English
Chinese
Korean
Hebrew
RussianBergen county news with an emphasis on aspects affecting real estate, residency and community issues.
Bergen County messy after floods
Bergen County: delayed mortgage payments indicate long term danger
Bergen County supports small businesses
Bergen County residents asked to conserve energy after floods
Fort lee makes its ferry-park service fee based
Bergen County messy after floods
Bergen County was seen to be the worst affected, as floods from the nor’easter hit all major highways in the area and water entered many homes on April 15, 2007. Many flights were cancelled, roads were blocked and life was thrown out of gear for most residents of Bergen County. The storm was said to be the most powerful since the last 15 years and the devastation could show. Till now two have been reported to have died and many have been evacuated from their homes.
As per the National Weather Service, the after affects of the storm are likely to remain for a few more days. A flood watch to prevent any more disasters from happening has thus been on across the state after this heavy storm.
Routes 4, 3, 17 and 46 experienced maximum impact from the waters that flooded them, preventing traffic to move on the roads. Stranded motorists waited in their cars for the worst to pass and as many side roads were washed out they considered the alternative routes that could be taken. In a few regions emergency workers rescued people using fireboats and from cars floating on the flooded roads. Many had to be evacuated from their homes and the Bergen County office of emergency management was handling the responsibility of providing temporary housing to those affected residents. Fireboats were used for rescue purposes in the areas of New Milford while a bridge is under inspection in the area of Ridgewood.
Bergen County: delayed mortgage payments indicate long term danger
Many homeowners in Bergen County were seen to be delayed with mortgage payments which were due for the month of February. Approximately 11% people with subprime mortgages were delayed by as much as 60 days for making payments. The figures were seen to be up from last year when 6% people had offered late payments.
This is an alarming trend that indicates how much loans near foreclosure have risen in the county. A similar trend was noted across the state and such delays have risen by 5.8% in various parts of New Jersey. As per data put together for the Joint Economic Committee by Realty Trac, these figures are only going to rise in this year and over the next few years. Lenders usually opt for foreclosure measures when a loan is over due by 90 days, figures that we may soon approach through this year.
The main reason why such foreclosures and delinquencies may happen have been accorded to the expiration of short-term teaser rates on adjustable rate mortgages. Many homeowners are unable to pay for the high monthly payments and cannot refinance as they owe more than what their house is worth. Officials are thinking of a plan to prevent such foreclosures from happening as their occurrence could lead to a drop in housing prices in the region.
Bergen County supports small businesses
Residents in the towns of Bergen County, who are planning to venture into small businesses, now have the support of various agencies and organizations. One such organization set up for entrepreneurs in Bergen County is the Bergen County Economic Development Corporation. This corporation renders plenty of support to start up businesses in areas that range from recruitment of employees, to training the employees and follow up assistance. Support on real estate options for businesses is also offered. The organization has an online presence too and more details are available at its website titled bergen4business.com.
Business women can benefit with support rendered at the New Jersey Association for Women Business Owners. This organization conducts a range of workshops and expositions among other events.
Other resources that can provide plenty of support and assistance to small business owners include the US Small Business Administration New Jersey District office, the Economic Development Authority, Commerce and Industry Association of New Jersey, North Jersey regional chamber of commerce and the New Jersey small business development centers.
Bergen County residents asked to conserve energy after floods
Residents in many Bergen County tons, such as Dumont, Englewood, Bogotá, Teaneck and Tenafly were asked by the PSE&G to conserve energy After the nor’easter floods caused havoc in various parts of Bergen County.
The Public Service Electric and Gas agency requested the residents to reduce their usage of heavy-energy appliances like air conditioners etc. Important appliances like washing machines could be used late in the evening when the load on power supply was comparatively lesser. The peak hours of power usage were 4pm to 7pm and spokespersons from the PSE &G requested residents to avoid these times for using appliances as it could overload the existing power network.
This request was made as repairs are being made in the electrical substations that were affected by the floods. About three feet of water entered the substations and many residents had to be without power for hours. However temporary repairs were made to restore power by transferring the load to other parts of the network. For a permanent repair, up to two weeks may be needed, time during which residents from varied towns of Bergen County must control their usage of power.
Fort lee makes its ferry-park service fee based
Fort Lee’s parking authority of the Fort Lee borough council now plans to put a stop to its free ferry – park ride service. This service which has been provided free of charge from April 16, 2007, allows commuters to park their cars and take a free van ride up till the ferry. The drive is up to eight minutes long and customers have easy access to board the bus from various pick up points.
However from the month of May, the council has decided to charge $70 per month (plus taxes) from the customers to avail the service of parking and using the bus service. Residents can also opt to take only the bus ride service at $10. The borough has also decided that those who take the monthly pass for the ferry park ride can use the service for free for the month of April.
The ferry park ride has been an innovative program and borough officials are still testing out the various options that can be economical yet suit the needs of residents best. The cost of the bus rides till now has also been met by the money from meters and parking tickets. However borough officials state that in order for the program to be successful it is necessary that a minimum of 50 residents register for the service. Surveys of residents have showed a positive response too, with many stating that they would take up the option of park and ride. Those interested can purchase these passes at the Fort Lee Parking Authority.
Buy a Home in Bergen County
Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:
- 14 Questions to ask a Realtor
- 5 Powerful Buying Strategies
- 9 Deadly Mistakes Home sellers Make
- Additional Reports
- How To Get Top Dollar In Any Market
- Making the Move Easy on the Kids
- Six Ways To Beat The Stress Of Buying A Home
- Different Reasons to Own Your Own Home
- Things You Should Know about Moving
- When Selling a Home
Get Your Free Inclusive Real Estate Report Now.
Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here