Monthly Archives: June 2010

WASHINGTON, D.C. - June 10, 2010 - (RealEstateRama) -- First time homebuyers have a lot to consider this summer when making the decision to rent or buy a home: interest rates are at all-time lows, there’s still plenty of housing stock and prices are at or near their lowest in years.

COLUMBUS, OH - June 10, 2010 - (RealEstateRama) -- Ohio Attorney General Richard Cordray and the Toledo-area Better Business Bureau (BBB) are offering an information center in Wood County this week to assist Ohioans who are looking to repair and rebuild in the aftermath of the recent tornados.

WASHINGTON, DC - June 10, 2010 - (RealEstateRama) -- Rep. Carolyn Maloney (D-NY) today voted in favor of reforms to the Federal Housing Administration (FHA) which will protect homeowners from mortgage fraud and save tax dollars.

Washington, DC - June 10, 2010 - (RealEstateRama) -- Today, Congressman Harry Teague announced that the town of Silver City will receive nearly $600,000 to build new affordable housing units

Washington, DC - June 9, 2010 - (RealEstateRama) -- The U.S. Department of Energy (DOE) invites interested parties to submit comments to assist in developing a voluntary National Energy Rating Program for Homes.

Washington, D.C. - June 10, 2010 - (RealEstateRama) -- Speaker Nancy Pelosi released the following statement after the House voted overwhelmingly to pass the Federal Housing Administration (FHA) Reform Act, which will make essential reforms to strengthen the financial footing of the FHA.

DOVER, NH - June 9, 2010 - (RealEstateRama) -- Today, New Hampshire Housing announced that it has awarded Wyndbrook at Dover a New Production Initiative development award for 15 of Wyndbrook’s planned 72 single family homes located just off Tolend Road in Dover.

NEW YORK, NY - June 10, 2010 - (RealEstateRama) -- New York Secretary of State Lorraine Cortés-Vázquez today announced she has deemed parts of northeast Bronx and eastern Queens cease-and-desist zones in order to prevent real estate agents from repeatedly soliciting homeowners in those neighborhoods to place their property for sale.

New York, NY - June 10, 2010 - (RealEstateRama) -- The New York State Banking Department today announced that more than 57,256 90-day pre-foreclosure notices were sent to New York homeowners who have fallen behind on their mortgage payments since Feb. 13, 2010.

New York, NY - June 10, 2010 - (RealEstateRama) -- On Wednesday, June 2, 2010, New York City Department of Housing Preservation and Development Commissioner Rafael E. Cestero, Department of Homeless Services Commissioner Seth Diamond, Bronx Borough President Ruben Diaz, Jr., and Common Ground

New York City, NY - June 8, 2010 - (RealEstateRama) -- The Board of the New York City Capital Resource Corporation (NYCCRC) today gave preliminary approval for ESmith Legacy Harlem LLC to receive an allocation of up to $19.7 million in Recovery Zone Facility Bonds to assist in the development and construction of an approximately 100,000-square-foot hotel on a 32,500-square-foot vacant parcel of land located at 100 West 125th Street in Harlem.

NEW YORK, NY - June 9, 2010 - (RealEstateRama) -- The Real Estate Board of New York (REBNY) presented its 2009 Retail Deal of the Year Awards, which recognize the most creative and significant retail deals, at the Retail Committee’s annual cocktail party at the 101 Club Tuesday night.

Washington, DC - June 9, 2010 - (RealEstateRama) -- The National Housing Conference (NHC)

Denver, CO - June 9, 2010 - (RealEstateRama) -- As the government, lenders and banks work together to curb foreclosures, RE/MAX agents are using their certified training and new technology to facilitate short sale transactions including Short Sale Commander™, a best-selling short sale platform from Elk Software

Canton, GA - June 9, 2010 - (RealEstateRama) -- May 2010 marks 30 yearsin real estate for Prudential Georgia Realty Managing Broker Kaylin Pound. Twentyof these years have been with Prudential, including many years in her currentposition of managing broker. Kaylin is the managing broker of the Cherokeeoffice on Riverstone Parkway in Canton. Prior to that she served as assistantmanaging broker, opening three Prudential offices.

June 9, 2010 - (RealEstateRama) -- Professional & Financial Regulation - Consumer Credit RegulationThe Bureau of Consumer Credit Protection signed a contract on Monday with Washington Hancock Community Agency (WHCA), increasing the number of housing counselors serving Maine homeowners. This contract adds a ninth certified housing counseling service to the eight non-profit agencies currently under contract around the State.

LOS ANGELES, CA - June 9, 2010 - (RealEstateRama) -- Real Estate Business Services Inc. (REBS) today announced that the Ventura County Coastal Association of REALTORS® (VCCAR) has signed an agreement to provide Clarus MarketMetrics® as a free REALTOR® member benefit for an additional three years to its nearly 1,800 members.

WASHINGTON, D.C. - June 9, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 4, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.2 percent on a seasonally adjusted basis from one week earlier. This week's results include an adjustment to account for the Memorial Day holiday. On an unadjusted basis, the Index decreased 21.1 percent compared with the previous week

Grand Rapids, MI - June 8, 2010 - (RealEstateRama) -- If there is one other factor, apart from the usually high price involved, that discourages an individual from buying a property is the fear of being duped. Being duped into buying a property worth less than what is the offer price, property with not too clear titles and so on. One is never sure, if they made the right purchase, if they have considered all the alternatives and if they could buy it for a lesser price. Real estate agents can’t be trusted blindly, since they act for seller of property as well and they are keen on making a sale, buyers’ interests be damned.

Online marketplace solution removes uncertainty and restores confidence for buyers and agents   Existing client adds new foreclosure properties in Maryland and Hawaii     BETHEL, CT - June 8, 2010 - (RealEstateRama) — Countdown To Buy, a next generation online real estate marketplace that offers fair and effective solutions to buy and sell properties, announced today that it [...]

Elgin, IL - June 8, 2010 - (RealEstateRama) -- For 17 years, the RE/MAX Northern Illinois real estate network has been a generous donor to the Children’s Miracle Network (CMN), supporting its mission of providing financial assistance to more than 170 children’s hospitals across the country. Now, CMN has honored two local RE/MAX executives for their role in fostering that relationship and achieving a remarkable record of fund-raising, even over the last several years when strong economic headwinds prevailed.

EUGENE, OR - June 8, 2010 - (RealEstateRama) -- With a growing number of real estate professionals choosing to update and simplify their real estate website, IDX, Inc. is pleased to announce the newest addition of Abby Oglesbee of Coldwell Banker Schmitt Real Estate. Florida Keys MLS (FLKMLS) listings are now integrated with Oglesbee's own listings on her real estate website, to deliver her clients with the most comprehensive property search available online. The innovative Internet Data Exchange (IDX) technology provided by IDX Broker and now available on Oglesbee's website makes searching for a home simpler than ever.

EUGENE, OR - June 8, 2010 - (RealEstateRama) -- Prudential California Realty's Forrest O'Connor and IDX, Inc. have collaborated to give Los Angeles area home seekers the most comprehensive real estate website around. Combined LA-Westside MLS (CLAW) listings sync directly with the search tool IDX Broker software provides on O'Connor's website to display properties in Silver Lake and the surrounding areas. Searching for a home online has never been easier for real estate professionals, like O'Connor, and potential home buyers. The addition of IDX Broker software has simplified O'Connor's real estate website and made his online business easier to manage.

LOS ANGELES, CA - June 8, 2010 - (RealEstateRama) -- Real Estate Business Services Inc. (REBS) today announced that the Victor Valley Association of REALTORS® (VVAR) has signed an agreement to provide Clarus MarketMetrics® as a free MLS member benefit for an additional two years. Clarus MarketMetrics® retails for $240 for an annual subscription

CHICAGO, IL - June 8, 2010 - (RealEstateRama) -- The Illinois Department of Insurance will provide free, one-on-one counseling services in Dwight and Streator to help individuals affected by the recent tornados with the insurance claims process. Department staff can assist with questions such as how to properly document storm damage, whether to make temporary repairs, what a consumer’s homeowner policy covers, and what to expect during the claims process.

Silver Spring, MD - June 8, 2010 - (RealEstateRama) -- If one were to rely solely on the headlines, he or she might be tempted to think that all mortgage-holders whose home loans were underwater were walking away from their mortgages and allowing the property to go into foreclosure. Admittedly, some do intentionally plan a strategic default, the term that refers to consumers who can afford to make their mortgage payment, but choose not to since the value of their home has decreased.

New Documents Include Two Integrated Project Delivery Agreements and Owner-Architect Agreement for Pro Bono Services. Washington, D.C.- June 8, 2010 - (RealEstateRama) -- On June 10, The American Institute of Architects (AIA) will announce the release of three updated bond forms as well as three new agreements, including an owner-architect agreement for pro bono services and two Integrated Project Delivery (IPD) agreements. Collectively called the “4.3 Release,” these six documents, A312™–2010, Payment Bond; A312™–2010, Performance Bond; A310™–2010, Bid Bond; B106™–2010, Standard Form of Agreement Between Owner and Architect for Pro Bono Services; C198™–2010, Standard Form of Agreement Between Single Purpose Entity and Consultant for Integrated Project Delivery; and C199™–2010, Standard Form of Agreement Between Single Purpose Entity and Contractor for Integrated Project Delivery, build on the AIA Contract Documents program’s 120 years of experience as the industry standard in defining the contractual relationships that govern the design and construction industry. These documents, and the bond forms in particular, highlight the AIA’s efforts to collaborate with industry stakeholders and practitioners in the development process.

June 8, 2010 - (RealEstateRama) -- Despite a federal law enacted in 2009 for renters living in foreclosed properties, many tenants across the country are still being threatened with eviction and are being forced to leave their homes on short notice. A report released today by the National Law Center on Homelessness & Poverty, Staying Home: The Rights of Renters Living in Foreclosed Properties, explains the impact of the new law and discusses problems with its implementation, and summarizes the results of a 50-state survey of developments in state laws protecting tenants living in foreclosed properties since early 2009.

June 8, 2010 - (RealEstateRama) -- Des Plaines, Illinois, June 8, 2010—According to the latest poll conducted by the National Association of the Remodeling Industry (NARI) on its Web site, the majority (56%) of homeowners cite functionality as their largest concern when it comes to their home

EUGENE, OR - June 7, 2010 - (RealEstateRama) -- Realty One Group of California has partnered with IDX, Inc. to apply IDX Broker software onto their real estate website. CEO Joseph Scrofani can now manage and display his listings along side the California Real Estate Tech Service (CARETS) listings to bring thousands of Laguna Niguel area properties together in one place. The comprehensive listing data now brings potential home buyer the most up-to-the-minute details right to the home seeker, with the ease and efficiency of never leaving Scrofani's website.