Monthly Archives: June 2010

Washington, D.C. - June 30, 2010 - (RealEstateRama) -- Today, U.S. Senator Patty Murray (D-WA) applauded the announcement made by NeighborWorks America that over $500,000 will be awarded to three Washington state community-based organizations to rehabilitate affordable housing.

Washington, DC - June 30, 2010 - (RealEstateRama) -- Majority Leader Harry Reid (D-Nev.) and Senate Finance Committee Chairman Max Baucus (D-Mont.) introduced legislation today to reinstate federal unemployment insurance benefits and extend the purchase closing date for new homebuyers to qualify for tax credits.

Marietta, GA - June 30, 2010 - (RealEstateRama) -- Realtor Cheryl Lenney, withmore than 25 years real estate experience, recently joined Prudential Georgia Realty. She is based outof Prudential Georgia Realty’s Northwest office, located on 2414 DallasHighway in Marietta

Quakertown, PA - June 30, 2010 - (RealEstateRama) -- Metro Commercial Real Estate, Inc., the region’s premier full-service retail real estate company, has announced that it has negotiated a new 10,100 square foot lease with Ulta, the nation’s leading beauty retailer, at Richland Marketplace in Quakertown, PA.

EUGENE, OR - June 30, 2010 - (RealEstateRama) -- Today, IDX, Inc. is pleased to announce the addition of Ruth Jones, owner of Ruth Jones Homes, to the team of real estate professionals dedicated to providing home seekers with the best online home search experience around. With the adoption of IDX Broker software, the website of Ruth Jones is now completely compatible with the Consolidated MLS (CMLS), which makes finding a home in New Canaan, Connecticut monumentally easier for agents, brokers and potential buyers alike. Jones can once again enjoy the real estate profession, thanks to the ease and efficiency the new IDX technology brings to her website.

LOS ANGELES, CA - June 30, 2010 - (RealEstateRama) -- Real Estate Business Services® Inc. (REBS®) today announced that the Inglewood Board of REALTORS® (IBOR) has signed a renewal agreement to provide Clarus MarketMetrics® as a member benefit to its more than 300 REALTOR® members. The Inglewood Board of REALTORS® uses Multi Regional Multiple Listings Service (MRMLS) as its multiple listing provider

Washington, DC - June 30, 2010 - (RealEstateRama) -- Rep. Bill Foster (IL-14) voted to pass legislation that would extend the closing deadline for the homebuyer tax credit, benefiting families who are in the process of purchasing a home.

Washington, DC - June 30, 2010 - (RealEstateRama) -- Rep. Bill Foster (IL-14) voted to pass legislation that would extend the closing deadline for the homebuyer tax credit, benefiting families who are in the process of purchasing a home.

Washington, DC - June 30, 2010 - (RealEstateRama) -- Congressman Baron Hill supported a straightforward and paid-for bill today that will directly help those Hoosiers who entered into a contract to buy a home to access the first-time homebuyer tax credit by April 30. H.R. 5623, the Homebuyers Assistance and Improvement Act, extends until October 1 the deadline for closing in order to be eligible for the credit. Under current law, these homebuyers were required to close by June 30 to receive the credit.“As of mid-April, about 40,000 Hoosiers had taken advantage of this tax credit,” Hill said. “It’s a targeted and timely credit that has rendered real success. I’ve heard from many constituents who asked me to support this extension in order to ensure they can get the credit.”

June 30, 2010 - (RealEstateRama) -- As the summer season begins, the Michigan Public Service Commission (MPSC) today unveiled its new and improved energy efficiency website, one that makes it easy to find information on utility-run energy efficiency programs that help customers cut energy usage; financial assistance available through the Michigan Saves program; and tips on how to reduce energy consumption at home

Washington D.C. - June 30, 2010 - (RealEstateRama) -- The House of Representatives today voted to extend the closing deadline for taxpayers seeking the homebuyer’s tax credit. H.R. 5623, the Homebuyers Assistance and Improvement Act of 2010 would extend the current deadline from June 30 to September 30, 2010, enabling an estimated 180,000 additional homebuyers to utilize the credit. Taxpayers must have entered into a written, binding contract prior to May 1st to claim the credit. The legislation also includes an important provision to crack down on reported instances of fraud identified in a recent report by the U.S. Treasury Inspector General for Tax Administration.

Washington, DC - June 29, 2010 - (RealEstateRama) -- Today, Rep. Michael E. McMahon continued a fight he has been championing since early 2009 – extending the $8,000 first-time homebuyers’ tax credit.

Nearly 233,000 Foreclosure and Bank-Owned Homes Sold at an Average Discount of 27 Percent. IRVINE, CA - June 30, 2010 - (RealEstateRama) -- RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its first U.S. Foreclosure Sales Report™, which shows that foreclosure homes accounted for 31 percent of all residential sales in the first quarter of 2010, and that the average sales price of properties that sold while in some stage of foreclosure was nearly 27 percent below the average sales price of properties not in the foreclosure process.

Washington, DC - June 30, 2010 - (RealEstateRama) -- Congressman Harry Teague announced that the Tierra Del Sol Housing Corporation has been awarded a grant of $138,058 through the USDA’s Rural Development program.

Washington, DC - June 30, 2010 - (RealEstateRama) -- Early this morning, the Conference Committee passed the Financial Regulatory Reform Bill. John Taylor, NCRC’s president and CEO, made this statement regarding its passing:

WASHINGTON, D.C. - June 30, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the first quarter of 2010. The analysis shows that commercial real estate fundamentals are beginning to show signs of stabilization, though property and mortgage performance remains weak. As economic growth continues, the impact on commercial real estate markets should broaden and reach rents, vacancies and delinquencies

WASHINGTON, D.C. - June 30, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 25, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 8.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 8.3 percent compared with the previous week

HOUSTON, TX - June 29, 2010 - (RealEstateRama) -- Adrian Levale Cole has pleaded guilty to committing wire fraud and false representation of a Social Security number arising from a $10 million mortgage fraud scheme, United States Attorney José Angel Moreno announced today.

BEDFORD, N.H. - June 30, 2010 - (RealEstateRama) -- Has your organization made significant contributions to affordable housing in New Hampshire in the past three years?

WASHINGTON, D.C. - June 30, 2010 - (RealEstateRama) -- A luxury apartment complex built with energy- and water-efficient features and within walking distance of the Johnson Space Center in Houston has become the largest project certified by the NAHB Research Center to the National Green Building Standard, according to the National Association of Home Builders (NAHB) and the NAHB Research Center, which developed the standard.

TRENTON, NJ - June 30, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow announced today that a New Jersey loan modification company and its owners have agreed to a judgment of $5,051,253 to settle civil charges they defrauded homeowners who sought help in avoiding mortgage foreclosure.

RALEIGH, NC - June 29, 2010 - (RealEstateRama) -- The N.C. Energy Office is launching a $3.7 million program to improve energy efficiency in new single-family homes and multi-family housing under construction.

MADISON, WI - June 30, 2010 - (RealEstateRama) -- Governor Jim Doyle announced today that the City of Prairie du Chien, Crawford County, will receive a $150,000 grant from the Community Development Block Grant - Public Facilities (CDBG-PF) program of the Department of Commerce (Commerce) to fund a redevelopment project.

LIVINGSTON, TX - June 30, 2010 - (RealEstateRama) -- Grubb & Ellis Healthcare REIT II, Inc. today announced that it has acquired Livingston Medical Arts Pavilion, a two-story, 30,000-square-foot, multi-tenant medical office building in Livingston.

AUSTIN, TX - June 29, 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

New York, NY - June 29, 2010 - (RealEstateRama) -- Halstead Property Development Marketing and RGS Holdings, LLC, in conjunction with Goldman Sachs Urban Investment Group and JP Morgan Chase Community Development, announced that 2280 FDB in Harlem has received a Temporary Certificate of Occupancy (TCO)

San Francisco, CA - June 29, 2010 - (RealEstateRama) --The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $32.5 million in Affordable Housing Program (AHP) grants in the first round of its 2010 funding competition. The grants approved by the Bank’s Board of Directors in AHP Round A were awarded to 60 projects that address the diverse affordable housing needs of communities in Arizona, California, Illinois, Nevada, Oklahoma, Texas, and Washington, and will produce or preserve 3,375 housing units that are affordable to lower-income individuals and families.

EUGENE, OR - June 29, 2010 - (RealEstateRama) -- Jonathan Marshman of Remax Harbor Realty has joined forces with IDX, Inc. to update and expand the online property search options available on his website. Now, Mid Florida Regional MLS (MFRMLS) listings are displayed directly on his website to better serve his clients with thousands of local property listings. Marshman, MFRMLS and IDX, Inc. are working together to make a dynamic and powerful online property search for every one of his clients.

WASHINGTON, DC - June 29, 2010 - (RealEstateRama) -- U.S. Representative John Boccieri (D-Alliance) today announced the U.S. Department of Housing & Urban Development awarded more than $4.6 million in grants to Medina, Stark and Wayne Counties through the 2010 Capital Fund Program.

Washington, DC - June 29, 2010 - (RealEstateRama) -- U.S. Senator Dianne Feinstein (D-Calif.), along with Representative Henry Waxman (D-Los Angeles) and Los Angeles County Supervisor Zev Yaroslavsky, today applauded a decision by Secretary of Veterans Affairs Eric Shinseki to fund long-term therapeutic housing for chronically homeless veterans in Los Angeles.