Monthly Archives: December 2009

December 8, 2009 - (RealEstateRama) -- Nora R. Dannehy, United States Attorney for the District of Connecticut, announced that PAUL MAYOTTE, 69, of Brookfield, the CFO of Girouard Associates, Inc. and RRG Investments, LLC, both of which are owned by Connecticut real estate developer Richard Girouard, pleaded guilty today before Senior United States District Judge Alfred V. Covello in Hartford to one count of an indictment charging MAYOTTE with conspiring with Girouard to commit wire fraud related to a scheme to defraud an investor out of money.

Albany, NY - December 8, 2009 - (RealEstateRama) -- Deborah VanAmerongen, commissioner of the state Division of Housing and Community Renewal (DHCR) today announced $32 million in grants that will help to build or rehabilitate 755 affordable homes for low-income families, frail elderly and people with disabilities.

Dallas, TX - December 7, 2009 - (RealEstateRama) -- Equity Based Services, Inc. (“EBS”) announced today that it has acquired Advantage Self Storage in Plano, Texas, located at 3900 McDermott Road.

Washington, DC - December 7, 2009 - (RealEstateRama) -- Today U.S. Senator Charles E. Schumer announced that he is introducing legislation to help provide more affordable housing options for military service members.

Foreclosure protection offered to displaced families in 37 counties WASHINGTON, DC - December 8, 2009 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to counties in Arkansas and provide support to homeowners and low-income renters forced from their homes following severe storms, tornadoes, and flooding.

WASHINGTON, DC - December 8, 2009 - (RealEstateRama) -- The Federal Housing Administration (FHA) today announced that it is immediately suspending Equitable Trust Mortgage Corporation (ETM) of Baltimore, Maryland, thereby preventing the Company from originating and underwriting new FHA-insured mortgages. FHA is imposing this action because ETM improperly overcharged 37 borrowers for broker and loan origination fees in excess of what the U.S. Department of Housing and Urban Development currently allows. HUD discovered that these unauthorized fees were charged to a substantially greater percentage of minority borrowers (68 percent) than non-minorities.

AUGUSTA, ME - December 8, 2009 - (RealEstateRama) -- Bureau of Financial Institutions Superintendent Lloyd P. LaFountain, III announced this week that third quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine. In general, foreclosure activity at Maine banks and credit unions appears to be lower than in many other states and it does not pose a threat to the stability of Maine-chartered financial institutions.

Topeka, KS - December 8, 2009 - (RealEstateRama) -- Kansas Housing Resources Corporation (KHRC) has launched a new appliance rebate program that rewards low-income households for replacing old, electricity-guzzling household appliances with new energy efficient models. The State Energy Efficient Appliance Replacement Program, or SEEARP, provides rebates to consumers who purchase ENERGY STAR® refrigerators, clothes washers, freezers, dishwashers and window air conditioners. Funded by the American Recovery and Reinvestment Act (ARRA) of 2009, SEEARP will provide $2.6 million for the replacement of an estimated 4800 appliances

DES MOINES, DC - December 8, 2009 - (RealEstateRama) -- The Iowa Finance Authority (IFA) Board of Directors recently approved nearly $13 million in federal resources to finance the development of The Rose of Council Bluffs, a 76 unit affordable housing development for older residents

December 8, 2009 - (RealEstateRama) -- Bags will be available on a first-come, first-served basis. To safeguard, it is recommended that individuals supply their own medium-sized garbage bags double bagged and their own shovels.

Dundalk, MD - December 7, 2009 - (RealEstateRama) -- Congressman C.A. Dutch Ruppersberger (D-MD) will host a Congressional Forum on “Opportunities for Home Ownership.” Maryland has the 9th highest foreclosure rate in the country, according to Realty Trac Inc., a California-based research firm. The homes of more than 6,600 families in Maryland went into foreclosure in October 2009 alone. Thousands more Marylanders face mortgage scams. Many others are considering refinancing or purchasing a new home.

CHICAGO, IL - December 7, 2009 - (RealEstateRama) -- Congressman Mike Quigley (D-IL) and his staff recently volunteered with the Young Leaders of Korean American Community Services (KACS) at an event to weatherize over a hundred living units for local senior residents

Atlanta, GA - December 7, 2009 - (RealEstateRama) -- On December 4, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Groupers Property Management Associates located at 1050 E. Piedmont Road, Suite E-167, Marietta, Georgia 30062 became final.

TAMPA, FL - December 7, 2009 - (RealEstateRama) -- The Institute for Business & Home Safety (IBHS) today announced a change of leadership as the organization looks toward 2010. Kevin Kelso, chief marketing officer and executive vice president of the Farmers Group, will become IBHS chairman at the end of this year. In addition, Carl Hedde, vice president of Munich Re America, will become IBHS vice chairman. Both appointments were lauded during the Dec. 4 IBHS board of directors meeting.

PIERRE, S.D. - December 4, 2009 - (RealEstateRama) -- A recent homeless count and survey conducted by South Dakota Housing for the Homeless Consortium (SDHHC) indicates that the economy has impacted the number of homeless individuals and families in South Dakota.

December 7, 2009 - (RealEstateRama) -- Eight Delaware emergency and transitional shelters for the homeless received a financial boost from the Delaware State Housing Authority (DSHA) to continue to bring needed services to the homeless in lower Delaware. A total of $100,233 in federal funds was awarded to homeless providers through a competitive application process in which DSHA has participated for twenty-one consecutive years.

December 7, 2009 - (RealEstateRama) -- Continuing his commitment to California’s veterans, Governor Arnold Schwarzenegger today joined California Department of Veterans Affairs (CDVA) Secretary Roger Brautigan and commanding officer of the Naval Base Ventura County Captain James McHugh to celebrate the grand opening of California Veterans Home, Ventura (CVH-Ventura), the newest state veterans home which will provide housing and long-term care for many of California’s veterans

WASHINGTON, DC - December 7, 2009 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced that it is charging an Andover, Massachusetts, condominium association, a property management company, and two individuals with discriminating against families with children. HUD accuses Property Management of Andover, Inc., and its property manager, and Stonecleave Village Association, and its president, with unlawfully charging fees to parents for allowing their children to play in the common area

Watch Robert Shemin's personal invitation to you for this event: http://www.ctreia.com/events.php?a=v&i=222 West Hartford, CT - December 7, 2009 - (RealEstateRama) -- Once considered "least likely to succeed," Robert overcame severe learning disabilities and seemingly insurmountable odds to become a real estate millionaire and one of the most charismatic and sought-after lecturers and motivational speakers in the country. He's helped thousands of hardworking Americans of all different backgrounds attain total financial freedom for life even though most of his proteges had no investment experience, no financial savvy, and zero money in the bank. Robert will share the wealth lessons he's learned in nearly 20 years of successful real estate investing. Robert Shemin has been featured in dozens of national magazines and TV shows, and is the author of ten best-selling books on real estate and wealth-building.

Albany, NY - December 5, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced that nearly $25 million has been awarded to fund homeless housing projects and related support services throughout the State.

STILLWATER, Okla. - December 7, 2009 - (RealEstateRama) -- If you are a looking to purchase a home and qualify for the first-time homebuyer tax credit, you are in luck – the tax credit has been extended.

NEW YORK, NY - December 3, 2009 - (RealEstateRama) -- The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $850 million in tax-exempt and taxable Multi-Family Housing Revenue Bonds for the construction and permanent financing for affordable housing developments in New York City.

NEW YORK, NY - December 3, 2009 - (RealEstateRama) -- The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $43 million in taxable Multi-Family Mortgage Revenue Bonds and Cooperative Housing Mortgage Revenue Bonds for the new construction of Via Verde Apartments and Via Verde Cooperative Apartments, located in the Bronx.

December 4, 2009 - (RealEstateRama) -- Today, Mayor Thomas M. Menino announced that the number of new property tax liens expected to be filed for Fiscal Year 2009 is 18 percent less than FY 2008. The value of these new liens represents only half a percentage point of the total FY 2009 tax levy of $1.4 billion

Atlanta, GA - December 4, 2009 - (RealEstateRama) -- Homeowners seeking to take a "payment holiday" from their mortgage need to consider other alternatives to make certain they do not become delinquent on their most important asset - their home.

Atlanta, GA - December 4, 2009 - (RealEstateRama) -- On December 2, 2009, the Georgia Department of Banking and Finance’s Amended Notice of Intent to Revoke Annual License of America’s First Home Mortgage Company, Inc., located at 405 North Robinson Street, Richmond, Virginia 23220, mortgage lender’s license number 5682, became final.

NEW YORK, NY - December 2, 2009 - (RealEstateRama) -- The Goldman Sachs Urban Investment Group announced today an investment of $61 million to support the preservation of more than 500 affordable rental homes for low-income New Yorkers.

New York, NY - December 4, 2009 - (RealEstateRama) -- The Harlem Community Development Corporation (Harlem CDC), in partnership with a range of organizations dedicated to supporting the growth of small business in Upper Manhattan, will host the 4th annual Small Business Conference on Thursday, December 10th, at the Adam Clayton Powell Jr. State Office Building.

OKLAHOMA CITY, OK - December 3, 2009 - (RealEstateRama) -- Yesterday, Phillip Seibel, 39, of Edmond, Oklahoma, was sentenced by United States District Judge David Russell to serve 30 months in prison for money laundering stemming from a mortgage fraud scheme, announced Robert J. Troester, Acting United States Attorney for the Western District of Oklahoma.

NEW YORK, NY - December 3, 2009 - (RealEstateRama) -- The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $30 million in tax-exempt Multi-Family Rental Housing Revenue Bonds for the rehabilitation of a development comprised of nine multifamily rental buildings, in the East Harlem neighborhood of Manhattan.