Archive for August, 2011

CBRE ARRANGES $10 MILLION REFINANCE FOR BLACKSTONE APARTMENT COMMUNITY

Miami, FL – August 31, 2011 – (RealEstateRama) — CBRE arranged $10 million in proceeds for the purpose of refinancing the debt on The Blackstone Apartments in Miami Beach, Florida. Financing terms of the loan include a 7-year fixed rate term, 2-years interest only, and a 70% loan-to-value ratio.

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Department of Finance Warns of Mortgage Modification Scam Targeting Spanish Speaking Idahoans

Boise, ID – August 31, 2011 – (RealEstateRama) — Gavin Gee, director of the Idaho Department of Finance, today warned that a company calling itself Freedom Companies Marketing, Inc., Freedom Companies, Inc., Freedom Companies Lending, and Freedom Fina…

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Florida Realtors® Recognizes 2011 Realtor® of Year

ORLANDO, FL – August 31, 2011 – (RealEstateRama) — Florida Realtors® recognized Wendell Davis, CRB, GRI and the 2010 president of the state Realtor association, as its 2011 Realtor of the Year. CRB and GRI are special designations awarded to Realtors who complete additional training; they stand for Certified Real Estate Brokerage Manager and Graduate, Realtor Institute.The Realtor of the Year award was presented at the state association’s 95th annual Convention & Trade Expo at Rosen Shingle Creek in Orlando, Fla.

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Coral Springs Realtor® Wins Commercial Realtor Achievement Award

ORLANDO, FL – August 31, 2011 – (RealEstateRama) — Florida Realtors® has honored Claudette Bruck, broker-owner of Multiple Choice Realty Investments Inc. and a 35-year member of the Realtor Association of Greater Fort Lauderdale (RAGFL), with its 2011 Commercial Realtor Achievement Award. The award was presented at the state association’s recent 95th annual Convention & Trade Expo at Rosen Shingle Creek in Orlando, Fla.The Commercial Realtor Achievement Award honors a Realtor’s lifetime of contributions to commercial activities at the local, state, national and community levels

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Williams: Homeowners Should Use Caution when Hiring Contractors in Wake of Hurricane Irene

August 31, 2011 – (RealEstateRama) — Senate President Donald E. Williams, Jr. (D-Brooklyn) is urging homeowners who are grappling with property damage due to Hurricane Irene to use caution when hiring home contractors or arborists.

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C.A.R. urges Gov. Brown to sign bill increasing accountability of licensees managing real estate sales offices

LOS ANGELES, CA – August 31, 2011 – (RealEstateRama) — Under current law, the Department of Real Estate (DRE) cannot hold an office manager responsible for failing to supervise licensees within the office. Current law only allows the DRE to hold the principal broker responsible even in situations where that broker has delegated supervisorial responsibilities to an office manager.

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Homeside Properties Announces AMS Designation

ALPHARETTA, GA – August 31, 2011 – (RealEstateRama) — Homeside Properties, Inc., an Associa company, is proud to announce Community Manager Sarah Magee recently received her Association Management Specialist (AMS) designation through Community Associations Institute (CAI). The AMS designation is the second level in the CAI career development track for community association managers

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Lindsay Scott and IDX, Inc. make finding homes in prestigious Main Line, Philadelphia a joy

EUGENE, OR – August 31, 2011 – (RealEstateRama) — Philadelphia real estate agent Lindsay Scott has teamed up with IDX, Inc. to enable her website with the revolutionary IDX Broker software. As a member of the Trend MLS, Scott has access to thousands o…

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MBA Study Shows Second Quarter 2011 Improvements in Production Profits Among Independents and Subsidiaries, Driven By Heavier Purchase Activity

WASHINGTON, DC – August 31, 2011 – (RealEstateRama) — Independent mortgage banks and subsidiaries made an average profit of $575 on each loan they originated in the second quarter of 2011, up from $346 per loan in the first quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Second Quarter 2011 Mortgage Bankers Performance Report released today.

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HUD CHARGES IOWA LANDLORDS WITH DISCRIMINATING AGAINST CHILD WITH CEREBRAL PALSY AND HER MOTHER

WASHINGTON, DC – August 31, 2011 – (RealEstateRama) — The U.S. Department of Housing and Urban Development (HUD) today announced that it is charging John and Nancy Meany, owners of an apartment building in Traer, Iowa, with violating the Fair Housin…

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