Monthly Archives: December 2010

WASHINGTON, D.C. - December 14, 2010 - (RealEstateRama) -- The New Year will ring in better times in the U.S. real estate market, according to one out of three people surveyed. The opinion poll found that the majority of respondents, however, aren’t so enthused about real estate when it comes to the calendar advancing to 2011

WASHINGTON, DC - December 14, 2010 - (RealEstateRama) -- The Federal Housing Administration’s Mortgagee Review Board (MRB) today announced that it is permanently withdrawing FHA approval of Cambridge Home Capital, LLC (CHC), a Great Neck, New York-based lender. In addition, the MRB will seek a monetary penalty of $182,000.

NEW YORK, NY - December 14, 2010 - (RealEstateRama) -- The U.S. Department of Labor has taken legal action to recover more than $829,000 in back wages for 32 workers employed as demolition laborers by Enviro & Demo Masters Inc. and Gladiators Contracting Corp., construction demolition companies based in Brooklyn and Queens.

WASHINGTON, D.C. - December 14, 2010 - (RealEstateRama) -- The Congressional Oversight Panel today released its December oversight report, "A Review of Treasury's Foreclosure Prevention Programs." In the eight months since the Panel's last report on the Home Affordable Modification Program (HAMP), Treasury has made minor tweaks to the program, but the changes have not resolved the Panel's core concerns. The Panel now estimates that, if current trends hold, HAMP will prevent only 700,000 foreclosures -- far fewer than the three to four million foreclosures that Treasury initially aimed to stop, and vastly fewer than the eight to 13 million foreclosures expected by 2012

December 13, 2010 - (RealEstateRama) -- Assembly Republican Deputy Conference Leader Scott Rumana, R-Passaic, Bergen and Essex, issued the statement below regarding approval today by the Assembly Housing & Local Government Committee of Democrat COAH legislation, A-3447, that still contains bonus density, which allows developers to build more housing than a municipality and taxpayers can support

December 13, 2010 - (RealEstateRama) -- Nassau County Executive Edward P. Mangano today announced the construction of a new home in the Village of Hempstead’s Parkside Gardens as part of an effort between the County, the Long Island Housing Partnership, the Village of Hempstead, and the Hempstead Village Community Development Agency (IDA).

WASHINGTON, DC - December 13, 2010 - (RealEstateRama) -- A Florida man and two U.K. nationals pleaded guilty Dec.10, 2010, to immigration fraud charges for their roles in a scheme to fraudulently procure visas from the U.S. Embassy in London through a Florida property development company called Royal Development. The guilty pleas were announced today by Assistant Attorney General Lanny A. Breuer of the Criminal Division; U.S. Attorney Robert E. O’Neill of the Middle District of Florida; Eric J. Boswell, Assistant Secretary of State for Diplomatic Security; and Special Agent in Charge Linda J. Osuna of the Internal Revenue Service (IRS) Criminal Investigation Division.

PITTSBURG, KS - December 13, 2010 - (RealEstateRama) -- Officials from the City of Pittsburg, the Pittsburg Area Chamber of Commerce, Kansas Housing Resources Corporation and Garrison Development Company celebrated the completion of Besse Apartments at 121 E. 4th Street in Pittsburg. A $9.2 million dollar historic rehab, the 83-year-old former hotel now offers 46 affordable apartments in the heart of downtown

WASHINGTON, DC - December 13, 2010 - (RealEstateRama) -- Jose Portillo, 22, was convicted by a jury today of first degree felony murder and other charges in the November 2008 slayings of Virginia and Michael Spevak, who were attacked while in their Northwest Washington home, U.S. Attorney Ronald C. Machen Jr. and Cathy L. Lanier, Chief of the Metropolitan Police Department announced.

West Hartford, CT - December 13, 2010 - (RealEstateRama) December 16, 2010 - 8:00 to 8:30 PM (EDT). Free for CT REIA Members. $165 for Non-Members (this price includes 1 year of CT REIA Membership)

WASHINGTON, Dec. 13, 2010 /PRNewswire/ -- The Peterson Companies and The Bozzuto Group, two D.C. area-based and family-owned development companies, announced today a joint venture that will bring the first apartment community to National Harbor

TRUCKEE, CA - December 13, 2010 - (RealEstateRama) -- Clear Capital www.clearcapital.comreleased its monthly Home Data Index™ (HDI) Market Report, providing the most current (through November 2010) and granular analysis of how local markets performed compared to the national downward trend in home prices

EUGENE, OR - December 13, 2010 - (RealEstateRama) -- IDX, Inc. welcomes agent Joanne Rudowski to the growing group of real estate agents and brokers adopting a customizable IDX solution for their websites. Rudowski, a member of the Pinellas MLS (PROMLS) has long had access to thousands of Tampa Bay, Florida property listings. But now the same listings that were once classified for only real estate professionals are accessible to home seekers on the website Rudowski hosts. Never before has such a dynamic and easy-to-use search been available to potential buyers.

EUGENE, OR - December 13, 2010 - (RealEstateRama) -- Palm Beach, Florida homes just got easier to search for online, thanks to the partnership between IDX, Inc. and real estate agent Bonnie Tomljanovic. Thousands of properties are now synced to the search page Tomljanovic hosts with the innovative the IDX Broker technology, which extracts raw Palm Beach Regional MLS (RMLSFL) listing data and displays it flawlessly onto the website of Tomljanovic. Never before has such a simple solution been utilized to bring ease and efficiency to the online property search

New York, NY - December 13, 2010 - (RealEstateRama) -- The New York Housing Conference (NYHC) and the National Housing Conference (NHC) hosted the 37th Annual Awards Luncheon, one of the largest gatherings of housing professionals in the nation, today, Thursday, December 9, 2010, at the Hilton New York in Manhattan.

TRENTON, NJ - December 10, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced that a father and son were arrested today on charges that they used the construction companies they own and operate to defraud clients and a bank in connection with a $2.1 million condominium project in Jersey City.

December 10, 2010 - (RealEstateRama) -- Assembly Republican Declan O’Scanlon, R-Monmouth and Mercer, released the following statement regarding an announcement by Governor Christie of a bipartisan agreement on arbitration reform which is a key component of the governor’s property tax reform Tool Kit package:

LIMA, OH - December 10, 2010 - (RealEstateRama) -- The Ohio Attorney General's Charitable Law section is seeking input from members of the public who have donated to a well-known Lima veterans' charity.Last week, as a result of a lawsuit filed by Attorney General Richard Cordray, Michael Muhammad was ordered to stop soliciting contributions for his nonprofit organizations, Help Homeless Veterans Inc and Veterans Hope Community House Inc. The Attorney General's Office also sought and obtained a court order to shut down Muhammad's "veterans' shelter" at 616 W. Elm St., Lima.

LINCOLN, NE - December 10, 2010 - (RealEstateRama) -- The Nebraska Department of Economic Development (DED) has awarded $550,000 in HOME Community Housing Development Organization (CHDO) funding to NeighborWorks Northeast Nebraska (NWNEN), a state desi...

LINCOLN, NE - December 10, 2010 - (RealEstateRama) -- The Nebraska Department of Economic Development has awarded CORE Development, Inc., a 501(c)3 nonprofit, $250,000 in HOME funds through a Nebraska Affordable Housing Program (NAHP) 2010 set aside grant to rehabilitate eight owner-occupied homes in Amelia, Brunswick, Chambers, Clearwater, Orchard, Inman, Ewing, Elgin, Neligh, Oakdale, Royal, Page and all of Antelope County

December 10, 2010 - (RealEstateRama) -- Congressman Silvestre Reyes (D-TX) released the following statement after today’s groundbreaking ceremony for the new 73-unit Paisano Green Community. The $10.4 million project was made possible by an $8.25 million grant from the American Recovery and Reinvestment Act. El Paso was one of only 36 communities in the nation (and the only one in Texas) awarded with a competitive grant for the construction of ‘green’ affordable housing units. Congressman Reyes was scheduled to speak at today’s ceremony but was unable to attend due to ongoing votes in the U.S. House of Representatives

December 10, 2010 - (RealEstateRama) -- Gloria Nilson, REALTORS®, Real Living is pleased to announce that Dick Schlott, Chairman and CEO of Gloria Nilson, REALTORS®, Real Living and RLS, REALTORS®, Real Living, served as one of the panelists for RISMedia’s 15th Annual Power Broker Forum during the recent REALTORS® Conference & Expo in New Orleans.

December 10, 2010 - (RealEstateRama) -- Two mortgage brokers and one real estate appraiser were indicted yesterday in federal court in St. Paul for allegedly orchestrating a mortgage fraud scheme in which they induced lenders to loan more than $1 million to purchasers to buy properties at inflated prices. The excess money was then shared among those involved in the scheme.

Des Moines, IA - December 10, 2010 - (RealEstateRama) -- The Iowa Finance Authority (IFA) Board of Directors recently approved a $50,000 grant to support the construction of a home to be built in Knoxville by Habitat for Humanity of Marion County. The funding is made available through the State Housing Trust Fund’s Project-Based program. The program provides financing for the development of affordable single-family and multifamily housing units.

EUGENE, OR - December 10, 2010 - (RealEstateRama) -- A custom IDX solution is now available on the Denver, Colorado real estate website of Carl Borrmann. Thanks in part to the revolutionary IDX, Inc. technology, thousands of Metrolist Denver MLS (MTOMLS) listings are seamlessly integrated onto the search page Borrmann represents. With IDX Broker software, Borrmann can utilize a dynamic set of search functions online, in an effort to supply his clients with a comprehensive and complete property search conveniently on his website.

EUGENE, OR - December 10, 2010 - (RealEstateRama) -- oday, IDX, Inc. welcomes Robert Gholl to the growing network of real estate agents and brokers updating their realty websites with the easy-to-use and efficient IDX Broker software. By adding a customizable IDX solution to his website Gholl has solidified his devotion and dedication to serving his clients and their real estate needs. With IDX Broker, searching for a home online has never been easier, thanks to their innovative search capabilities. Gholl has forever changed the way home seekers in and around Washington DC and southern Maryland search for properties online.

PELLA, IA - December 10, 2010 - (RealEstateRama) -- As builders, remodelers, contractors, architects and students prepare for a new year – predicted to be challenging for the housing industry – Pella Corporation wants to help them "Go for it!"

SEATTLE, WA - December 10, 2010 - (RealEstateRama) -- Luxury Real Estate announced today its expansion with Richard Provost of Luxury Financial Solutions. Having begun his career in the mortgage industry, Provost continued onward to provide financing for Resorts such as the Ritz-Carlton and Trump Tower.

December 10, 2010 - (RealEstateRama) -- USAA Real Estate Company recently acquired the fully entitled 1900 Wilson site from ZOM, Inc. for the development of an urban transit-oriented property located within the Courthouse District of Arlington, Virginia. ZOM has been engaged in the capacity of development manager to oversee the development, construction and lease up.

Washington, D.C. - December 10, 2010 - (RealEstateRama) -- Ken L. Ross, FAIA, FACHA, joined the American Institute of Architects (AIA) in the newly created position of Vice President, Design and Practice. Mr. Ross, who recently retired as Senior Principal and former President of WHR Architects, Inc., a 170-person Houston-based full service architecture, interior design and technology planning firm, will serve in this position on an interim basis