Blog Page 1114

Property Tax Relief Funding Restored League Salutes Governor Corzine

Trenton, NJ - December 22, 2009 - (RealEstateRama) -- The League of Municipalities welcomes the news that Governor Corzine has balanced the budget, without resorting to cuts in crucial municipal property tax relief funding.

Homeless Family Gets A Home for the Holidays

DURHAM, NC - December 22, 2009 - (RealEstateRama) -- A homeless family of seven will wake up in their own apartment this Christmas Eve, thanks to the efforts and generosity of a public-private partnership with the City of Durham.

Report Says Housing Costs Burden Many Low-Income Vermonters

MONTPELIER, Vt. - December 22, 2009 - (RealEstateRama) -- Vermont’s aging housing stock is inadequate, causing low-income households to spend more of their money on housing than they can afford, according to a report released today.

Financial Services Company to Create 1,002 Jobs in Charlotte

RALEIGH, NC - December 22, 2009 - (RealEstateRama) -- Gov. Bev Perdue announced today that Zenta Mortgage Services will expand its Charlotte presence significantly, creating 1,002 jobs over the next five years and investing $2.19 million.

Homebuyer Tax Credit – Morgan Hill Real Estate Update

Morgan Hill, CA - December 23, 2009 - (RealEstateRama) -- After much speculation by the general populace (and the real estate industry) and much consternation by Congress, the much-anticipated extension of the First-Time Homebuyer Tax Credit has been passed.

Mortgage Interest Rates Hit New Low: How Does This Impact Investors?

Phoenix, AZ - December 23, 2009 - (RealEstateRama) -- Long-term mortgage rates fell to a new low in December, according to the Phoenix Business Journal, with a 30-year fixed-rate mortgage averaging 4.71 percent, the lowest rate since at least 1971, when Freddie Mac started keeping track. While this is excellent news, it is important for investors to remember that much like credit cards, an interest rate is heavily dependent on the borrower's credit history. According to Ron Kuhn, Senior Mortgage Planner at AmeriFirst Financial, investors often mistakenly believe that all interest rates are equal from borrower to borrower; however, it is much more involved that just a current rate quote. Most are locking in rates that fall between 4.875% and 5.125% due to factors such as loan size, property type, Loan to Value (LTV) and credit scores

Settlement Gains Refunds for Idaho Mortgage Modification Victims

Boise, ID - December 23, 2009 - (RealEstateRama) -- Twelve Idaho homeowners who paid a Meridian man, Paul Clarence Aughtry, IV, for mortgage loan modifications will receive refunds totaling $12,400 as a result of settlement agreements with Attorney General Lawrence Wasden and the Idaho Department of Finance. As a result of the actions, Aughtry is prohibited from engaging in loan modification activities in Idaho.

Attorney General Sues Three Companies for Loan Modification Scam

TALLAHASSEE, FL - December 23, 2009 - (RealEstateRama) -- Attorney General Bill McCollum today announced he has filed a lawsuit against three businesses operating in Miami-Dade County, their principles and affiliated attorneys on allegations of deceptive and unfair trade practices regarding their involvement in a foreclosure rescue scam affecting homeowners nationwide. The Attorney General’s Economic Crimes Division began investigating Kirkland Young LLC, in July after receiving numerous consumer complaints against the company. During the course of the investigation it was discovered that Attorney Aid LLC and ABK Consultants were affiliated with Kirkland Young LLC.

GOV. RITTER & LAWMAKERS ANNOUNCE NEW PLAN TO PROTECT COLORADO NEIGHBORHOODS FROM ABANDONED HOMES

LAKEWOOD, CO - December 23, 2009 - (RealEstateRama) -- Gov. Bill Ritter and state lawmakers today announced a major step forward in tackling Colorado’s high foreclosure rate, unveiling legislation that will speed up the sale of abandoned homes and protect neighborhoods from vandalism and declining property values.

C.A.R. reports November home sales increased 4.7 percent; median home price increased 5.8 percent

LOS ANGELES, CA - December 23, 2009 - (RealEstateRama) -- Home sales increased 4.7 percent in November in California compared with the same period a year ago, while the median price of an existing home rose 5.8 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today

Sunnyslope Manor Senior Housing Community “Gifted” with a Holiday Meal

December 23, 2009 - (RealEstateRama) -- Residents of the city of Phoenix Sunnyslope Manor Senior Housing Community will be served a special holiday meal by The Terraces of Phoenix, a senior living community, at noon Thursday, Dec. 24, at 205 E. Ruth Ave. The Terraces Foundation Committee staff and members will provide a traditional holiday meal including turkey, mashed potatoes and gravy, cranberry sauce, and cheesecake as well as holiday music offered by Terraces resident Howard Lawrence, who will play an assortment of tunes on his portable keyboard. He has been volunteering as a keyboardist for almost 30 years.

Florida’s Existing Home, Condo Sales Up in November 2009

ORLANDO, FL - December 22, 2009 - (RealEstateRama) -- Florida’s existing home sales rose in November, marking 15 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®.Existing home sales rose 61 percent last month with a total of 14,026 homes sold statewide compared to 8,694 homes sold in November 2008, according to Florida Realtors. Statewide sales of existing condos increased 111 percent last month compared to November 2008’s sales figure.

HUD CHARGES ALABAMA LANDLORD AND MANAGER WITH HOUSING DISCRIMINATION

WASHINGTON, DC - December 22, 2009 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced that it is charging a Marshall County, Alabama, trailer owner and rental manager with discriminating against a white family by disconnecting water service and forcing them to leave because the manager objected to interracial dating. According to the complaint, Phillip Maze, rental agent for his mother Opal Maze, told a HUD investigator, “I do not have any blacks on my property and I am aware that we have a biracial president, but no federal law will make me rent to anyone I do not want to.”

With 3 Days Till Christmas, Zweifel Says Check His List

JEFFERSON CITY, MO - December 22, 2009 - (RealEstateRama) -- With only three days until Christmas, State Treasurer Clint Zweifel is letting Missourians know there are still about 3.5 million gifts worth more than $600 million waiting for those last minute shoppers.

Clear Capital APPOINTS Mike ousley to lead appraisal Team

30-Year Industry Veteran Brings Extensive Real Estate Assessment Expertise to Top Appraisal Post. Truckee, CA - December 22, 2009 - (RealEstateRama) -- Clear Capital, a premium provider of data and solutions for real estate asset valuation, investment and risk assessment, today announced the appointment of Mike Ousley as the company's Executive Vice President, Appraisal Group, reporting to Duane Andrews, Clear Capital CEO, and Kevin Marshall, Clear Capital President.

New York statewide November home sales up 34 percent compared to November 2008

Albany, NY - December 22, 2009 - (RealEstateRama) -- Statewide sales of existing single-family homes in New York State jumped 34 percent in November 2009, compared to November 2008, according to preliminary existing single-family sales data accumulated by the New York State Association of REALTORS.

Massachusetts Home Sales up a Record 63 Percent in November as Buyers Took Advantage...

Homes put under agreement in November up for the sixth straight month. WALTHAM, MA - December 22, 2009 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that single-family home sales were up a record 63.1 percent compared to November 2008, as buyers expected the first-time homebuyer tax credit to expire at the end of the month (instead it was extended to April 2010). Condominium sales also hit record levels going up 76.2 percent compared to the year before. Median prices were up 0.7 percent compared to last year, while condominium median prices were essentially flat going down only 0.4 percent. November pending sales (homes put under agreement) were up 15 percent from the same time last year. Pending sales have now gone up for six straight months

The Supreme Court Promulgates Rule 93 For The Foreclosure Diversion Program

December 22, 2009 - (RealEstateRama) -- On December 21, 2009, the Supreme Court adopted amendments to the Maine Rules of Civil Procedure, by adding Rule 93. Effective January 1, 2010, M.R. Civ. P. 93 will govern the operation of the Foreclosure Diversion Program.

Local New-Home Permits Jump to Highest Mark in One Year

December 22, 2009 - (RealEstateRama) -- Metro Kansas City single-family construction permits rose 8 percent in November to their highest level since November 2008, according to statistics compiled by the Home Builders Association of Greater Kansas City (HBA). The organization tracked a seasonally adjusted total of 214 single-family homes permitted in November, up from a revised total of 199 units started in October

Illinois Home Sales Record Major Gains in November from a Year Ago Sales...

SPRINGFIELD, IL - December 22, 2009 - (RealEstateRama) -- Pent-up buyer demand plus low interest rates and the homebuyer tax credit incentive yielded a second month of double-digit gains for Illinois home sales in November, in stark contrast to home sales one year ago in November 2008. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in November 2009 reached 10,361 homes sold, up 64.0 percent from November 2008 sales of 6,317, marking the third consecutive month of year-over-year sales increases in Illinois. The statewide median price in November 2009 was $155,000 down 4.3 percent from $162,000 in November 2008. The median is a typical market price where half the homes sold for more, half sold for less

Mortgage Protection Program extended through 2010

Program has benefited more than 3,100 first-time home buyers in California. LOS ANGELES, CA - December 22, 2009 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today announced it is extending its Mortgage Protection Program (MPP) for first-time home buyers through Dec. 31, 2010. To date, C.A.R. has approved benefits for 3,122 first-time home buyers at no cost to the consumer.

GREENPATH DEBT SOLUTIONS SEES 58% INCREASE IN NYC CLIENTS AND 52% INCREASE IN NY...

FARMINGTON HILLS, MI - December 22, 2009 - (RealEstateRama) -- GreenPath Debt Solutions, a nonprofit consumer credit counseling service with seven offices in the greater New York City area, recently released mortgage delinquency data regarding its clients in New York State and New York City

BND and NDHFA team up to help rural financial institutions

BISMARCK, ND - December 18, 2009 - (RealEstateRama) -- Bank of North Dakota (BND) and the North Dakota Housing Finance Agency (NDHFA) are jointly offering a $10 million Rural Mortgage Loan Program, effective Jan. 1, 2010.

Governor Paterson Announces State Approval of $665 Million Sale in Housing Bonds to the...

New York, NY - December 18, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced that New York State has approved the sale of $665.2 million in housing bonds to the federal government that will lower the cost of borrowing for first-time homebuyers and developers of affordable multifamily rental apartments.

HUD Charges Las Vegas Real Estate Broker and Owners with Violating Fair Housing Act

WASHINGTON, DC - December 18, 2009 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced that it is charging a Las Vegas real estate broker and two homeowners with violating the Fair Housing Act by denying a mother of seven the opportunity to rent a four-bedroom home because they thought she had too many children.

Rep. Israel Announces $200,000 in New Federal Funding to Prevent Home Foreclosure in Central...

Central Islip, NY - December 17, 2009 - (RealEstateRama) -- On Thursday, Rep. Steve Israel announced $200,000 in new federal funding for the Central Islip Neighborhood Stabilization Project, a program that prevents foreclosures with aggressive community outreach and rehabilitates vacant homes to sell to first-time home buyers.

Madison Area Tax Preparer Charged in Mortgage Fraud Scheme

MADISON, WI - December 18, 2009 - (RealEstateRama) -- Stephen P. Sinnott, Acting United States Attorney for the Western District of Wisconsin, announced the unsealing of a two-count indictment charging Gail L. Mendez, 44, of Sun Prairie, Wis., with bank fraud involving mortgage applications and making false statements in connection with a loan application.

$29,878 awarded for new multi-family housing in Norfolk

LINCOLN, NEB. - December 16, 2009 - (RealEstateRama) -- The Nebraska Department of Economic Development has awarded $29,878 in Nebraska Affordable Housing Trust Funds to Building Futures IV, Inc., a nonprofit 501(c)3, to build 10 new multi-family units.

New Solar Energy Investments to Strengthen Pennsylvania’s “Green” Economy

Harrisburg, PA - December 18, 2009 - (RealEstateRama) -- Pennsylvania is bolstering its position as a leader in solar energy with new investments of more than $10 million in 12 new projects, Governor Edward G. Rendell said following the Commonwealth Financing Authority’s approval of the projects.

HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR ALASKA STORM VICTIMS

Foreclosure protection offered to displaced families. WASHINGTON, DC - December 21, 2009 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to counties in Alaska and provide support to homeowners and low-income renters forced from their homes following last month's severe storms, flooding, mudslides, and rockslides.

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New York City Fire Fatalities Rise 35% in 2017

While 2016 was the Big Apple’s safest year in terms of fire fatalities, 2017 experienced a 35% spike, increasing from 48 fire deaths to 73 in the year just concluded. The 2016 low corresponded with a decades-long trend than can be largely attributed to an increase in fire sprinkler system installations, as New York City regulations have consistently expanded requirements for sprinklers.