Laws & Taxes

Laws & Taxes

Nixon Peabody Elects 13 Attorneys to Partnership; Female Partners Make Up More than 60%...

Boston, MA - January 15, 2012 - (RealEstateRama) -- Nixon Peabody LLP will promote 13 attorneys, including eight female lawyers, to its partnership effective February 1, 2013.

Nixon Peabody Elects 13 Attorneys to Partnership; Female Partners Make Up More than 60%...

Boston, MA - January 14, 2012 - (RealEstateRama) -- Nixon Peabody LLP will promote 13 attorneys, including eight female lawyers, to its partnership effective February 1, 2013.

Short Sale in 2013 To Avoid a Large Tax Bill

Las Vegas, NV - January 14, 2012 - (RealEstateRama) -- As part of the fiscal cliff deal, the Mortgage Debt Forgiveness Act of 2007 has been extended for one more year and will now expire on December 31, 2013. The relief act's extension was seen as vita...

Gov. Brownback: Courts drastically increase property taxes on Kansans

Topeka, KS - January 14, 2012 - (RealEstateRama) -- Kansas Governor Sam Brownback issued the following statement regarding Friday's school finance ruling by the Shawnee County District Court.

Foxx Statement on H.R. 41

Washington, D.C. - January 08, 2012 - (RealEstateRama) -- Congresswoman Virginia Foxx, R-NC, today issued the following statement regarding her vote against H.R. 41, legislation that would increase federal deficit spending by granting additional borro...

HUD sets 2013 Rent & Income Limits for Section 8 and Low-Income Housing Tax...

WASHINGTON, D.C. - January 08, 2012 - (RealEstateRama) -- The Housing and Economic Recovery Act (HERA) of 2008 made statutory changes to how income limits are calculated for LIHTC and bond-financed properties. HERA protected owners from rent decreas...

CONSTRUCTION SECTOR ADDS 30,000 JOBS BETWEEN NOVEMBER AND DECEMBER AS INDUSTRY’S UNEMPLOYMENT RATE HITS...

WASHINGTON, D.C. - January 04, 2012 - (RealEstateRama) -- Construction employers added 30,000 jobs in December while the industry's unemployment rate hit 13.5 percent, according to an analysis of new federal data released today by the Associated Genera...

National Alliance to End Homelessness Analyzes H.R. 8

January 04, 2012 - (RealEstateRama) -- While portions of the fiscal cliff were averted, the bill failed to replace the across-the-board cuts to domestic and defense spending, known as sequestration, with alternative deficit reduction measures. The deal...

NORTH DAKOTA HOUSING INCENTIVE FUND CAPITALIZED

BISMARCK - January 03, 2012 - (RealEstateRama) -- The Industrial Commission of North Dakota has reported that more than 600 private investors have successfully capitalized the $15 million state Housing Incentive Fund (HIF).

H.R. 4212 Protects Homeowners and Their Families from Dangerous Chinese Drywall

Washington, D.C. - January 02, 2012 - (RealEstateRama) -- Congressman Mario Diaz-Balart (R-FL) released the following statement in response to the passage of H.R. 4212, Drywall Safety Act of 2012.

Attorney General Bondi’s Statement on Tax Relief Extension for Distressed Homeowners

TALLAHASSEE, FL - January 02, 2012 - (RealEstateRama) -- Attorney General Pam Bondi issued the following statement on Congress’ one-year tax relief extension for consumers who have mortgage debt canceled or forgiven due to financial hardship or a dec...

Lawyers’ Committee Files Suit on Behalf of Distressed Homeowners who Lost Thousands to Alleged...

New York, NY - December 21, 2012 - (RealEstateRama) -- The Lawyers' Committee for Civil Rights Under Law (Lawyers' Committee) and pro bono counsel McDermott Will & Emery LLP (McDermott) filed a lawsuit, Culliver et al. v. Alarcon Law Group, P.C. et...

Eligible County Homeowners Encouraged to Apply for Maryland’s Homestead Tax Credit by December 31

December 20, 2012 - (RealEstateRama) -- Montgomery County homeowners who are eligible for Maryland’s Homestead Property Tax Credit must submit a one-time application with the Maryland State Department of Assessments and Taxation (SDAT) by December 31...

New York Fed Study Examines Manhattan Housing Market

New York, NY - December 18, 2012 - (RealEstateRama) -- While New York City rents have rebounded in the past couple of years, renting still appears to offer a better financial value than buying in the Manhattan housing market, according to a recent stud...

Statement from Chief Financial Officer Jeff Atwater Regarding the Federal Housing Finance Authority’s Proposed...

TALLAHASSEE, FL - December 12, 2012 - (RealEstateRama) -- Florida Chief Financial Officer Jeff Atwater released the following statement regarding his public comments to the Federal Housing Finance Authority regarding the proposed tax on Floridians. The...

Statement by Senator Dean Skelos on Reelection as Senate Republican Leader

December 12, 2012 - (RealEstateRama) -- I am honored that the members of our Senate Republican Conference have voted unanimously today to reelect me as their leader. I appreciate their support and confidence, and look forward to being a strong voice f...

JOHNSON STATEMENT ON RENTAL HOUSING ASSISTANCE HEARING

WASHINGTON, DC - December 12, 2012 - (RealEstateRama) -- Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing on the Department of Housing and Urban Development’s rental housing assistance programs. The Committee heard from HUD ...

County holds line on all property taxes, approves budget for 2013-2014

Vancouver, WA - December 6, 2012 - (RealEstateRama) -- The Board of County Commissioners today approved a balanced budget for 2013 and 2014 following public hearings that began Monday, as required by law.

Grimm-Meeks Bill Becomes Law, Signed by President Obama

WASHINGTON, D.C. - November 29, 2012 - (RealEstateRama) -- Yesterday, President Barack Obama signed into law H.R. 2606, the New York Natural Gas Supply Enhancement Act sponsored by Congressman Michael Grimm and Congressman Gregory W. Meeks. The bill a...

Texas Law Firm, Murray LLP, Agrees to End its Controversial Services to 5,222 West...

CHARLESTON - November 29, 2012 - (RealEstateRama) -- Attorney General Darrell McGraw announced today that Murray LLP, a Texas law firm, agreed to permanently discontinue offering a service to West Virginia foreclosure victims that a lawsuit filed by Mc...

Congress Should Extend Tax Relief for Distressed Mortgage Holders

WASHINGTON, D.C. - November 29, 2012 - (RealEstateRama) -- The Center for Responsible Lending and the Financial Services Roundtable today asked Congress to extend the Mortgage Forgiveness Debt Relief Act, which is set to expire at year’s end. “This...

Lt. Governor, lawmakers offer plan to reform personal property tax

LANSING, MI - November 28, 2012 - (RealEstateRama) -- A plan to keep Michigan's economy driving forward by reforming the burdensome personal property tax was outlined today by Lt. Gov. Brian Calley, Senate Majority Leader Randy Richardville and House S...

State Properties Commission Releases Request for Proposal for Multi-Year Lease Agreements

November 27, 2012 - (RealEstateRama) -- On election day, the citizens of Georgia approved ballot question #2, allowing the State Properties Commission to enter into multi-year lease agreements. This proposal is estimated to result in significant saving...

Lake County Government offices to close Nov. 22 & 23 for Thanksgiving holiday

TAVARES, FL - November 21, 2012 - (RealEstateRama) -- All offices of the Lake County Board of County Commissioners, Clerk of Courts, Property Appraiser, Supervisor of Elections and Tax Collector will be closed Thursday, Nov. 22 and Friday, Nov. 23 for ...

Attorney General Doug Gansler Urges Congress to Extend Tax Relief for Distressed Homeowners

Baltimore, MD - November 20, 2012 - (RealEstateRama) -- Attorney General Douglas F. Gansler, joined by 41 other state and territorial attorneys general, today urged Congress to extend tax relief for consumers who have mortgage debt canceled or forgiven...

Attorney General Bondi Advocates for Extended Tax Relief for Distressed Homeowners

TALLAHASSEE, FL - November 20, 2012 - (RealEstateRama) -- Attorney General Pam Bondi and Connecticut Attorney General George Jepsen are leading the national effort by state attorneys general urging Congress to extend tax relief for consumers who have m...

Williams Works With Governor Malloy to Grant Quarterly Property Taxpayers Grace Period from Interest

BROOKLYN, CT - November 2, 2012 - (RealEstateRama) -- With residents across Connecticut are consumed with recovery efforts as the result of Hurricane Sandy, State Senate President Donald E. Williams Jr., (Brooklyn/Killingly) today asked Governor Malloy...

MBA Embraces IRS Decision to Accept Electronic Signatures for Tax Return Transcript Requests

Washington, DC - October 29, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today applauded an announcement by the Internal Revenue Service (IRS) that it will soon begin allowing electronic signatures on Form 4506-T, Request for Tran...

State Invests Federal Tax Credits to Boost Affordable Housing Construction

CHICAGO - October 23, 2012 - (RealEstateRama) -- Nearly 700 affordable rental apartments will be built across Illinois, increasing housing opportunities for working families, seniors and people with special needs and disabilities, thanks to the allocat...

Paper Examines Historical Origins of America’s Mortgage Laws

WASHINGTON, DC - October 23, 2012 - (RealEstateRama) -- Today the Mortgage Bankers Association (MBA) released a paper entitled, “The Historical Origins of America’s Mortgage Laws,” conducted by Andra Ghent, Assistant Professor of Real Estate at A...

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Mayor London Breed Celebrates Groundbreaking of New Affordable Housing in the...

Mayor London N. Breed today joined community leaders to celebrate the groundbreaking of future affordable housing at 1950 Mission Street. Once completed, the project will offer 155 affordable apartments for families