Brokers and Brokerage

Business Brokerage Bulldozers moving dirt for a new house behind him, builder Andy Martin leaned against his pickup and considered the question. What effect will a ban on new residential construction have on his business? "Disaster," said Martin, a partner in Tradition Homes, owner of Centennial Walk, a 50-lot development in this booming Atlantic County township.

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Forex Broker "Fifty lots, and they're all sold. I've got millions of dollars in sidewalks, streets, sewers and other infrastructure, but I don't have one building permit. What I have is 50 displaced homeowners and a lender saying `How are you going to pay us back?' I told them `I have no idea.'"

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Online Brokerage Citing the statewide drought emergency, Gov. James E. McGreevey signed an order Sunday banning the distribution of water to any new construction in Egg Harbor Township, Galloway Township and Hamilton Township. Without the restrictions, he said, the pace of development in the three booming communities could overwhelm the water supply provided by the Kirkwood-Cohansey aquifer.

Additionally, Glen is the broker owner of The Real Estate Office Co., a 10 year old active real estate brokerage business specializing in the disposition of REO properties across South Florida. Glen is a licensed mortgage broker (Florida), registered real estate appraiser, national consultant for REO disposition, licensed real estate broker (Florida). Glen has over 17 years of experience in banking, real estate investing and real estate management and sales.

Real Estate Broker "While the drought has affected the entire state, it has been particularly severe on the Pinelands area," he said. " We cannot simply continue to desecrate our waterways and overdevelop our land."

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Agency Brokerage Spark The order does not ban new construction, but it has the same effect. Without proof of utility, sewer and water service, a municipality won't issue a construction permit for a new house.

The FBI investigation mentioned in the story centers around something that anyone who has lived in the booming southwest knew was going on first hand, much as anyone in Casablanca knew "Ricks" was the place to go for forged transit papers and gambling. That practice was the use by big corporate builders, and even some not so big builders, of having in house mortgage brokerage companies that would package loans and financial options that kept the prices on the builders homes high, borrower to receive incentives as large as $100, 000 to purchase the house.

Business Broker The three townships, designated as growth areas when the Pinelands Comprehensive Management Plan was adopted in the early 1980s, have since become hotbeds for new residential development, much of it occupied by casino workers.

Brokerage Account In Egg Harbor Township, now home to about 30,700 people, an average of 563 homes have been built in each of the past five years, according to township records.

Stock Broker As of Sept. 15, 522 permits had been issued this year for single-family homes, 285 of which have been built and 237 of which are still being built, said Peter Miller, township administrator.

Brokerage Online Stock Trading Other people have bought lots but have not obtained permits. They are the ones who have the most to lose.

Broker Justin Ticket By John Curran
Associated Press - 9/25/2002

Topic: Pinelands

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