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Organizing your community to bring public attention to builder’s bad deeds and seeking assistance from local, state and federal elected officials has proven to be more effective and much quicker for thousands of families. You do have choices and alternatives.  Janet Ahmad

New Jersey - Latest News
Builder in bankruptcy
Thursday, 19 October 2006

BREAKING NEWS: Kara Homes expected to get interim financing
One of the largest home builders in Monmouth and Ocean counties, Kara Homes filed for Chapter 11 bankruptcy protection on Oct. 5. The filing has left many prospective homeowners who had contracts with Kara wondering if their homes will ever be completed or if they'll get their downpayments and deposits back.

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Mortgage Fraud News Continues
Saturday, 30 September 2006

 Countrywide Sues Over Mortgage Fraud
The nation's largest home lender, Countrywide Financial Corp., is suing an Indianapolis man for allegedly orchestrating a mortgage fraud scheme in which dozens of Virginia residents were tricked into buying homes in Indiana at inflated prices...Tony Pickett, an Indianapolis real-estate agent who's representing 39 of the victims, said the case involves about 400 loans that average about $200,000 each.

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Homebuilder accused of running the largest federal mortgage fraud scheme post bail
Saturday, 23 September 2006

Homebuilder on bail until appeal
One of two Rochester homebuilders, who with their father were accused of running the largest federal mortgage fraud scheme ever prosecuted in the region, was released from prison on bail while he appeals his conviction.The Amicos were convicted in 2003 of conspiring to swindle lenders out of $60 million on 169 homes in Monroe, Ontario and Wayne counties from 1994 to 2000.

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New Jursey in the news
Friday, 22 September 2006

Homeowners pay thousands to fix mistakes by code official
One woman had to take a wrecking ball to $30,000 worth of construction on a two-story garage and start building from scratch.

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Head building inspector under criminal investigation
Thursday, 21 September 2006

State yanks licenses of Newark construction official
The state has revoked the professional licenses of the recently suspended head of Newark's building inspections office and has referred the investigation of his predecessor to state criminal investigators, the commissioner for the state Department of Community Affairs said.

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New Jersey: Public Hearing on defective building
Monday, 18 September 2006

Lawmakers to hear construction grievances
Damning results from a state report released last year about negligent and sometimes dangerous workmanship on new homes throughout New Jersey could re-emerge Tuesday night during a public hearing called by a state Senate committee.Lawmakers will hear testimony from victims of shoddy construction, who will offer suggestions on what legislative initiatives would help protect homebuyers from irresponsible builders and unresponsive overseers.

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New Jersey: Senate group to hear out homebuyers
Thursday, 10 August 2006

Madden to introduce four bills on curbing new housing defects
Homebuyers got to speak their minds this morning at a meeting with Sen. Fred Madden and the Senate Committee on Community and Urban Affairs, on four new bills aimed at trying to stop housing defects in newly built homes in South Jersey. At 10 a.m. Thursday morning, Sen. Madden, for the fourth legislative district that covers Glassboro, Monroe Township and Pitman, joined Sen. Ronald Rice and the Senate Committee at Rowan University to talk about something that Madden calls "a pretty significant event." The committee heard testimonies from residents on four bills that are aimed at new homeowners problems.

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New Jersey: New Homebuyers' Bill of Rights
Thursday, 10 August 2006

Public comment sought on homebuyer rights
The Senate Committee on Community and Urban Affairs will hold a public meeting Thursday at Rowan University to hear testimony on a package of bills aimed at curbing the frequency of defects occuring in newly built homes...."Homebuyers purchasing a brand new home should expect that home to be in pristine condition and without structural problems. We need to empower those buying newly built homes with a definite set of rights to ensure that they don't get stuck with a 'money pit.'"

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New Jersey's Division of Consumer Affairs Makeover not working out
Sunday, 06 August 2006

Working out the kinks
Consumers have a new law designed to protect them from unscrupulous contractors... Eight months later, the verdict is mixed. Legislators and consumers say the law is worthwhile; complaints are down this year... State officials are pleased with the law. The Division of Consumer Affairs last year received 3,137 complaints from residents unhappy about contractors they hired to fix, tear down or expand their homes.

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New Jersey Developer Fined
Saturday, 29 July 2006

$763G fine imposed on Chester builder
A Chester developer who received 18 prior warnings was fined $763,500 for various violations, including failing to stop stormwater runoff from infiltrating nearby pristine streams in the development he was building in Budd Lake.

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New Jersey Builder Selling Heroin
Saturday, 15 July 2006

Builder charged with selling heroin at job sites
Customers would buy the drug at Howard's city construction sites in pre-packaged "bricks" for $500 each, Onofri said. A brick is the equivalent of 50 doses of the drug... Law enforcement officers searched Howard's Garfield Ave nue residence and a detached ga rage behind the house at around 5 p.m. Wednesday. Inside the garage, detectives found 24 bricks of heroin with a street value of $12,000 and $20,000 in cash in the rafters of the garage, investigators said.

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Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to
Economic Armageddon


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