Blog Page 1125

State pays nearly $78,000 to Illinois homeowners hurt by American Escrow closure

CHICAGO, IL - November 18, 2009 - (RealEstateRama) -- Thirty-four Illinois homeowners were made whole this month when the Illinois Department of Financial and Professional Regulation (IDFPR) repaid all the money lost from their escrow funds earlier this year. The homeowners were in default for taxes and insurance coverage after Chicago-based American Escrow, LLC went out of business without making the obligatory property tax and insurance payments from their escrow accounts.

Georgia Department of Banking and Finance’s Order to Cease and Desist Issued to Mortgage...

Atlanta, GA - November 18, 2009 - (RealEstateRama) -- On November 16, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Mortgage Help Solutions d/b/a www.mortgagehelpsolutions.com located at 160 Clairemont Avenue, Suite 268, Decatur, Georgia 30030 became final.

Lieberman Applauds More Than $125,000 for Green Building Training in Connecticut

WASHINGTON, DC - November 18, 2009 - (RealEstateRama) -- Senator Joe Lieberman (ID-CT) today praised the release of $129,827 to two Connecticut corporations to help individuals acquire the skills needed to enter and advance in a clean energy economy. The grants will be used for green building training programs in Hartford and Bridgeport. The funds were released by the U.S. Department of Labor as a part of the American Recovery and Reinvestment Act.

Daily Welcomes New Housing, Economic Development in East Haddam

November 18, 2009 - (RealEstateRama) -- State Senator Eileen M. Daily (D-Westbrook), Senate Chair of the legislature’s Finance, Revenue, and Bonding Committee, took part in an East Haddam groundbreaking ceremony today to formally begin construction of a new Goodspeed Musicals initiative. The $5.5 million project represents significant economic development for the town and region.

American Recovery & Reinvestment Act (ARRA) Funds Aid in Construction of Affordable Apartments in...

RALEIGH, NC - November 16, 2009 - (RealEstateRama) -- Governor’s Office of Economic Recovery & Investment (OERI) Director Dempsey Benton, Wilson Mayor Bruce Rose and Bob Kucab, Executive Director of the North Carolina Housing Finance Agency will participate in a groundbreaking ceremony for affordable apartments at the Springbrook Apartments construction site in Wilson on Tuesday, Nov. 17 at 11:00 a.m. The site is located on Cresent Drive, off Forest Hills Road.

American Recovery & Reinvestment Act (ARRA) Funds Aid in Construction of Affordable Apartments in...

RALEIGH, NC - November 16, 2009 - (RealEstateRama) -- Governor’s Office of Economic Recovery & Investment (OERI) Director Dempsey Benton, Wilson Mayor Bruce Rose and Bob Kucab, Executive Director of the North Carolina Housing Finance Agency will participate in a groundbreaking ceremony for affordable apartments at the Springbrook Apartments construction site in Wilson on Tuesday, Nov. 17 at 11:00 a.m. The site is located on Cresent Drive, off Forest Hills Road.

Senate Approves Udall, Bingaman & Bond Amendment to Fight Veteran Homelessness

WASHINGTON, DC - November 17, 2009 - (RealEstateRama) -- U.S. Senators Tom Udall (D-NM), Jeff Bingaman (D-NM) and Kit Bond (R-MO) today reported that the U.S. Senate has approved an amendment they introduced that would increase funding to provide transitional housing for homeless veterans.

Affordable housing takes center stage during the 2009 Ohio Housing Conference

COLUMBUS, OH - November 17, 2009 - (RealEstateRama) -- Hundreds of developers, real estate agents, lenders, property managers and other affordable housing stakeholders are meeting in Columbus this week to discuss issues impacting the housing industry both locally and nationally.

Assembly Protects Homeowners, Tenants By Strengthening Foreclosure Law

Albany, NY - November 16, 2009 - (RealEstateRama) -- Assembly Speaker Sheldon Silver, Judiciary Committee Chair Helene Weinstein, Banks Committee Chair Darryl Towns and Housing Committee Chair Vito Lopez today announced the passage of a measure that strengthens current foreclosure law to protect homeowners and tenants

Governor Paterson Announces Passage Of Comprehensive Foreclosure Legislation

Albany, NY - November 16, 2009 - (RealEstateRama) -- Governor David A. Paterson and Legislative Leaders today announced passage of the Governor’s Program Bill No. 46, which provides additional critical protections for New York State homeowners, tenants and neighborhoods in the wake of the ongoing foreclosure crisis.

Rep. Melancon Introduces Bill Aiding Victims of Chinese Drywall

WASHINGTON, D.C. - November 17, 2009 - (RealEstateRama) -- U.S. Congressman Charlie Melancon (LA-03) introduced legislation today to aid Louisiana homeowners with defective Chinese drywall in their homes. The Drywall Victims Insurance Protection Act would prevent insurance companies from cancelling or failing to renew homeowners’ policies as the result of Chinese drywall in the home. The bill would also prevent insurers from changing rates or altering the type or amount of coverage based on problems stemming from Chinese drywall.

Florida Housing Invited Developers to Participate in New Issue Bond Program

TALLAHASSEE, FL - November 17, 2009 - (RealEstateRama) -- In late October, 2009, the Treasury, the Federal Housing Finance Administration, Fannie Mae and Freddie Mac announced a new program under which housing bond issuers will have the opportunity to sell multifamily bonds to Fannie Mae and Freddie Mac (the “GSEs”) that will in turn be securitized and sold to the Treasury. The new program is known as the HFA Initiative/ New Issue Bond Purchase (“NIBP”) program and has been created based on authority granted under the Housing and Economic Recovery Act of 2008 (HERA).

Missouri Man Sentenced to Over 11 Years in Major Mortgage Fraud Scheme

CAPE GIRARDEAU, MO - November 17, 2009 - (RealEstateRama) -- Russell Todd McBride, of Creve Coeur, was sentenced on a mortgage fraud scheme involving the sale of residential real estate located in Sikeston, MO, Acting United States Attorney Michael W. Reap announced today. After sentencing, the district court remanded McBride to the custody of the United States Marshals to commence serving his sentence.

DNREC ready to assist homeowners by expediting storm repair permits

November 17, 2009 - (RealEstateRama) -- As Delaware beach-area property owners take stock of damage from last week’s coastal storm, the Department of Natural Resources and Environmental Control staff stands ready to assist owners and contractors who are planning repairs or rebuilding efforts. DNREC will work directly with property owners and make every effort to expedite any permits and approvals needed.

Federal Home Loan Bank of San Francisco Announces 2009 Director Election Results

November 17, 2009 - (RealEstateRama) -- The Bank today announced the results of the 2009 election for two nonmember independent director positions and two California member director positions on its Board of Directors.

Homebuyers Tax Credit Extension Is Helping Li Economy

Hampton Bays, NY - November 13, 2009 - (RealEstateRama) -- Today, Congressman Tim Bishop was joined by first time homebuyers and a local realtor and contractor to demonstrate the how the $8000 first-time homebuyer tax credit is helping turn around Long Island’s economy.

Sen. Brown, Columbus Housing Partnership Cite First-Time Homebuyers Tax Credit Extension As Key To...

COLUMBUS, OH - November 16, 2009 - (RealEstateRama) -- At the soon-to-be new home of Mike Decker and Katie Arends, who used the first-time homebuyer federal tax credit to build their first house, U.S. Sen. Sherrod Brown (D-OH) today discussed how the newly extended federal tax credit can help other Columbus community members purchase new homes.

Trammell Crow Company’s Lakeview Business Park Closes on Land Site Sale

Lufkin Automation buys 6.2 acres for future 40,000 SF headquarters. Houston, TX - November 16, 2009 - (RealEstateRama) -- November 16, 2009 - Lufkin Automation, a provider of engineered products and services to oil and gas producers, has purchased a 6.2 acre land site within Lakeview Business Park. This marks the first land sale closed in the newly developed business park, which is located Missouri City, Texas, in Fort Bend County.

Grassley: Rushed Stimulus Package Leaves Taxpayers Facing Problems With Making Work Pay Tax Credit

November 16, 2009 - (RealEstateRama) -- Sen. Chuck Grassley, ranking member of the Committee on Finance, today made the following comment on a new report saying that a $400 tax credit provided by the economic stimulus plan may leave more than 15.4 million Americans owing money to the IRS because of under-withholding from their paychecks. The Treasury Inspector General for Tax Administration (TIGTA) today released its review of the IRS’ administration of the making work pay credit. Recent reports have documented administrative problems with the homebuyer tax credit and the existing health care tax credit

Florida Housing Named State Agency of the Year

Non-profits applaud state’s affordable housing agency for expanding affordable housing opportunities for Florida’s most vulnerable citizens. TALLAHASSEE, FL - November 16, 2009 - (RealEstateRama) -- Florida Housing Finance Corporation (Florida Housing) was recently awarded “State Agency of the Year” by the Florida Supportive Housing Coalition (FLSHC) and the Florida Coalition for the Homeless (FCH) during their Third Annual Statewide Housing and Homeless Conference last month in Clearwater Beach, Florida.

Former Executive at Colorado Home Building Company admits Role in $16 Million ‘Builder Bailout’...

Southern California Loan Officer, Real Estate Agent Linked to Scheme in Which Unqualified Buyers Obtained Mortgages for Luxury Homes. LOS ANGELES, CA - November 16, 2009 - (RealEstateRama) -- The former director of sales for a Colorado real estate company that built luxury homes throughout the state agreed in court papers filed today to plead guilty to a federal conspiracy charge, admitting that he and other company officials participated in a $16 million “builder bailout” scheme in which buyers of $1 million-plus homes were paid kickbacks if they purchased homes from the company

MAYOR VILLARAIGOSA ENCOURAGES LOCAL HOMEOWNERS TO ATTEND FREE FORECLOSURE PREVENTION FAIRS

LOS ANGELES, CA - November 16, 2009 - (RealEstateRama) -- Mayor Antonio Villaraigosa today announced two foreclosure counseling clinics in South Los Angeles and the San Fernando Valley this Saturday, November 14, 2009. The free clinics are designed to educate the public about the foreclosure process, distribute information about foreclosure prevention, and present residents with options to modify loans and keep their homes.

Loan Officers Sentenced for Operating West Michigan Mortgage Fraud Ring

LANSING, MI - November 16, 2009 - (RealEstateRama) -- Attorney General Mike Cox today announced the sentencing of two west Michigan loan officers convicted of operating a widespread mortgage fraud ring, duping members of the Grand Rapids Hispanic community into purchasing distressed properties at inflated prices, falsifying records and pocketing thousands of dollars. The targeted buyers often spoke or wrote little English and had a limited understanding of the mortgage process.

Bond Sponsors Legislation to Fight Homelessness among Veterans

WASHINGTON, DC - November 16, 2009 - (RealEstateRama) -- U.S. Senator Kit Bond has introduced legislation that will increase funding to provide transitional housing for homeless veterans, calling it our nation’s sacred responsibility to support the men and women who answered America’s call to serve.

Meeting of the State Property and Building Commission

FRANKFORT, KY - November 16, 2009 - (RealEstateRama) -- The State Property and Building Commission (SPBC) will hold a meeting on Monday, November 16, 2009 at 2:00 p.m. in Room 182 of the Capitol Annex, Frankfort, Kentucky.

Congressman Yarmuth Announces New Federal Assistance Available for Potential Homebuyers

Louisville, KY - November 16, 2009 - (RealEstateRama) -- Congressman John Yarmuth (KY-3) was joined by Louisville Realtors, representatives from the Home Builders Association of Louisville, and local homeowners and recent homebuyers to announce that more Louisvillians than ever are eligible for a homebuyer’s tax credit.

Iowa Finance Authority awards more than $4 million in Local Housing Trust Fund grants

Local Housing Trust Fund grants will help preserve or create more than 1,600 affordable housing units. Des Moines, IA - November 16, 2009 - (RealEstateRama) -- The Iowa Finance Authority (IFA) Board of Directors recently approved a total of more than $4.3 million in grants to 20 Local Housing Trust Funds. The grants will aid in the development and preservation of more than 1,600 affordable housing units throughout the state. The awards were made through the State Housing Trust Fund’s Local Housing Trust Fund Program (LHTF).

Illinois Department of Veterans’ Affairs brings awareness to homeless Vets at Prince Home ...

MANTENO, IL - November 16, 2009 - (RealEstateRama) -- The Illinois Department of Veterans’ Affairs (IDVA) held an open house today at the Prince Home at Manteno to bring awareness to the resources the State of Illinois provides for homeless and disabled veterans. IDVA Director Dan Grant was joined by State Rep. Lisa Dugan (D-Kankakee) and State Sen. Toi Hutchinson (D-Chicago Heights) at the facility, which was the first in Illinois to provide permanent supportive housing for homeless veterans.

Mean and Green: IBHS to Present at Greenbuild 2009 Conference

TAMPA, FL - November 16, 2009 - (RealEstateRama) -- The Institute for Business & Home Safety (IBHS) today announced that President and CEO Julie Rochman, along with representatives from Travelers and Ceres, will present “Mean and Green: The Need for Disaster Resistant Green Building,” Thursday, Nov. 12 from 6 p.m. to 7:30 p.m. ET at the Greenbuild 2009 Conference in Phoenix.

Senate Majority Leader: Democrats’ Home Energy Assistance Web Page Can Help Families Save This...

Web site provides one-stop shop for families seeking help with heating expenses, furnace upgrades and home weatherization. Hartford, CT - November 16, 2009 - (RealEstateRama) -- State Senate Majority Leader Martin Looney (D-New Haven) announced today that the Senate Democrats have released an update to their home-heating assistance Web page to help provide Connecticut families with a convenient location on the Web for information on a wide variety of home-heating assistance programs.

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Jessica Musick Becomes Shareholder of KTGY Architecture + Planning

International award-winning firm KTGY Architecture + Planning is pleased to announce the addition of Jessica Musick as a shareholder. Musick, formerly an associate principal with KTGY, was also named a principal. Based in the firm’s Oakland, California office, Musick joins other KTGY Oakland shareholders: Jill D. Williams, AIA, principal and chairman of the board; and Bill Ramsey, AIA, NCARB, principal