Monthly Archives: May 2011

BURLINGTON VT - May 31, 2011 - (RealEstateRama) -- Vermont Housing Finance Agency (VHFA) Executive Director Sarah Carpenter announced Jacklyn Santerre of Colchester has been promoted from Assistant Director of Homeownership Programs to Director of Home...

New York, NY - May 31, 2011 - (RealEstateRama) -- To make it easier for property owners to assess, fund, implement and measure energy efficiency opportunities that can improve their buildings’ performance and bottom line, the New York State Energy Research and Development Authority (NYSERDA) has integrated its portfolio of programs and incentives for multifamily buildings, including condominiums and co-ops

KENOSHA, WI - May 31, 2011 - (RealEstateRama) -- Attorney General J.B. Van Hollen announces that his office has obtained a judgment against Jerry L. Wanty in Kenosha County, the owner and operator of the Colonial View Apartments at 337-339 Holy Hill Road, Town of Randall, Kenosha County. Mr. Wanty owns and operates the apartments, including a community water system serving at least 25 people living in 16 apartments.

DENVER, CO - May 31, 2011 - (RealEstateRama) -- Andi Leahey and Deviree Vallejo, leading real estate professionals with Kentwood City Properties, are co-sponsoring an inaugural fundraising event to benefit Freedom Service Dogs. The “Ladies, Lads ...

Washington, DC - May 31, 2011 - (RealEstateRama) -- Seventeen local and state Realtor® associations have been awarded over $60,000 through the Housing Opportunity Program Grants, a National Association of Realtors® grant program. The funds will be used by the associations to promote and expand affordable housing opportunities in their communities.

WASHINGTON, DC - May 31, 2011 - (RealEstateRama) -- Financial and nonprofit veteran Kenny Emson has been named Senior Vice President of Finance and Administration for the National Multi Housing Council (NMHC). As a member of the Council’s senior leadership team, Emson will oversee the organization’s financial and administrative operations and will participate in the strategic planning process.

Torrance, CA - May 31, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest commercial real estate firms in the country, has hired Matthew Schoch as a sales associate at its Michigan office. In his new role, Schoch will bring his expertise in tenant mix strategies and marketing to Lee & Associates Michigan.

WASHINGTON, DC - May 31, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced that USA4SALE Network, Inc., has agreed to pay $15,000 to settle claims that it violated the Fair Housing Act when it posted ads on its Web sites that discriminated against families with children. In addition, the company has also agreed to change the way its Web sites filter discriminatory language.

WASHINGTON, DC - May 31, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced Green Refinance Plus, a program between HUD’s Federal Housing Administration (FHA) and Fannie Mae to allow owners of existing affordable rental housing properties to refinance into new mortgages that include funding for energy- and water-saving upgrades, along with other needed property renovations.

Claremont, CA - May 31, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, recently sold a 16,496-square-feet office space located at 358-398 W Foothill Blvd, Claremont, Calif. The transaction is valued at $4 million.

MILFORD, CT - May 31, 2011 - (RealEstateRama) -- TMS Funding, the wholesale residential lending channel of Total Mortgage Services, LLC, announced today the hiring of five additional Wholesale Account Executives, with 72 years of combined experience in developing new business relationships and supporting high quality mortgage brokers. These new hires increase the number of Wholesale Account Executives at TMS Funding to 12, servicing 10 states.

MILFORD, CT - May 31, 2011 - (RealEstateRama) -- TMS Funding, the wholesale residential lending channel of Total Mortgage Services, LLC, announced today the hiring of five additional Wholesale Account Executives, with 72 years of combined experience in developing new business relationships and supporting high quality mortgage brokers. These new hires increase the number of Wholesale Account Executives at TMS Funding to 12, servicing 10 states.

Concord, MA - May 31, 2011 - (RealEstateRama) -- Barrett & Company Real Estate has expanded their mobile MLS IDX reach with the addition of a complimentary, custom Massachusetts Real Estate App for the iPad & iPhone. With Verizon's launch of the iPhone, Apple’s recent launch of iPad 2, and over 10 million iPads sold in 2010, Executive Director of Business Development, Jacob Clayton recognized the need to provide Barrett clients with an innovative new mobile IDX real estate search tool.

WASHINGTON, DC - May 31, 2011 - (RealEstateRama) -- Business Solutions, a subsidiary of the American Bankers Association, and Freddie Mac today announced plans to help community banks compete in the purchase money mortgage market and help fuel the nation's housing recovery by extending their 9-year old alliance.

Northbrook, IL - May 31, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Save-A-Lot property located at 63rd and South Calumet Avenue in Chicago for $2,290,000. The 16,290 square foot building is fully leased to Save-A-Lot on a long term basis.

EUGENE, OR - May 31, 2011 - (RealEstateRama) -- Nick Porter and IDX, Inc. have teamed up to revolutionize the online real estate search for Sarasota, Florida area home seekers. By adopting the innovative IDX Broker software for his website, Porter has created a dynamic and comprehensive search page, which extracts raw listing data directly from the Mid-Florida Regional MLS (MFRMLS). These listings are seamlessly integrated and made available for potential buyers to search through at their convenience. Porter, and his IDX solution, has forever changed the way Florida buyers scan the MFRMLS database for homes.

EUGENE, OR - May 31, 2011 - (RealEstateRama) -- Cheryl Grant and IDX, Inc. have joined forces to bring thousands of Grand Rapids, Michigan property listings instantly to online property seekers. Adopting IDX Broker software allows Grant to sync her search page to the Southwest Michigan MLS (SWMRIC) database of listings, giving her clients a comprehensive list of all area properties on the market. The IDX solution Grant has customized to meet her real estate needs seamlessly integrates thousands of local listings, making it so easy for potential Michigan buyers to find the home of their dreams online

PHILADELPHIA, PA - May 31, 2011 - (RealEstateRama) -- Kirk H. Kirby, 40, of Capital Heights, Maryland, and Sholonda Y. Johnson, 39, of Philadelphia, were sentenced today to 60 months and 30 months in prison, respectively, in connection with a real estate investment scheme, announced United States Attorney Zane David Memeger. Kirby and Johnson pleaded guilty to three counts each of wire fraud in connection with a real estate investment scheme that caused millions of dollars in losses to lenders. Kirby owned and operated Invictus Financial Group ("IFG"), located in Havertown, PA. Johnson was a loan officer at various mortgage brokerage companies.

May 31, 2011 - (RealEstateRama) -- Adam "Ad-Rock" Horovitz of the Beastie Boys served as host and DJ for the Children's Museum of the Arts’ Family Benefit and Concert on Sunday, May 22, at Webster Hall, 125 East 11th Street, in Manhattan.

May 31, 2011 - (RealEstateRama) -- With the arrival of summer finally upon us, The City of Springfield will, once again, team up with Daniel J. Flynn & Co., of Quincy, to hold its second auction of 2011. The portfolio for this auction includes twenty-seven (27) properties in tax-title possession and is scheduled for Tuesday, June 21, 2011. Registration begins at 5:00 P.M., and the auction will begin promptly at 6:00 P.M. The ballroom-style Auction will be conducted at Springfield City Hall located at 36 Court Street, Springfield, MA.

May 31, 2011 - (RealEstateRama) -- MHDC Chairman Jeffrey S. Bay convened a special meeting on Thursday, May 26, at which the Board of Commissioners approved a proposal to provide housing to Missouri residents who were displaced as a result of recent disasters. The Board unanimously agreed to provide immediate shelter for people who are homeless and to provide assistance to those in imminent danger of becoming homeless

Las Vegas, NV - May 31, 2011 - (RealEstateRama) -- Shanta Patton of Realty ONE Group in Las Vegas has earned the prestigious Certified Distressed Property Expert® (CDPE) designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales. At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education amassed by Patton will help benefit Las Vegas/Henderson area residents and communities.

WASHINGTON, DC - May 31, 2011 - (RealEstateRama) -- The “new normal” favors more renting, which requires new thinking about our housing policy, according to speakers at the National Multi Housing Council’s (NMHC) Mid-Year Apartment Strategies/Finance Conference and Board of Directors meeting held this week in Palm Beach, FL.

SAN FRANCISCO, CA - May 31, 2011 - (RealEstateRama) -- PCCP, LLC has announced that it has partnered with Principal Real Estate Investors, the fourth largest institutional real estate manager in the United States, to acquire a 253,769 square foot class A office building located at 705 5th Avenue South in Seattle. The property is located within the Pioneer Square submarket, which is situated just south of the Seattle CBD, and is 98 percent vacant. The joint venture acquired the property from a private owner in an off market transaction.

AUSTIN, TX - May 27, 2011 - (RealEstateRama) -- The Texas House of Representatives passed HB 2761 which requires Texas Home Owners Associations to operate openly. Under HB 2761, HOAs may no longer foreclose on an assessment lien if the debt consists solely of fines assessed by the association, attorney's fees incurred by the association solely associated with fines assessed by the association or amounts added to the owner's account for open record requests.

May 27, 2011 - (RealEstateRama) -- Former Treasure Valley residents Shane M. Hymas and Laurie Kreschelle Hymas, both age 32, now of American Fork, Utah, were sentenced today in district court in Boise for bank fraud, announced U.S. Attorney Wendy J. Olson.

WASHINGTON, D.C. - May 27, 2011 - (RealEstateRama) -- The latest National Delinquency Survey issued by the Mortgage Bankers Association for the first quarter shows late mortgage payments and foreclosure starts have been dropping since the end of 2009. However, when you view the bigger picture, the housing market remains shaky, with millions of homeowners still at risk of losing their home.

SACRAMENTO, CA - May 27, 2011 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that United States District Judge Morrison C. England, Jr. sentenced Ralondria Stafford, 37, of San Francisco, and Necole Ward, 32, of Las Vegas, (both formerly of Vallejo, Calif.) for their roles in a mortgage fraud scheme carried out in Vallejo between 2005 and 2006. Judge England sentenced Stafford to 21 months in prison and Ward to 12 months and a day in prison. The prison sentences are to be followed by three years of supervised release and both defendants were ordered to pay $200,000 in restitution. Stafford and Ward pleaded guilty on June 10, 2010.

LOS ANGELES, CA - May 27, 2011 - (RealEstateRama) -- Attorney General Kamala D. Harris announced she has subpoenaed Lender Processing Services, Inc. (LPS), as part of her continuing probe into "robosigning" of mortgage documents and other illegal activities in the mortgage servicing industry, especially misconduct affecting borrowers facing, or in the midst of, foreclosure

EAST RUTHERFORD, N.J. - May 27, 2011 - (RealEstateRama) -- Cushman & Wakefield’s first quarter statistics for the U.S. industrial market show leasing activity in New Jersey increased in the first three months of 2011, as the U.S. market continued towards recovery.