Monthly Archives: January 2011

Washington, DC - January 27, 2011 - (RealEstateRama) -- Pending home sales improved further in December, marking the fifth gain in the past six months, according to the National Association of Realtor

Chicago, IL - January 27, 2011 - (RealEstateRama) -- RE/MAX Key, the Rockford-based real estate brokerage firm established early last year, announced another step in its continued growth by absorbing the agents and operations of The Way Unlimited, another Rockford real estate firm led by Wayne Ahrens. RE/MAX Key, which had five agents when it opened last year, now has 24 agents on staff, 16 in its Rockford office at 5411 E. State St., and eight in its Belvidere office, located at 5995 E. Chrysler Dr. Its management continues to have its eye on additional expansion in the near future, targeting markets both south and east of Rockford.

Los Angeles, CA - January 27, 2011 - (RealEstateRama) -- Disasters may come anytime,without any notice and without the limit of losses. Steve Slepcevic, founded Paramount Disaster Recovery, Inc. in 1989.Steve Slepcevic provides solutions to business owners to minimize their property damage and provide recovery needs at the actual time. Paramount Disaster Recovery, Inc. provides its clients with best solution in the emergency situations. The emergency response service is the most comprehensive package of disaster recovery in the industry, specifically designed to safeguard your property by allocating the Emergency Response Strike Force at reaction time. Steve Slepcevic will subject your disaster recovery plan to our thorough testing and training programs

Torrance, CA - January 27, 2011 - (RealEstateRama) -- The Irvine office of Lee & Associates, the fourth largest full-service commercial brokerage company in the nation, has completed the $6.3 million sale of the Teslaco Building, a 35,000-square-foot office building located at 35 Tesla in Irvine, Calif., to Owen Commercial. The building was a foreclosure sale by GE Capital and was never put on the market. Lee & Associates sold it as an off-market investment.

New York, NY - January 26, 2011 - (RealEstateRama) -- Vince Ferrante, Tucson resident, is a single dad, responsible father and employee, native of Innsbruck, Austria adopted as an infant with his identical twin brother. He’s pretty disillusioned as an American citizen trying to meet his responsibilities because, for one year, he’s been the victim of a financial fraud scheme initiated by Paragon Financial Solutions, LLC

Los Angeles, CA - January 26, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) has announced that Chris Ludeman will join Brian Stoffers as co-president of the firm’s Capital Markets businesses. In his expanded role, Mr. Ludeman will provide client-facing leadership for the company’s office, industrial and retail Investment Properties efforts along with its Institutional Group, Global Property Advisors and Private Client Group activities. Mr. Stoffers will continue to lead CBRE’s Debt and Equity Finance, agency and loan servicing businesses, as well as oversee the multi-housing, hotel/lodging and investment banking practices. Mr. Ludeman will continue as President, Americas Brokerage, overseeing CBRE’s tenant rep and agency leasing business lines

ISSAQUAH, WA - January 26, 2011 - (RealEstateRama) -- Pulte Homes purchased land for the development of 70 townhomes in the sought-after Issaquah Highlands master plan. The homebuilder purchased the land from Port Blakely Communities in late December and plans to begin sales this fall

Raleigh, NC - January 26, 2011 - (RealEstateRama) -- A California foreclosure assistance company is the latest outfit to be banned from offering loan modification and foreclosure assistance services in North Carolina, Attorney General Roy Cooper said today.

Peabody, MA - January 26, 2011 - (RealEstateRama) -- As the Commonwealth deals with another bout of bitter cold temperatures, Congressman John Tierney today announced that Massachusetts is expected to receive an additional $8,672,501 in emergency contingency funding to help seniors and working families around the state heat their homes this winter. In total, the state will receive $182,246,823 in necessary energy assistance between October 2010 and March 4, 2011. These new funds come less than two weeks after Congressman Tierney announced $72,765,243 in LIHEAP funds.

FORT WAYNE, IN - January 26, 2011 - (RealEstateRama) -- Indiana Attorney General Greg Zoeller was in Fort Wayne today with Allen County Superior Court Judge Nancy Boyer to discuss a new foreclosure prevention effort to ensure borrowers' legal rights are fully protected and mortgage lenders follow the law.

TOPEKA, KS - January 26, 2011 - (RealEstateRama) -- Public agencies, non-profits and faith-based organizations are joining efforts to conduct a statewide Point-In-Time Count of Kansas' homeless population on Wednesday, January 26th, 2011. The purpose of the count is to provide a one-day, statistically reliable snapshot of homeless persons in sheltered and unsheltered locations, understand trends in homelessness and comply with reporting requirements from the federal government

January 26, 2011 - (RealEstateRama) -- Human Rights, Iowa Legal Aid, The Boys Club, and North Middle School Students Helping the Homeless. Human Rights VISTAs, Legal Aid, The Boys Club and North Middle School Students have all been hard at work gathering much needed items for the homeless in our community. All have devoted time to increase the awareness and advocacy of homeless by requesting donations of items which will be passed out during the annual Point in Time Count.

WASHINGTON, D.C. - January 26, 2011 - (RealEstateRama) -- In last night’s state of the union address, President Obama called for investment in innovation, education and infrastructure to spur job growth and sustain America’s leadership in the world. He offered a five year freeze on domestic discretionary spending to begin to bring down the federal deficit, but said that we must “make sure that we’re not doing it on the backs of our most vulnerable citizens.”

WASHINGTON, D.C. - January 26, 2011 - (RealEstateRama) -- The House of Representatives today approved H.R. 38, allowing the chair of the House Budget Committee to set nondefense discretionary spending to FY08 levels or lower for FY11. This could result in a spending reduction of more than $60 billion in the current fiscal year, hurting all Americans and disproportionately impacting those in the greatest need.

WASHINGTON, D.C. - January 26, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 21, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 12.0 percent compared with the previous week. The results do not include an adjustment for the Martin Luther King holiday.

McLean, VA - January 26, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today issued the company's Monthly Volume Summary for December 2010. The summary, available on the company’s Web site at www.FreddieMac.com/investors/volsum, provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management and delinquencies. Beginning in January 2011, Freddie Mac began publishing pool-level delinquency disclosures on its single-family PC and Giant PC securities on the company’s Web site, www.FreddieMac.com/mbs. As a result, Tables 9 and 10 are no longer included in the Monthly Volume Summary.

WASHINGTON, D.C. - January 26, 2011 - (RealEstateRama) -- Bob Peterson, president of Associates in Building & Design, Ltd. (ABD) in Ft. Collins, Colo., was appointed 2011 chairman of the National Association of Home Builders (NAHB) Remodelers this month during the International Builders' Show in Orlando, Fla. As chair for the leading professional organization for residential remodeling, Peterson represents the more than 14,000 remodeling industry members of NAHB."I am honored to represent the interests of professional remodelers and look forward to helping our industry take on the challenges we will face this year as we look to a brighter future ahead," said Peterson. "I am proud of our members, who are the most educated and skilled in the industry, running successful businesses and providing quality remodeling services for home owners across the nation.

WASHINGTON, D.C. - January 26, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes rose 17.5 percent to a seasonally adjusted annual rate of 329,000 units in December, according to newly released figures from the U.S. Commerce Department. The big gain, though largely tied to an unexpectedly strong showing in the West, was a welcome boost at the end of a year that had the lowest total number of new-home sales on record (321,000) since the government began keeping track in 1963."After six very tough months, the housing market ended the year on an upbeat, with signs of stabilization beginning to take hold in many markets," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. "That said, the nationwide inventory of new homes for sale is now at its thinnest level in more than 40 years. This is a sign that many builders still cannot obtain the credit they need to meet anticipated improvements in buyer demand in 2011."

EUGENE, OR - January 26, 2011 - (RealEstateRama) -- IDX, Inc. welcomes Portland, Oregon real estate broker Dan Walters to the network of real estate professionals engaging their clients and expanding their business through an online IDX solution. Never before have Regional Multiple Listing Service (RMLS) listings been so accessible or readily available to potential buyers. Thousands of detailed property listings are seamlessly linked to the website Walters hosts, with the IDX technology, which syncs properties directly. Now, home seekers can experience a detailed home search without leaving the convenience of the website of Walters. Portland real estate has changed forever, thanks to the IDX-enabled website of Walters

EUGENE, OR - January 26, 2011 - (RealEstateRama) -- Potential buyers in Davis, California now have a great resource for finding homes online: Jamie Madison and IDX, Inc. The newly IDX enabled website features thousands of Metrolist Sacramento detailed property listings. Madison now hosts countless features on her website, which give her clients and other home seekers the unique ability to scan and customize their property search. With such unique search capabilities, it is no wonder that Madison has enabled her own customizable IDX solution for her professional website.

Torrance, CA - January 26, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has negotiated the sale and acquisition of a 13,452 square-foot lot for $3.4 million. Situated along the California coastline at 1620 Torrey Pines Road in La Jolla, Calif., the REO lot is zoned for residential use and affords ocean views of the La Jolla cove

EUGENE, OR - January 26, 2011 - (RealEstateRama) -- As both a licensed Illinois and Florida Realtor, Bill Fox represents homes in both places, and now his IDX enabled website reflects his bilateral real estate business. The IDX, Inc. solution: IDX Broker software. Fox now hosts a dynamic real estate search page, complete with listings in both states and even an iPhone application. By adding a personalized IDX solution, Fox can integrate Palm Beach Regional MLS (RMLSFL) listings directly onto his search page, giving home seekers in Florida a great experience, while also maintaining his Illinois listings perfectly

Torrance, CA - January 26, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $2.3 million sale on a fully entitled, 1.08-acre parcel of land on N. Vulcan Ave., in Encinitas, Calif.

WASHINGTON, DC - January 25, 2011 - (RealEstateRama) -- Congressman Randy Neugebauer (R-TX) released the following statement today regarding today’s New York Times report on Fannie Mae and Freddie Mac legal defense fees:

Trenton, NJ - January 25, 2011 - (RealEstateRama) -- Governor Chris Christie today conditionally vetoed legislation that fails to reform how affordable housing is provided in New Jersey. The heavily amended legislation falls far short of its original intent by creating a new bureaucracy and continuing and even increasing an unnecessary burden on the State’s municipalities.

WASHINGTON, DC - January 25, 2011 - (RealEstateRama) -- Representative Edward J. Markey (D-Malden), a longtime champion of the Low-Income Home Energy Assistance Program (LIHEAP), and Senator John Kerry (D-Mass.) announced that the Department of Health and Human Services has released an additional $200 million in emergency funding to states for the critical home-heating program. The $200 million in emergency contingency funds released yesterday are in addition to the basic LIHEAP funding made available to states under the continuing resolutions since October 1 totaling $3.9 billion for Fiscal Year 2011. These additional emergency funds bring Massachusetts LIHEAP funding to a total of $182 million.

Dallas, TX - January 25, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) has announced that it will join Rebuilding Together on Thursday, February 3, to help revitalize a dozen homes in need of repair and perform general community clean-up in the Arlington, Texas, neighborhood of Drummond Drive as a sponsor of the nonprofit‘s 16th annual Kickoff to Rebuild charity event.

January 25, 2011 - (RealEstateRama) -- The Montgomery County Department of Environmental Protection (DEP) has streamlined its RainScapes Rewards Rebate Program application by creating a new, online interactive format that is more user-friendly and provides a faster rebate turn-around time. The Rainscapes Program is designed to reduce the effects of stormwater pollution on the County’s streams and waterways

Anderson, IN - January 25, 2011 - (RealEstateRama) -- Deputy Attorney General Abigail Kuzma will be at the Anderson Public Library in January to hold a free settlement conference preparation seminar that is open to the public. Homeowners who are looking for information on foreclosure prevention and professionals in the housing industry including counselors, and realtors are invited and encouraged to attend.

TAVARES, FL - January 25, 2011 - (RealEstateRama) -- The Lake County Department of Public Safety would like to remind all County residents about the importance of having a battery-powered, tone-alert NOAA weather radio in their homes for severe weather events.