Monthly Archives: March 2011

MOUNT CLEMENS, MI - March 4, 2011 - (RealEstateRama) -- Macomb County Executive Mark Hackel announced today that a popular housing rehabilitation program is back in operation after a brief hiatus.

Washington, DC - March 4, 2011 - (RealEstateRama) -- As the nation’s foreclosure crisis continues, Congressman John Tierney (MA-06) yesterday joined a select group of his congressional colleagues at a meeting with Treasury Secretary Timothy Geithner and Secretary of Housing and Urban Development Shaun Donovan to demand answers for the Administration’s failure to assist homeowners facing foreclosure through the plagued federal Making Home Affordable Modification Program (HAMP).

Alexandria, VA - March 4, 2011 - (RealEstateRama) -- An analysis in the March issue of the ABI Journal found that several bankruptcy courts are dealing with the foreclosure crisis through the adoption of loss-mitigation programs (LMPs). As Congress examines a possible repeal of the Home Affordable Modification Program (HAMP) due to ineffectiveness in modifying mortgages, John Rao of the National Consumer Law Center Inc. in Boston writes that several bankruptcy courts have provided a useful solution through the adoption of LMPs.

CHICAGO, IL - March 4, 2011 - (RealEstateRama) -- With spring around the corner, it’s an ideal time for first-time homebuyers and Veterans to take advantage of a statewide affordable loan program available through the Illinois Housing Development Authority (IHDA). SmartMove loan programs enable residents across the state to benefit from historically low interest rates and home prices. SmartMove features down payment assistance and interest rates as low as 4.5 percent

WASHINGTON, DC - March 4, 2011 - (RealEstateRama) -- In conjunction with National Consumer Protection Week (NCPW), March 6-12, NeighborWorks America, The Lawyers Committee for Civil Rights Under Law, HOPE Now, Fannie Mae, Freddie Mac and a coalition of national government agencies, nonprofit organizations and financial institutions are empowering homeowners to combat loan modification scams.

EUGENE, OR - March 4, 2011 - (RealEstateRama) -- Las Vegas real estate professional Don Kuhl has adopted an IDX solution for his real estate website and can now simply and efficiently display thousands of listings on his search page. His custom IDX solution now draws listing data from the Greater Las Vegas (GLVAR) database and integrates it directly onto The Kuhl Group search pages. Home seekers gain the benefit of being able to explore the listings without ever leaving the convenience of the search capabilities Kuhl hosts.

EUGENE, OR - March 4, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to announce IDX Broker software has been enabled on the professional real estate website of Hilton & Hyland, Christies Great Estates Broker David Kramer. By adopting a customizable IDX solution, Kramer has synced his website to the California Real Estate Technology Services (CARETS) database, extracting raw listing data and seamlessly integrating it onto the search page he hosts. With IDX Broker software, Kramer has created a dynamic online property search for his clients and other Southern California luxury home seekers.

EUGENE, OR - March 4, 2011 - (RealEstateRama) -- IDX, Inc. welcomes Janice Bolton of Bolton Realty to the growing network of agents and brokers that have adopted an IDX solution for their professional real estate search pages. As a member of the Natchitoches MLS (NMLS), Bolton has long had access to the detailed property listings NMLS supplies to real estate professionals. Now, potential buyers can experience the same level of accessibility to the NMLS database by utilizing the IDX-enabled search tools Bolton hosts online.

BLUE BELL, PA - March 4, 2011 - (RealEstateRama) -- With minimum bids starting at just $75,000, 36 two- and three-bedroom condominiums in Blue Bell, Pa., that had previously been on the market for as much as $301,400 are set to go on the auction block in April.

NEW YORK, NY - March 4, 2011 - (RealEstateRama) -- The U.S. Department of Labor has taken legal action to seek debarment of Lettire Construction Corp., a New York City general contractor, and Nicholas Lettire, president of the company, from working on future federally funded contracts for a period of three years.

TOWN OF WALLKILL, N.Y. - March 4, 2011 - (RealEstateRama) -- Less than 25 homes remain available at Woodside Knolls, giving interested buyers limited opportunity to become a part of Orange County’s fastest-selling new residential community

LOPATCONG, N.J. - March 3, 2011 - (RealEstateRama) -- Homebuyers are expressing great interest in the “Immediate Occupancy” homes available at Belview Estates, the intimate collection of upscale single-family residences in Warren County’s Lopatcong Township.

CLIFTON, N.J. - March 3, 2011 - (RealEstateRama) -- 2010 proved to be the most successful year on record for the Cure Breast Cancer Foundation, which recorded the highest fundraising totals in its history

Las Vegas, NV - March 3, 2011 - (RealEstateRama) -- The Ballen Group, a local team of award winning short sale agents in Nevada, who have been specializing in Nevada Short Sales for several years now, have completed a very difficult Las Vegas Short Sale with Chase Bank for the property on Fine Fern in Silverado Ranch. The Bank took a short payoff as the property sold for $84,900 and was originally purchased for over $200,000. The entire process took 92 days from listing to close although The Ballen Group notes that short sales vary on time with each bank, buyer, and seller

New York, NY - March 3, 2011 - (RealEstateRama) -- As the last finishing touches are being put in place, 208 West 96th Street, the Upper West Side’s newest contemporary boutique condominium, officially launches sales this week. This milestone marks a new and exciting sales phase for Halstead Property Development Marketing, LLC, the exclusive selling agent, who is poised to introduce the building, featuring modern architecture and meticulously thought out floor plans with a distinctive metal façade and is comprised of nine move-in ready three-bedroom, three-bath full floor homes.

CALABASAS, CA - March 3, 2011 - (RealEstateRama) -- Lee & Associates-LA North/Ventura, Inc., a full-service brokerage and member of the Lee & Associates group of companies, has elevated Scott Linklater to Principal status.

CALABASAS, CA - March 3, 2011 - (RealEstateRama) -- Lee & Associates-LA North/Ventura, Inc., a full-service brokerage and member of the Lee & Associates group of companies, has elevated Grant Fulkerson to Principal status

WASHINGTON, DC - March 3, 2011 - (RealEstateRama) -- Rep. Carolyn Maloney (D-NY) today introduced an amendment to H.R. 830, "FHA Refinance Program Termination Act", sponsored by Rep Robert J. Dold (R-IL), to require 500,000 additional underwater mortgages be refinanced by the Federal Housing Administration before the refinance program is terminated. Maloney made the following statement in introducing the amendment today in a markup on the bill before the House Financial Services Committee:

March 3, 2011 - (RealEstateRama) -- Doug Lasher, Clark County Treasurer, announced that first-half 2011 property statements have been mailed. Property statements include property tax levy amounts and special assessments. There were 108,796 statements mailed. “Taxpayers whose taxes and assessments are not paid through a mortgage company and have not received their statement within ten days should visit the web site at www.clark.wa.gov/treasurer or call the Treasurer’s Office at (360) 397-2252.” Taxpayers are responsible for paying their first-half property taxes by Monday, May 2, in order to avoid interest and penalties.”

Los Angeles, CA - March 3, 2011 - (RealEstateRama) -- The Foursquare Foundation announced today its ground breaking for the construction of a new $10 million richly-appointed Foursquare Senior Living residential community in one of Los Angeles’ most historic neighborhoods, Echo Park. Designed by the architectural firm KTGY Group, Inc., this new eco-friendly, pedestrian- and transit-oriented, 1.24-acre urban in-fill redevelopment project replaces some older housing units with 75 affordable senior apartment homes. Situated directly across from Echo Park, one of the city’s most iconic settings, Parkview Living, A Foursquare Senior Living community, will help mitigate the soaring demand for quality affordable housing to active seniors 62 years of age and over. Parkview Living, A Foursquare Senior Living community will be located across the street from the 88-year-old Angelus Temple, which is home to the Foursquare Church.

March 3, 2011 - (RealEstateRama) -- The city of Pacific, Missouri, in presenting its inaugural Green Awards, honored Patrick Warner of Arapaho Development for “exemplary use of sustainable technology for the conservation of energy and natural resources” in the construction of Millstone Village, Phases I and II, an affordable housing development for seniors in Pacific

WARREN, MI - March 3, 2011 - (RealEstateRama) -- State Senator Steven Bieda (D-Warren) announced today he has made available a taxpayer’s guide to property tax assessment to assist Macomb County residents. The guide, posted on Senator Bieda’s web-site at www.senate.michigan.gov/Bieda, focuses on taxpayer rights and explains the assessment appeals process

March 3, 2011 - (RealEstateRama) -- The Kentucky Public Service Commission (PSC) will conduct a Home Energy Workshop on Thursday, March 10 in Hazard. The workshop will begin at 6 p.m. in the old circuit courtroom at the Perry County Courthouse

Ladera Ranch, CA - March 3, 2011 - (RealEstateRama) -- More than 300 homeowners attended a Foreclosure Prevention Workshop hosted by the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and the Orange County Home Ownership Preservation Collaborative. Rep. Ken Calvert (CA-44) was a special guest at the event, which was held Saturday, February 26, 2011.

EUGENE, OR - March 3, 2011 - (RealEstateRama) -- IDX, Inc. welcomes Kirsten Suss of Eco International Real Estate to the growing group of agents and brokers who have chosen to integrate the dynamic IDX Broker software onto their websites. Suss, a specialist in eco-friendly real estate, has now synced her search page directly to the Mid-Florida Regional MLS (MFRMLS), to bring thousands of detailed property listings to the fingertips of home seekers around Sarasota, Florida

WASHINGTON, D.C. - March 3, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) urges members of the House of Representatives to show their support for homeownership and the mortgage interest deduction by co-sponsoring H. Res. 25."This resolution acknowledges the importance of homeownership to individual households, the economy and the nation," said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. The resolution also states that the mortgage interest deduction "may well be the most important component of housing-related tax policy in America today" and should not be further restricted, he said

Los Angeles, , CA - March 3, 2011 - (RealEstateRama) -- CB Richard Ellis Group Inc. (NYSE:CBG) today announced that CB Richard Ellis has been named the premier global brand in commercial real estate, according to a survey of industry professionals worldwide by The Lipsey Company. CB Richard Ellis has been voted the industry’s top brand for ten consecutive years, ever since Lipsey inaugurated its survey in 2002.

EUGENE, OR - March 3, 2011 - (RealEstateRama) -- Rodney and Sue Duplechain of Holly Realty in Big Sandy, Texas, have adopted the IDX, Inc. sponsored IDX Broker software. Their website now hosts a dynamic IDX solution which extracts raw listing data from the Tyler MLS (GTARMLS) and seamlessly integrates it onto the website the Duplechains support. By pulling hundreds of listings from GTARMLS database, the Duplechains can give their clients and other Dallas area potential buyers the unique ability to quickly and easily find a property without ever leaving the convenient search page IDX Broker and the Duplechains have created.

WASHINGTON, D.C. - March 3, 2011 - (RealEstateRama) -- During the fourth quarter of 2010, commercial and multifamily mortgage delinquency rates remained low for life insurance companies, Fannie Mae and Freddie Mac; fell for banks and thrifts for the first time since the 2006 and rose slightly for loans held in commercial mortgage backed securities (CMBS), according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

EUGENE, OR - March 3, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to announce Shane Nguyen has become the latest real estate professional to join the growing network of agents and brokers that have adopted a customizable IDX solution. As a Las Vegas, Nevada broker, Nguyen has the ability to display and sync thousands of Greater Las Vegas MLS (GLVAR) listings on his website. Potential buyers can now experience an unprecedented level of freedom and search customization by utilizing the immensely helpful tools Nguyen has integrated onto his website