Monthly Archives: June 2010

Grijalva Congratulates City, County and Non-Profit Recipients of New Housing Assistance Grant for Those...

Washington, D.C. - June 29, 2010 - (RealEstateRama) -- Rep. Raúl M. Grijalva today congratulated the Pima County Community Development and Neighborhood Conservation Department for receiving a new $1.3 million federal grant to provide housing assistance for families and individuals living with HIV or AIDS. The grant will be shared with partners at the City of Tucson and the Southern Arizona AIDS Foundation (SAAF) to provide housing assistance to approximately 50 eligible recipients

Georgia Department of Banking and Finance Enters into a Consent Order with eMortgage Group,...

Atlanta, GA - June 29, 2010 - (RealEstateRama) -- On June 22, 2010, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with eMortgage Group, LLC, License Number 22491, located at 125 Townpark Drive, Suite 300, Kennesaw, Georgia 30144and its owner, Erica Hill, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules

JUDGMENT OBTAINED AGAINST MERIDIAN REAL ESTATE FUND MANAGER

Boise, ID - June 29, 2010 - (RealEstateRama) -- The Idaho Department of Finance announced today that Ada County District Judge Greenwood has entered a civil money judgment and a permanent injunction against Sheila Jones, aka Sheila Kilborn, aka Sheila Johnson. The Department of Finance sued her in October 2009, alleging that Jones violated the anti-fraud provisions of the Idaho Uniform Securities Act.

State housing agency salutes year’s top lenders for first time homebuyer programs

AUSTIN, TX - June 28, 2010 - (RealEstateRama) -- Recognizing the importance of its lender network in meeting its goal of increasing homeownership rates among Texans of all income levels, the Texas Department of Housing and Community Affairs (TDHCA) today announced its “Lenders of the Year” and “Loan Officer of the Year” awards for their participation in and support of TDHCA’s homeownership programs.

IHFA’s Idaho Falls office to host landlord workshop

IDAHO FALLS, ID - June 29, 2010 - (RealEstateRama) -- Property owners, managers, landlords, and those involved in real estate in Eastern Idaho are encouraged to attend a free landlord workshop hosted by Idaho Housing and Finance Association (IHFA). The workshop, which will focus on the Housing Choice Voucher rental assistance program and feature information from the Idaho Falls Police Department, will begin at 2 p.m. Thursday, July 15 at IHFA’s Idaho Falls office, 506 S. Woodruff.

Innovative Green Affordable Apartments to Provide Support Services, Access to Jobs

Albuquerque, N.M. - June 25, 2010 - (RealEstateRama) -- New Mexico’s first micro-efficiency apartment complex officially opened at 11:30 a.m. CST in downtown Albuquerque today.

HUD AWARDS $30 MILLION TO 29 LOCAL HIV-AIDS HOUSING PROGRAMS

WASHINGTON, DC - June 29, 2010 - (RealEstateRama) -- More than a thousand extremely low-income persons living with HIV/AIDS will continue to receive permanent housing as a result of $30.2 million in grants announced today by the U.S. Department of Housing and Urban Development (HUD). During each of the next three years, this HUD funding will help provide permanent supportive housing for 1,232 households so they can manage their illnesses while receiving critically needed support services.

Nearly 4,000 Home Buyers in Massachusetts Could Miss Out if Tax Credit Closing Deadline...

WALTHAM, MA - June 29, 2010 - (RealEstateRama) -- Up to 3,930* Massachusetts home buyers will lose their tax credit through no fault of their own if Congress fails to pass an extension to the home buyer tax credit closing deadline of June 30. The National Association of REALTORS® (NAR) also estimates that up to 180,000 home buyers across the country would lose out on the tax credit

Production Profits Rebounded in 2009, According to MBA Study of Independent Mortgage Bankers and...

WASHINGTON, DC - June 29, 2010 - (RealEstateRama) -- Independent mortgage bankers and subsidiaries made an average profit of $1,135 on each loan they originated in 2009, compared to $305 per loan in 2008, according to the Mortgage Bankers Association (MBA)’s Annual 2009 Mortgage Bankers Production Survey released today

Fattah Secures Mortgage Relief For Unemployed In Financial Reform Legislation

Washington, DC - June 25, 2010 - (RealEstateRama) -- Congressman Chaka Fattah (D-PA) is thanking his colleagues for their diligence in working to ensure the nation’s unemployed are able to remain in their homes.

USGBC Looks to the Builders Association Corpus Christi and the Coastal Bend Green Built

Program to Advance Green Residential Housing Market and Third-Party Certification. Washington, D.C. - June 29, 2010 - (RealEstateRama) -- The Builders Association Corpus Christi is the most recent regional home builders associations (HBA) in the country to be selected as a LEED for Homes Affiliate, according to the U.S. Green Building Council in its introduction of the new LEED for Homes green homebuilding Affiliate Program

Lack of Credit Extension Would Dash Hopes of Home Buyers in All 50 States

Washington, DC - June 29, 2010 - (RealEstateRama) -- Up to 180,000 home buyers will lose their tax credit through no fault of their own if Congress fails to pass an extension to the home buyer tax credit by June 30 when the closing deadline expires. Included in that number are thousands of home buyers in every state of the union, from 390 in Wyoming to 17,700 in California, according to estimates by the National Association of Realtors

NYCEDC Seeks Developer For The Hub at 149th Street in The Bronx

New York, NY - June 24, 2010 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for the purchase and development of two adjacent parcels of land within the Bronxchester Urban Renewal Area of the Mott Haven neighborhood in the Bronx.

New York State home sales rise for third straight month

Albany, NY - June 25, 2010 - (RealEstateRama) -- Statewide sales of existing single-family homes in New York State increased nearly 5 percent in May from April and nearly 13 percent compared to May 2009, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS.

184 KENT IN WILLLIAMSBURG IS 50 PERCENT LEASED

Brooklyn, NY - June 28, 2010 - (RealEstateRama) -- It was announced today that more than 50 percent of the 340 residences at 184 Kent have been leased. The new luxury rental building, which is located on Williamsburg’s waterfront between North Third and North Fourth streets along the East River, began leasing in February. Since then, there’s been strong demand for the property’s spacious lofts, which come in studio, one-, two- and three-bedroom configurations.

Brown Investigates Whether Tenants’ Rights Are Violated in Foreclosures

SACRAMENTO, CA - June 28, 2010 - (RealEstateRama) -- Attorney General Edmund G. Brown Jr. today launched an investigation aimed at protecting the rights of the "forgotten victims" of the housing market collapse -- the tens of thousands of tenants facing eviction from buildings that have been foreclosed by banks.

Florida Realtors Launches Military Phone Card Program

ORLANDO, FL - June 28, 2010 - (RealEstateRama) -- “To us, home is where we prop our feet up after a rough day” says 2010 Florida Realtors® President Wendell Davis, a broker with Watson Realty Corp. in Jacksonville. “If ‘home’ to our service sons and daughters is a short phone call, then we, as Florida Realtors, should help them find ‘home,’ just as we help Florida buyers find a home.”

Customizable IDX solution updates the real estate website of Minnesotan Michael LaBelle

EUGENE, OR - June 28, 2010 - (RealEstateRama) -- Northstar MLS listings just got a whole lot easier to search through with the new IDX, Inc. addition of real estate professional Michael LaBelle. LaBelle has teamed with IDX, Inc. to revolutionize the Woodbury, Minnesota real estate search, with his newly customized LaBelle Real Estate Group website. Now, potential buyers in the Twin Cities suburbs can browse thousands of listings to find their perfect property, from the convenience of his search page on his website

Trails West Real Estate and IDX, Inc. bring dynamic IDX solution to Bigfork, Montana...

EUGENE, OR - June 28, 2010 - (RealEstateRama) -- IDX, Inc. is pleased to announce the addition of Lamont Kinkade to the growing group of real estate professionals choosing to update their realty websites with IDX Broker software. The partnership of ...

“Governor Signs Bill that expands the HTCC Program Set-Aside for Supportive Housing Initiatives”

June 28, 2010 - (RealEstateRama) -- To all 2010 Housing Tax Credit Contribution (“HTCC”) program applicants: The Governor signed Senate Bill 501 "An Act Concerning the Real Estate Conveyance Tax, the Conveyance of Certain Parcels of State Land, Adjustments to Certain Programs Implemented through the Department of Social Services, a Report on Tax Credits, Juvenile Justice, Absentee Voting by Members of Military, Revisions to Various Task Forces, Commissions and Councils, and Amendments and Minor and Technical Changes to Certain Special and Public Acts of the 2010 Regular Session.”

US Labor Department announces $4 million to serve more than 1,400 formerly incarcerated veterans...

WASHINGTON, DC - June 28, 2010 - (RealEstateRama) -- The U.S. Department of Labor's Veterans' Employment and Training Service has awarded $4 million in Incarcerated Veterans Transition Program grants designed to aid veterans "at risk" of homelessness. The 16 grants will serve more than 1,400 formerly incarcerated veterans in 13 states.

After Lengthy Investigation, District of Columbia Area Mortgage Fraudsters Indicted

Washington, DC - June 28, 2010 - (RealEstateRama) -- Commissioner Gennet Purcell, Esq., of the DC Department of Insurance, Securities and Banking (DISB) today announced the indictment of Renaldo D. Gillis and Afolasade Orekoya for their leadership in an extensive mortgage fraud “flipping” scheme in the District of Columbia after a joint investigation with federal law enforcement

MBA Responds to Conference Committee Agreement on Risk Retention, Mortgage Underwriting and Appraisals

WASHINGTON, D.C. - June 28, 2010 - (RealEstateRama) -- Mortgage Bankers Association (MBA) believes the financial regulatory reform legislation, voted out of conference today, while still needing improvement during the regulatory process, could have been much worse were it not for the efforts of MBA and its members.

Results of Soil Sampling near Soccer Complex in Cameron, Mo., Inconclusive; EPA Seeks Permission...

Kansas City, KS - June 28, 2010 - (RealEstateRama) -- Because lab results from a preliminary round of soil sampling at the Cameron, Mo., Soccer Complex and adjacent properties are inconclusive, EPA Region 7 will conduct a second round of soil sampling from the site, and will seek permission to conduct new, first-time sampling on three other private properties nearby.

Dodd-Frank Wall Street Reform and Consumer Protection Act

Washington, DC - June 28, 2010 - (RealEstateRama) -- Americans have faced the worst financial crisis since the Great Depression. Millions have lost their jobs, businesses have failed, housing prices have dropped, and savings were wiped out.

LOW INTEREST RATES MAKE HOMEOWNERSHIP POSSIBLE

WASHINGTON, DC - June 28, 2010 - (RealEstateRama) -- With mortgage interest rates at their lowest levels since World War II, a plentiful housing stock and prices still low, buying a home may now be easier for many Americans than it has been in years.“Buying a home is the single largest investment that most people will make in their lifetime,” said ABA Executive Vice President Robert Davis. “So it’s important to take an honest look at your budget first to see what you can afford.”

Prudential Georgia Realty’s Towne Lake Office Continues to Add Experienced Agents like Susan...

Woodstock, GA - June 25, 2010 - (RealEstateRama) -- June 21, 2010—Prudential Georgia Realty’s Towne Lake office has added numerousexperience agents to its sales team in recent weeks. The latest is RealtorSusan West, who joins Prudential from Solid Source Realty. The Prudential Towne Lake office is located at 2340 TowneLake Parkway in Woodstock

Historic Pennsylvania city property listings now available online with IDX Broker software.

EUGENE, OR - June 25, 2010 - (RealEstateRama) -- Ed Kelly, of Long & Foster Real Estate, has teamed with IDX, Inc. to bring Gettysburg, Pennsylvania homes to potential area buyers, with the addition of IDX Broker software to his real estate website. As a member of the York and Adams County MLS (RAYAC), Kelly has long had access to thousands of local listings. Now, his clients can also view and search through the RAYAC listings from the convenience of his website on their personal computers, iPhones and even the new Apple iPad. The addition of IDX Broker software to the website of Kelly has forever changed the way Gettysburg home seekers search for properties online.

IDX Broker revolutionizes the professional website of Eugene Realtor Bill Judd.

EUGENE, OR - June 25, 2010 - (RealEstateRama) -- IDX, Inc. and their premier real estate software, have simplified Eugene, Oregon real estate website of agent Bill Judd. Challe Real Estate Inc. and Judd have teamed with IDX, Inc. and Regional Multiple Listing Service (RMLS) to bring thousands of listings to the fingertips and personal computers of home seekers in Eugene. Thanks to the revolutionary IDX Broker software searching for a home online has never been easier

Gov. Beshear Announces $3.5 Million in Waste Grants

FRANKFORT, KY - June 25, 2010 - (RealEstateRama) -- Gov. Steve Beshear today announced 38 recycling and 10 household hazardous waste grants totaling over $3.5 million to expand recycling in Kentucky, reduce the amount of solid waste going into landfills, and sustain the environmental management of hazardous waste from homes, including electronic scrap and mercury.

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Mayor London Breed Celebrates Groundbreaking of New Affordable Housing in the...

Mayor London N. Breed today joined community leaders to celebrate the groundbreaking of future affordable housing at 1950 Mission Street. Once completed, the project will offer 155 affordable apartments for families