Monthly Archives: February 2011

WASHINGTON, DC - February 28, 2011 - (RealEstateRama) -- Fannie Mae's latest national housing survey finds that Americans are more confident about the stability of home prices than they were at the beginning of 2010, even though they lack confidence in the strength of the economy:

EUGENE, OR - February 28, 2011 - (RealEstateRama) -- Matthew Brisch of Howes & Jefferies Realtors has adopted a customized IDX solution from IDX, Inc. for his professional real estate website. As a member of the Clinton MLS (CLIN), Brisch has long has access to the immense database of property listings CLIN hosts. Now, clients of Brisch and potential buyers utilizing the innovative IDX solution he employs can experience an unprecedented level of access to CLIN listings conveniently from the Howes and Jefferies search page. The online property search in Clinton, Iowa has been revolutionized by IDX Broker and Matthew Brisch.

Washington, DC - February 28, 2011 - (RealEstateRama) -- Pending home sales eased moderately in January for the second straight month, but remain 20.6 percent above the cyclical low last June, according to the National Association of Realtors

February 28, 2011 - (RealEstateRama) -- A home and its interior are vital for maintaining a comforting and relaxing atmosphere. Home Remodeling can be a simple do it yourself job or may require the expertise of interior designers and handymen. However with the recent rise of websites such as hire-a-contractor-now.com home owners can easily purchase detailed project plans and designs from the website itself. These plans include steps and information about the items that will be required. Home remodeling can be a simple or complex task depending on the type of equipment and funding available.

RICHMOND, VA - February 25, 2011 - (RealEstateRama) -- The Virginia Real Estate Appraiser Board revoked the license of a licensed residential appraiser at its meeting Tuesday, February 23, 2011. Below is a summary of the Board’s action.

Reston, Virginia - February 25, 2011 - (RealEstateRama) -- The Superior Court of New Hampshire in Cheshire County on February 14, 2011 affirmed the legality of MERS’ role as a nominee for lenders.

LOUISVILLE, KY - February 25, 2011 - (RealEstateRama) -- David J. Hale, United States Attorney for the Western District of Kentucky, announced today that a federal grand jury in Louisville returned a superseding indictment against six Kentuckiana men charging them with one count of engaging in a conspiracy to commit bank and wire fraud by intentionally devising a scheme to defraud various banks and mortgage lenders by submitting fraudulent mortgage loan information in the purchase of 19 properties in Louisville, Kentucky and Jeffersonville, Indiana totaling nearly $5 million dollars.

Washington, D.C. - February 25, 2011 - (RealEstateRama) -- Small businesses facing maturity of commercial mortgages or balloon payments before Dec. 31, 2012, may be able to refinance their mortgage debt with a Small Business Administration (SBA) loan through a new program that begins Monday, Feb. 28.The program, authorized under the Small Business Jobs Act, will be in effect through Sept. 27, 2012

Washington, DC - February 25, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, released the following statement today after Republicans on the Committee announced their intention to defund foreclosure prevention programs

Washington, DC - February 25, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, issued the following statement today after reports of a deal between the Obama Administration and mortgage servicers to settle systemic fraud issues in the servicing and foreclosure industry

SAN MATEO, CA - February 25, 2011 - (RealEstateRama) -- Congresswoman Jackie Speier (D-San Francisco/San Mateo) today announced that the Small Business Administration is offering a program that will help small businesses facing maturity of commercial loans or balloon payments refinance their mortgage debt

WASHINGTON, DC - February 25, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) recently issued guidance making it clear that residents who are denied or evicted from housing as a result of domestic violence may have basis to file a discrimination complaint with HUD under the federal Fair Housing Act. HUD's guidance states that while the Violence Against Women Act (VAWA) provides some protections to victims of abuse who experience housing discrimination, the Fair Housing Act provides authority for HUD to investigate whether the denial or eviction violates the Act based on gender or another federally-protected basis

New York, NY - February 25, 2011 - (RealEstateRama) -- The Furman Center for Real Estate and Urban Policy’s Quarterly Housing Update analyzes six key indicators of housing market performance, based on a variety of administrative data sources

COLUMBIA, MD - February 25, 2011 - (RealEstateRama) -- Enterprise Community Investment, Inc. (Enterprise), a national leader in community development and affordable housing, today secured $62 million in New Markets Tax Credit (NMTC) allocation from the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund). Enterprise is one of 99 Community Development Entities receiving an allocation of the $3.5 billion in NMTC awarded as part of the Tax Relief, Unemployment Insurance Authorization and Job Creation Act of 2010. This new allocation brings Enterprise’s total NMTC awards to $672 million, $595.5 million of which has previously been invested in low-income communities nationwide, making it one of the largest allocatees of NMTCs in the country

Detroit, MI - February 25, 2011 - (RealEstateRama) -- Based on the incredible unconscionable facts and events you will read below, Quicken Loans will certainly appeal this gross miscarriage of justice as well as ask federal authorities to conduct an investigation into all of the persons and parties in the state of West Virginia whose inexplicable actions have resulted in the irrational and incomprehensible result that will most assuredly be overturned

EUGENE, OR - February 25, 2011 - (RealEstateRama) -- The premier IDX technology, IDX Broker software, has seamlessly integrated thousands of Oahu, Hawaii properties onto the professional website of Broker Karla Casey. Hawaii Central MLS (Honolulu) listings are easily accessible to home seekers with multiple search tools that makes the search page Casey hosts efficient and effective. Karla Casey has truly revolutionized the online property search experience for her clients, potential buyers and even herself.

EUGENE, OR - February 25, 2011 - (RealEstateRama) -- Omni Real Estate, IDX, Inc. and Realtor Philip Mervis have teamed up to bring home seekers in Breckenridge, Colorado an innovative online property search. With his customized IDX solution, Mervis has...

LAGUNA HILLS, CA - February 25, 2011 - (RealEstateRama) -- The California Association of Community Managers (CACMSM) has announced a new board of directors for 2011. The board oversees the statewide organization’s programs and activities, monitors legal and legislative issues, and upholds CACM’s code of ethics and standards of practice. Comprised of professional community managers representing nine regions from California, the group also advises CACM on its educational and certification program for community association managers.

CHARLOTTE, N.C. - February 25, 2011 - (RealEstateRama) -- … Crescent Resources, LLC hired Charlotte real estate attorney Nina Shor to serve as general counsel and create the company’s in-house legal department. Shor brings more than 25 years of experience to the new post

EUGENE, OR - February 25, 2011 - (RealEstateRama) -- IDX, Inc. and Douglas Cross are pleased to announce the addition of an innovative IDX solution to the Paragon Equity Partners website. IDX Broker software extracts raw listing data directly from the Regional Multiple Listing Services (RMLS) and displays it on the search function Cross hosts. Portland, Oregon home seekers can now experience a truly unique online property search with more dynamic tools than have ever been available to real estate agents and brokers to customize their professional website

MELVILLE, NY - February 25, 2011 - (RealEstateRama) -- Jones Lang LaSalle has hired four seasoned real estate professionals who will be based out of the firm’s Long Island office. Reid Berch, Thomas DiMicelli and Douglas Omstrom will join the company as senior vice presidents and Joseph Lagano II will join as an associate. They will provide a wide range of industrial real estate services — including property sales, tenant representation and agency leasing — throughout Nassau and Suffock counties, and in Queens

West Hartford, CT - February 25, 2011 - (RealEstateRama) — The Connecticut Real Estate Investors Association, or CT REIA, in association with Robyn Thompson is announcing an all-day real estate rehabbing seminar with Robyn Thompson. This event will take place on Saturday March 5, 2011 from 9:00am to 4:30pm, at the Four Points Sheraton, 275 [...]

McLean, VA - February 25, 2011 - (RealEstateRama) -- Freddie Mac (OTC:FMCC) today reported its fourth quarter and full-year 2010 financial results and filed its 2010 annual report on Form 10-K with the U.S. Securities and Exchange Commission.

Washington, DC - February 25, 2011 - (RealEstateRama) — A stabilization trend is taking place in commercial real estate sectors, but in most markets rent will remain soft except for multifamily rentals, according to the National Association of Realtors®.

Torrance, CA - February 25, 2011 - (RealEstateRama) -- Solarsilicon Recycling Services LLC (SRS) has acquired a 90,000-square-foot industrial building in Ventura, Calif. in an expansion that will keep the company in Ventura County, open new outlets for its products and services, increase its workforce and establish an incubator for a new manufacturing process that promises to revolutionize the industry, according to Mike Tingus, president of Lee & Associates-LA North/Ventura, Inc., who represented SRS in the transaction.

WASHINGTON, DC - February 24, 2011 - (RealEstateRama) -- Desiree Brown, the former treasurer of a private mortgage lending company, Taylor, Bean & Whitaker (TBW), pleaded guilty today to conspiring to commit bank, wire and securities fraud for her role in a more than $1.9 billion fraud scheme that contributed to the failures of Colonial Bank and TBW.

AUSTIN, TX - February 24, 2011 - (RealEstateRama) -- Representative Stefani Carter (Dallas) has filed legislation that will expand the venues in which incidents of mortgage fraud may be prosecuted. Carter worked with the Attorney General's office to craft House Bill 1343, which will enable cases of mortgage fraud to be prosecuted in multiple venues in an effort to alleviate the burden that high case loads are placing on our courts

February 24, 2011 - (RealEstateRama) -- General Treasurer Gina M. Raimondo today announced that the state’s annual Unclaimed Property list has been produced under budget this year. The list of 21,000 names, with total claims worth about $9.7 million, is also reaching Rhode Islanders earlier than in past years

SPRING VALLEY, NY - February 24, 2011 - (RealEstateRama) -- Continuing a comprehensive urban renewal plan to revitalize downtown Spring Valley, Village, County, Town and State officials today joined with representatives of CPC Resources, Inc. and Rockland Housing Action Coalition to celebrate the groundbreaking of a multi-use development featuring affordable housing and commercial space in downtown Spring Valley.

February 24, 2011 - (RealEstateRama) -- Congressman Gerry Connolly said he is outraged that the House Republican budget cuts passed at 5 am Saturday morning includes the termination of a small but critical program that addresses the urgent nature of homelessness among America’s veterans. Connolly joined other House Democrats and several Republican Congressmen in voting against the House GOP’s Continuing Resolution that makes massive cuts in funding for the federal government until September 30, 2011.