Laws & Taxes

TRENTON, NJ - October 23, 2009 - (RealEstateRama) -- Attorney General Anne Milgram announced that a Ewing couple and their real estate firm were indicted on charges they stole more than $600,000 from home sellers in connection with 11 home sales.

WASHINGTON, DC - October 22, 2009 - (RealEstateRama) -- U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today joined his colleagues on the House Ways and Means Committee’s Oversight Subcommittee in vetting the administration of the First-Time Homebuyers Tax Credit.

$8,000 Credit, Which Is Helping Home Sales Rebound, Is Set to Expire at the End of Next Month. Washington, D.C. - October 22, 2009 - (RealEstateRama) -- Congressman Gary Peters today urged House leadership to extend the first-time homebuyer tax credit, a measure enacted in February that saves new homebuyers thousands of dollars and has helped the U.S. housing market rebound in recent months. The credit is set to expire November 30th. Congressman Peters, along with a bipartisan group of colleagues, today sent a letter (text below) to House Speaker Nancy Pelosi and Minority Leader John Boehner expressing their desire to extend the credit’s deadline.

LIHUE, HI - October 22, 2009 - (RealEstateRama) -- County officials are encouraging homeowners to take advantage of the county’s real property tax relief programs. “We want to remind everyone that there are a number of tax relief programs available to Kaua'i homeowners and urge them to apply for these programs,” said Director of Finance Wallace Rezentes, Jr

163 Bipartisan Members Sign Courtney-Calvert Letter Seeking Extension of Home Purchase Incentive. WASHINGTON, DC - October 21, 2009 - (RealEstateRama) -- Today, Representatives Joe Courtney (D-CT) and Ken Calvert (R-CA) delivered a bipartisan letter to Speaker Nancy Pelosi and Minority Leader John Boehner urging an extension of the First Time Home Buyer Tax Credit. Including the authors, 165 bipartisan Members of Congress have signed the Courtney-Calvert letter.

Washington, DC - October 21, 2009 - (RealEstateRama) -- Congressman Paul Hodes today wrote to House leadership in support of an extension of the first-time homebuyer tax credit.

Washington, DC - October 21, 2009 - (RealEstateRama) -- Congressman Paul Hodes today wrote to House leadership in support of an extension of the first-time homebuyer tax credit.

COLUMBUS, OH - October 21, 2009 - (RealEstateRama) -- Today, the Ohio Housing Finance Agency (OHFA) released the 2010 Qualified Allocation Plan (QAP) that guides the development of affordable housing throughout the state.

WASHINGTON, D.C. - October 21, 2009 - (RealEstateRama) -- Montana’s Congressman, Denny Rehberg, today sent a letter to House leaders urging them to extend the home buyer tax credit. He has also cosponsored the Homebuyer Tax Credit Act of 2009.

October 21, 2009 - (RealEstateRama) -- House Ways and Means Oversight Subcommittee Chairman John Lewis (D‑GA) today announced that the Subcommittee on Oversight will hold a hearing on administration of the first‑time homebuyer tax credit. The hearing will take place on Thursday, October 22, 2009, at 10:00 a.m., in the main Committee hearing room, 1100 Longworth House Office Building.

October 21, 2009 - (RealEstateRama) -- House Ways and Means Oversight Subcommittee Chairman John Lewis (D‑GA) today announced that the Subcommittee on Oversight will hold a hearing on administration of the first‑time homebuyer tax credit. The hearing will take place on Thursday, October 22, 2009, at 10:00 a.m., in the main Committee hearing room, 1100 Longworth House Office Building.

October 21, 2009 - (RealEstateRama) -- House Ways and Means Oversight Subcommittee Chairman John Lewis (D‑GA) today announced that the Subcommittee on Oversight will hold a hearing on administration of the first‑time homebuyer tax credit. The hearing will take place on Thursday, October 22, 2009, at 10:00 a.m., in the main Committee hearing room, 1100 Longworth House Office Building.

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Brooklyn, NY - October 20, 2009 - (RealEstateRama) -- A civil complaint was filed today in federal court in Central Islip against Ideal Mortgage Bankers, Ltd. d/b/a/ Lend America, a mortgage lender located in Melville, Long Island, seeking a court-ordered injunction to prevent the company from making loans insured by the Federal Housing Administration (“FHA”). The complaint also seeks relief against Lend America’s Executive Vice President and Chief Business Strategist, Michael Ashley. The case has been assigned to United States District Judge Joseph F. Bianco.

October 19, 2009 - (RealEstateRama) -- Congressman Phil Hare (D-IL) today was joined by local citizens and realtors in Moline, Canton, and Macomb to call for an extension of the $8,000 first-time homebuyer tax credit. The credit is set to end on December 1, 2009.

ROCHESTER, NY - October 15, 2009 - (RealEstateRama) -- U.S. Attorney Kathleen M. Mehltretter of the Western District of New York announced that six individuals located in the New York City area were charged yesterday in a criminal complaint with defrauding Flaherty Funding

WASHINGTON, DC - October 13, 2009 - (RealEstateRama) -- Representative Marcia L. Fudge (OH-11) applauded legislation that grants a one-year extension of the first-time homebuyer tax credit for members of the Armed Forces who served overseas in 2009.

WASHINGTON, DC - October 13, 2009 - (RealEstateRama) -- Representative Marcia L. Fudge (OH-11) applauded legislation that grants a one-year extension of the first-time homebuyer tax credit for members of the Armed Forces who served overseas in 2009.

WASHINGTON, DC - October 13, 2009 - (RealEstateRama) -- Representative Marcia L. Fudge (OH-11) applauded legislation that grants a one-year extension of the first-time homebuyer tax credit for members of the Armed Forces who served overseas in 2009.

October 16, 2009 - (RealEstateRama) — Eligible Montgomery County residents are encouraged to apply for the Maryland Homeowner’s Property Tax Credit program, which limits the amount of property taxes a homeowner must pay based on income. The deadline has been extended to November 2.

WASHINGTON, DC - October 15, 2009 - (RealEstateRama) -- A local Congressman is supporting efforts in Congress to extend a popular tax break for new homeowners. Rep. Brad Ellsworth says the First-Time Homebuyers Tax Credit has been wildly successful and should be extended for another year. Congress approved the 8,000 tax credit as part of the Economic Recovery Plan in February, but the program is set to expire on November 30, 2009.

U.S. Treasury’s tax credit exchange funds to restart 10 projects, create jobs. BOSTON, MA - October 15, 2009 - (RealEstateRama) -- As part of the Patrick-Murray Administration’s Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick today announced that the state will utilize $50.3 million in federal recovery funds to create hundreds of jobs and revive affordable housing developments stalled throughout the Commonwealth due to the lack of equity available in low-income housing tax credit markets.Ten projects in Amherst, Charlton, Chelmsford, Lunenburg, Plymouth, Wareham, Watertown, West Boylston, Westfield and Worcester will receive American Recovery and Reinvestment Act (ARRA) funds to fill the financing gaps created in projects where tax credits could not leverage the equity needed to support construction costs.

RALEIGH, NC - October 13, 2009 - (RealEstateRama) -- United States Attorney George E.B. Holding announced that in federal court on October 5, 2009, United States District Judge W. Earl Britt sentenced CINDY TILLEY GREER, 51, of Clarendon, North Carolina, to 36 months’ imprisonment followed by three years of supervised release and on October 6, 2009, STANLEY GARFIELD WILLIAMS, JR., 38, of Bolivia, North Carolina, received 70 months’ imprisonment followed by five years supervised release. Also GREER was imposed a fine of $6,000.

RALEIGH, NC - October 13, 2009 - (RealEstateRama) -- United States Attorney George E.B. Holding announced that in federal court on October 5, 2009, United States District Judge W. Earl Britt sentenced CINDY TILLEY GREER, 51, of Clarendon, North Carolina, to 36 months’ imprisonment followed by three years of supervised release and on October 6, 2009, STANLEY GARFIELD WILLIAMS, JR., 38, of Bolivia, North Carolina, received 70 months’ imprisonment followed by five years supervised release. Also GREER was imposed a fine of $6,000.

RALEIGH, NC - October 13, 2009 - (RealEstateRama) -- United States Attorney George E.B. Holding announced that in federal court on October 5, 2009, United States District Judge W. Earl Britt sentenced CINDY TILLEY GREER, 51, of Clarendon, North Carolina, to 36 months’ imprisonment followed by three years of supervised release and on October 6, 2009, STANLEY GARFIELD WILLIAMS, JR., 38, of Bolivia, North Carolina, received 70 months’ imprisonment followed by five years supervised release. Also GREER was imposed a fine of $6,000.

RALEIGH, NC - October 13, 2009 - (RealEstateRama) -- United States Attorney George E.B. Holding announced that in federal court on October 5, 2009, United States District Judge W. Earl Britt sentenced CINDY TILLEY GREER, 51, of Clarendon, North Carolina, to 36 months’ imprisonment followed by three years of supervised release and on October 6, 2009, STANLEY GARFIELD WILLIAMS, JR., 38, of Bolivia, North Carolina, received 70 months’ imprisonment followed by five years supervised release. Also GREER was imposed a fine of $6,000.

RALEIGH, NC - October 13, 2009 - (RealEstateRama) -- United States Attorney George E.B. Holding announced that in federal court on October 5, 2009, United States District Judge W. Earl Britt sentenced CINDY TILLEY GREER, 51, of Clarendon, North Carolina, to 36 months’ imprisonment followed by three years of supervised release and on October 6, 2009, STANLEY GARFIELD WILLIAMS, JR., 38, of Bolivia, North Carolina, received 70 months’ imprisonment followed by five years supervised release. Also GREER was imposed a fine of $6,000.

Tax Credit Assistance Program Tapped to Build Senior and Family Housing in Wamego, Bird City. Topeka, KS - October 15, 2009 - (RealEstateRama) -- Kansas Housing Resources Corporation (KHRC) has awarded $3.8 million in funding from the American Recovery and Reinvestment Act of 2009 (ARRA) to build affordable, energy efficient rental housing in Wamego and Bird City. The stimulus funds, allocated through the Tax Credit Assistance Program (TCAP), will create 38 rental units serving low-income families and seniors.

WASHINGTON, DC - October 13, 2009 - (RealEstateRama) -- U.S. Rep. Mary Jo Kilroy voted to amend the home-buying provisions in the American Recovery and Reinvestment Act to benefit active-duty service members and other federal employees.

WASHINGTON, DC - October 13, 2009 - (RealEstateRama) -- Congressman Leonard Lance (NJ-07) today announced that he has introduced legislation to extend and expand the federal homebuyer tax deduction.