Archive for January, 2010
EastGroup Properties Acquires Three Building Complex in San Diego for $17 Million
January 29, 2010 Posted by Mississippi RealEstateRama
Jackson, MS – January 29, 2010 – (RealEstateRama) — EastGroup Properties (NYSE-EGP) today announced the acquisition of the Ocean View Corporate Center in San Diego, California for a purchase price of $17,000,000. Located in the Otay Mesa submarket, Ocean View contains 274,000 square feet in three, multi-tenant business distribution industrial buildings. Constructed in 2005, the complex is presently 87% leased to 14 customers. Ocean View is projected to generate an annualized yield of 9.6% at its current occupancy and rents.
Read the full article: EastGroup Properties Acquires Three Building Complex in San Diego for $17 Million ...
NYS Affordable Housing Corporation and SONYMA Approve $38.9 Million in Funding to Preserve 296 Housing Units
January 29, 2010 Posted by New York RealEstateRama
NEW YORK, NY – January 28, 2010 – (RealEstateRama) — The boards of the New York State Affordable Housing Corporation (AHC) and the State of New York Mortgage Agency (SONYMA) today approved $38.9 million in grants and mortgage insurance commitments to preserve 296 units of housing in New York State.
Read the full article: NYS Affordable Housing Corporation and SONYMA Approve $38.9 Million in Funding to Preserve 296 Housing Units ...
FHA and Ginnie Mae take action against TopDot Mortgage
January 29, 2010 Posted by HUD
WASHINGTON, DC – January 25, 2010 – (RealEstateRama) — The Federal Housing Administration’s Mortgagee Review Board (MRB) today immediately and permanently withdrew the FHA approval of Premium Capital Funding, LLC, a Jericho, New York-based lender doing business as TopDot Mortgage.
Read the full article: FHA and Ginnie Mae take action against TopDot Mortgage ...
Former Mortgage Broker Sentenced for Felony Theft
January 29, 2010 Posted by Maryland RealEstateRama
BALTIMORE, MD – January 29, 2010 – (RealEstateRama) — Attorney General Douglas F. Gansler announced today that David Young Park, 43, the former president of Capital City Financial Group in Ellicott City, entered a plea of guilty to one count of felony theft in Baltimore County Circuit Court. Judge John J. Nagel, III sentenced Park to five years in jail with all but 18 months suspended. Park was also ordered to complete five years of supervised probation and make restitution to the victim in the amount of $116,556.
Read the full article: Former Mortgage Broker Sentenced for Felony Theft ...
Homeless to be Counted throughout State
January 29, 2010 Posted by Kentucky RealEstateRama
A statewide count of homeless Kentuckians of all ages living in shelters, on the streets, and other places not meant for human habitation is being coordinated by Kentucky Housing Corporation. The count will also include precariously housed Kentuckians, defined as people living in substandard housing conditions, doubled- or tripled-up with family and friends, or expecting eviction within seven days.
Read the full article: Homeless to be Counted throughout State ...
Kentucky Afield Outdoors: Make Your Property Less Attractive To Bears, Nuisance Wildlife
January 29, 2010 Posted by Kentucky RealEstateRama
January 29, 2010 – (RealEstateRama) — Southeastern Kentucky’s black bears are in their dens for the winter. Now is the perfect time for area residents to bear-proof their property before bears re-emerge in spring.
Read the full article: Kentucky Afield Outdoors: Make Your Property Less Attractive To Bears, Nuisance Wildlife ...
Titus Statement on 4th Quarter GDP Increase
January 29, 2010 Posted by Nevada RealEstateRama
Washington, D.C. – January 29, 2010 – (RealEstateRama) — Congresswoman Dina Titus of Nevada’s Third District released the following statement today on the news that the economy grew 5.7 percent in the fourth quarter of 2009, the fastest pace since 2003.
Read the full article: Titus Statement on 4th Quarter GDP Increase ...
CFO Sink Encourages Floridians to Claim Earned Income Tax Credit and Undelivered Refunds
January 29, 2010 Posted by Florida RealEstateRama
TALLAHASSEE, FL – January 29, 2010 – (RealEstateRama) — Florida CFO Alex Sink is urging Florida taxpayers to find out if they may be one of the estimated 10,000 Floridians who qualify for the Earned Income Tax Credit (EITC), a federal tax credit for low-income working individuals and families, on Earned Income Tax Credit Awareness Day 2010. Eligible Floridians are due back an estimated $15 billion, on top of what they already may be claiming on their taxes, if they all claimed the EITC.
Read the full article: CFO Sink Encourages Floridians to Claim Earned Income Tax Credit and Undelivered Refunds ...
Application Process for Appliance Rebate Program Now Closed
January 29, 2010 Posted by KHRC
Voucher Requests Exceed Funding Available; Applications No Longer
Accepted. Topeka, KS – January 29, 2010 – (RealEstateRama) — Kansas Housing Resources Corporation (KHRC) has committed approximately $2.7 million in funding for the State Energy Efficient Appliance Replacement Program (SEEARP). As of today, voucher requests received by KHRC exceed funding available. Because of that, new applications for SEEARP can no longer be accepted
Read the full article: Application Process for Appliance Rebate Program Now Closed ...
Investigation by Federal, State and Local Task Force Leads to Mortgage Fraud Charges Against Six People Involving Million-Dollar Plus Houses
January 29, 2010 Posted by Ohio RealEstateRama
CINCINNATI, OH – January 29, 2010 – (RealEstateRama) — A two-year investigation by the Greater Cincinnati Mortgage Fraud Task Force has resulted in a seven-count indictment charging two Cincinnati area home builders, a former Huntington National Bank vice president, and a self-employed tax preparer and interior designer with participating in a mortgage fraud scheme to sell four high-end luxury properties to “straw buyers.”
Read the full article: Investigation by Federal, State and Local Task Force Leads to Mortgage Fraud Charges Against Six People Involving Million-Dollar Plus Houses ...
