running late for a doctor’s appointment, but first the Salas family hurried into their kitchen for another breakfast paid for by the federal government. The 4-year-old grabbed a bag of cheddar-flavored potato chips and a granola bar. The 9-year-old filled a bowl with sugary cereal and then gulped down chocolate milk. Their mother, Blanca, arrived at the refrigerator and reached into the drawer where she stored the insulin needed to treat her diabetes. She filled a needle with fluid and injected it into her stomach with a practiced jab. “Let’s go,” she told the children,
Hillary Clinton remains the most formidable presidential nomination frontrunner for a non-incumbent in the modern era. (snip)The only candidate in my mind who could catch fire, Massachusetts´ Senator Liz Warren, has already declared her support for Clinton. In fact, every single female Democratic senator is behind Clinton. What a difference that is from 2008. Much of the establishment was actually encouraging Obama to run in 2008. Nancy Pelosi and Harry Reid weren´t backing Clinton. Claire McCaskill´s endorsement of Obama in 2008 was particularly memorable. All three of them are now openly pleading for and endorsing Clinton for 2016.
Marathon talks on a deal to temporarily curb Iran´s nuclear program have broken down after a negotiations between foreign ministers ran into trouble late last night.[Snip] U.S. Secretary of State John Kerry and foreign ministers of six other delegations conferred with Iranian Foreign Minister Mohammad Javad Zarif in a late-night session which broke up after midnight. The French foreign minister, Laurent Fabius, told France Inter radio yesterday that Paris would not accept a ´sucker´s deal´. They complained the text which was drafted as part of the agreement had been presented a ´fait accompli´ and did not want to be forced
NBC´s Chuck Todd scored a huge interview with President Obama Thursday and opened things by immediately drilling down on the president´s relentlessly repeated lie that under ObamaCare you can keep your current insurance plan if you like it. The full interview is even more impressive than the clips that have been going around. Even after he elicits a "sorry" out of Obama, Todd keeps after the point for almost ten minutes. Ultimately, though, Todd came away with the impression that Obama doesn´t believe he lied. And Todd is probably right, which is a little unnerving. During his own interview on the Hugh
President Barack Obama addressed the healthcare.gov website´s chronic dysfunctions Friday by quipping that he would fix it himself, ´but I don´t write code.´ The self-deprecating line came during a speech in New Orleans about shoring up U.S. exports through American port cities. But the moment also jokingly cast the president--perhaps unintentionally--as a hands-on administrator rather than the aloof executive that White House insiders have described in news articles, broadcast interviews and books. [Snip] Obama waited for audience laughter, but it didn´t come. His brief turn to address his calamitous health insurance overhaul included an admission that the Affordable Care Act
Jim Capretta saw the Obamacare debacle coming when it was months away. On July 5, the Obama administration released a 600 page regulation announcing a one-year delay in part of Obamacare’s implementation. States would not have to check the income of people applying for subsidies, according to the administration’s guidance. The administration simply would not be ready in time. “This announcement is another indicator—as if we needed one—of the complete fiasco that is Obamacare implementation,” Capretta wrote the following Monday for the Weekly Standard. It wasn’t the first delay, as a few days earlier the administration had let all big businesses off the
Don’t count Republican National Committee Chairman Reince Priebus among those who believe comprehensive immigration reform is dead this Congress. Despite exasperation among reform advocates that the House has refused to vote on any major immigration bill — particularly the Senate-passed legislation — Priebus said that his “gut” feeling is that the House will indeed pass an immigration overhaul in the next 14 months. “Something significant is going to happen because obviously mass deportation is not an option. I don’t think doing nothing is an option. And I believe most people would agree that something significant needs to take place. Now what that
Ken Cuccinelli’s narrow loss in the Virginia gubernatorial race has become the latest battleground in the war between the so-called Republican establishment and Tea Party-type insurgents. The “establishment” blames the Tea Party induced government shutdown for alienating Virginians, a great many of whom work for the federal government. The insurgents blame the Republican Party for not providing enough money to Cuccinelli’s campaign. Some suggest that the “establishment” wanted Cuccinelli to lose out of spite and/or so it could blame the shutdown for his defeat. What does the Cuccinelli campaign have to say about this? Its chief strategist, Chris LaCivita, blames
In their new book ”Who’s Bigger: Where Historical Figures Really Rank,” computer scientist Steven Skiena and former Google engineer Charles B. Ward rank the 100 most significant people in world history using an algorithm they created. What goes into the algorithm? It’s complicated. If you really want to know the math behind it, read the book. Or you can learn a little about it here. But click below to see who makes the top 100 — then let us know who the list should and should not have been included in the comment section.