Laws & Taxes

Leesburg, VA - May 24, 2010 - (RealEstateRama) -- Loudoun County Treasurer H. Roger Zurn Jr. reminds taxpayers that the deadline for payment of the first half real property tax is Monday, June 7, 2010.

May 24, 2010 - (RealEstateRama) -- The Connecticut Housing Finance Authority (CHFA) is pleased to announce the 2010 CHFA-DECD Consolidated Application version 2.3 is now available for the HTCC Program

WASHINGTON, D.C. - May 24, 2010 - (RealEstateRama) -- Even though the home buyer tax credit expired on April 30 and won’t be renewed, there may never be a better time to buy a home than today, according to the National Association of Home Builders (NAHB). Many outstanding opportunities still exist for home buyers, but they may not be around forever

AUGUSTA, ME - May 19, 2010 - (RealEstateRama) -- Governor John E. Baldacci held a State House ceremony today to celebrate passage of LD 1121, “An Act to Protect Elderly Residents from Losing Their Homes Due to Taxes or Foreclosure." The law, sponsored by Rep. Kathleen Chase (R-Wells), allows municipalities to pass local ordinances enabling eligible seniors to defer property taxes for a period of time. “Many elderly residents on fixed incomes, especially those in lake and coastal communities, just want the ability to stay in the homes they have worked so hard to maintain,” said Governor Baldacci.

New York, NY - May 18, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York,

STATEHOUSE, IN - May 17, 2010 - (RealEstateRama) -- State Sen. Brandt Hershman (R-Lafayette) says by completing and mailing back one simple form included in local property tax statements, eligible property owners will receive valuable tax credits while helping county governments better monitor homestead filings and prevent fraud.

NEWPORT NEWS, VA - May 13, 2010 - (RealEstateRama) -- Yvonne L. Robertson, 44, of Hampton, Virginia was charged in a superseding indictment, returned by a federal grand jury yesterday, on charges of engaging in monetary transactions in property derived from unlawful activity

Low-Income Housing Tax Credits benefit Iowans in communities large and small DES MOINES, IA - May 13, 2010 - (RealEstateRama) -- Nine projects in eastern, western and central Iowa will receive approximately $5 million in federal housing tax credits to build or rehabilitate 312 units of affordable housing, Governor Chet Culver announced today.

ATLANTA, GA - May 11, 2010 - (RealEstateRama) -- The Georgia Property Taxpayer Committee has selected Senate Majority Leader Chip Rogers (R-Woodstock) as their 2010 Legislator of the Year because of his dedication and service to Georgia’s property owners.

Pierre, SD – May 6, 2010 – (RealEstateRama) — The South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners has approved more than $1.5 million in Housing Tax Credits, $4.5 million in HOME Investment Partnerships P...

Housing affordability and mortgage rates near record lows, while inventories are close to record highs. Mortgage lender experienced an over 50 percent increase in purchase loans in April compared to March. MILFORD, CT - May 3, 2010 - (RealEstateRama) -- Leading mortgage lender and broker Total Mortgage announced today that even though the first-time home buyer tax credit and repeat home buyer tax credit have expired, there are still a number of favorable market dynamics present in the housing market that continue to offer a once-in-a-lifetime opportunity for potential home buyers.

SACRAMENTO, CA - May 3, 2010 - (RealEstateRama) -- The homebuyer tax credit signed into law earlier this year by Governor Arnold Schwarzenegger will be available beginning Saturday, May 1. Governor Schwarzenegger in March signed into law AB 183 by Assembly Member Ana Caballero, D-Salinas, and co-authored by Senator Roy Ashburn, R-Bakersfield, which establishes a tax credit of $10,000 or 5 percent of the purchase price of a newly built home and a $10,000 tax credit for first-time purchasers of existing homes. The credit will be available beginning May 1 and be good through December 31, 2010, or when funding is exhausted, whichever comes first. The $200 million allocated for the program is split evenly with $100 million going to purchasers of new homes and $100 million going to first-time buyers of existing homes

CHICAGO, IL - May 3, 2010 - (RealEstateRama) -- Governor Pat Quinn today unveiled legislation that will provide extensive and much-needed property tax relief to millions of taxpayers while also pressing for greater citizen participation and openness in the tax assessment process.

April 30, 2010 - (RealEstateRama) -- The Connecticut Conference of Municipalities today, April 30, expressed its gratitude to the leaders of the State House of Representatives for passing much-needed mandates relief, local revenue diversity, and help in stemming health insurance increases.

ATLANTA, GA - April 30, 2010 - (RealEstateRama) -- Georgia’s property owners triumphed in the General Assembly today with the Georgia House and Senate overwhelmingly passing Senate Bill 346. Championed and authored by Senate Majority Chip Rogers (R-Woodstock), the Property Tax Assessment and Appeals reform bill is aimed at ensuring all Georgia properties are properly assessed at Fair Market Value and that property owners have guaranteed rights to appeal. This is the most sweeping overhaul of the Georgia property tax system in decades

TRENTON, NJ - April 29, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow and Division of Law Director Robert Hanna announced today that a New Jersey loan modification company and its owners have agreed to an $11.45 million judgment to settle civil charges they defrauded homeowners who sought help in staving off mortgage foreclosure.

Concord, NH - April 27, 2010 - (RealEstateRama) -- New Hampshire Low and Moderate Income Homeowners may receive state education property tax relief by applying after May 1, 2010.

April 28, 2010 - (RealEstateRama) -- Due to the overwhelming response for the Housing Tax Credit Contribution Program (HTCC) Application Overview Session, the Connecticut Housing Finance Authority (CHFA) has added a second overview on Monday, May 24, 2010 from 9:00-11:00 AM

Washington, DC - April 28, 2010 - (RealEstateRama) -- The House Financial Services Committee approved by a vote of 39-26 the Homeowners’ Defense Act, innovative bipartisan legislation to reduce insurance premiums for homeowners around the country

April 26, 2010 - (RealEstateRama) -- The National Association of Home Builders (NAHB) wants members of the military, foreign service and intelligence communities to know that they may have an additional year to buy a home and claim the home buyer tax credit, which expires for most Americans on April 30

WASHINGTON D.C. - April 26, 2010 - (RealEstateRama) -- With many buyers rushing to take advantage of the federal home-buyer tax credit set to expire in April, sales of newly built single-family homes surged 26.9 percent in March to a seasonally adjusted annual rate of 411,000 units, the Commerce Department reported today. Sales increases were posted in all four regions of the country.

COLUMBUS, OH - April 21, 2010 - (RealEstateRama) -- Today the Ohio Housing Finance Agency (OHFA) Board approved over $9.3 million of Tax Credit Exchange (TCE) and Tax Credit Assistance Program (TCAP) dollars created in the American Recovery and Reinvestment Act (ARRA), together with more than $4.1 million from OHFA’s Housing Development Assistance Program (HDAP) and $9.1 million from the Neighborhood Stabilization Program (NSP).

Buffalo, NY - April 21, 2010 - (RealEstateRama) -- Word that the State is even considering hiking fees on homes and new cars does not sit well with Erie County Clerk Kathy Hochul. Both transactions occur within the County Clerk's Office.

NORFOLK, VA - April 16, 2010 - (RealEstateRama) -- Troy A. Titus, 43, of Virginia Beach, Va., was sentenced yesterday to 30 years in prison for operating multiple fraud schemes to steal and misappropriate almost $10 million from clients and investors.

BISMARCK, ND - April 19, 2010 - (RealEstateRama) -- The Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has granted conditional commitments for $2.4 million in Low Income Housing Tax Credits (LIHTC) to support the construction or rehabilitation of 177 housing units.

WASHINGTON, DC - April 16, 2010 - (RealEstateRama) -- In order to create jobs, spur construction and protect clean air, U.S. Senator Robert Menendez (D-NJ), a member of the Finance Committee, today introduced legislation to provide tax incentives for the construction of green buildings.

ATLANTA, GA - April 16, 2010 - (RealEstateRama) -- On the eve of national tax day, the Georgia General Assembly has passed major tax relief, HB 1055 called by some the “Georgia Taxpayer Relief Act of 2010”. The measure eliminates retirement income tax on Georgia seniors and eliminates the state property tax. Senate Majority Leader Chip Rogers (R-Woodstock) lead the efforts in the Senate to help add the tax elimination measures to HB 1055

ATLANTA, GA - April 16, 2010 - (RealEstateRama) -- On the eve of national tax day, the Georgia General Assembly has passed major tax relief, HB 1055 called by some the “Georgia Taxpayer Relief Act of 2010”. The measure eliminates retirement income tax on Georgia seniors and eliminates the state property tax. Senate Majority Leader Chip Rogers (R-Woodstock) lead the efforts in the Senate to help add the tax elimination measures to HB 1055

MONTPELIER, Vt. - April 15, 2010 - (RealEstateRama) -- Gov. Jim Douglas has signed a proclamation designating April as “Fair Housing Month” in Vermont.

HARRISBURG, PA - April 15, 2010 - (RealEstateRama) -- The former director of the Venango County Housing Authority was arrested today by public corruption agents from the Attorney General's Office on charges that he illegally diverted nearly $180,000 of Housing and Urban Development (HUD) funds for his personal use.