Blog Page 1137

Congressman Yarmuth Announces New Federal Assistance Available for Potential Homebuyers

Louisville, KY - November 16, 2009 - (RealEstateRama) -- Congressman John Yarmuth (KY-3) was joined by Louisville Realtors, representatives from the Home Builders Association of Louisville, and local homeowners and recent homebuyers to announce that more Louisvillians than ever are eligible for a homebuyer’s tax credit.

Iowa Finance Authority awards more than $4 million in Local Housing Trust Fund grants

Local Housing Trust Fund grants will help preserve or create more than 1,600 affordable housing units. Des Moines, IA - November 16, 2009 - (RealEstateRama) -- The Iowa Finance Authority (IFA) Board of Directors recently approved a total of more than $4.3 million in grants to 20 Local Housing Trust Funds. The grants will aid in the development and preservation of more than 1,600 affordable housing units throughout the state. The awards were made through the State Housing Trust Fund’s Local Housing Trust Fund Program (LHTF).

Illinois Department of Veterans’ Affairs brings awareness to homeless Vets at Prince Home ...

MANTENO, IL - November 16, 2009 - (RealEstateRama) -- The Illinois Department of Veterans’ Affairs (IDVA) held an open house today at the Prince Home at Manteno to bring awareness to the resources the State of Illinois provides for homeless and disabled veterans. IDVA Director Dan Grant was joined by State Rep. Lisa Dugan (D-Kankakee) and State Sen. Toi Hutchinson (D-Chicago Heights) at the facility, which was the first in Illinois to provide permanent supportive housing for homeless veterans.

Mean and Green: IBHS to Present at Greenbuild 2009 Conference

TAMPA, FL - November 16, 2009 - (RealEstateRama) -- The Institute for Business & Home Safety (IBHS) today announced that President and CEO Julie Rochman, along with representatives from Travelers and Ceres, will present “Mean and Green: The Need for Disaster Resistant Green Building,” Thursday, Nov. 12 from 6 p.m. to 7:30 p.m. ET at the Greenbuild 2009 Conference in Phoenix.

Senate Majority Leader: Democrats’ Home Energy Assistance Web Page Can Help Families Save This...

Web site provides one-stop shop for families seeking help with heating expenses, furnace upgrades and home weatherization. Hartford, CT - November 16, 2009 - (RealEstateRama) -- State Senate Majority Leader Martin Looney (D-New Haven) announced today that the Senate Democrats have released an update to their home-heating assistance Web page to help provide Connecticut families with a convenient location on the Web for information on a wide variety of home-heating assistance programs.

McCarthy Supports Tax Credit for Small Businesses that Support Our Troops

Washington, D.C. - November 16, 2009 - (RealEstateRama) -- Congressman Kevin McCarthy joined House colleagues in cosponsoring bipartisan legislation, the Small Business and Military Family Assistance Act (H.R. 4042), that would extend a tax credit for small businesses that pay differential wages to their employees who are Armed Forces servicemembers and have been called up to active duty.

Homeowner files class-action lawsuit against Texas’ KB Home

LOS ANGELES, CA - November 16, 2009 - (RealEstateRama) -- A Texas homeowner filed a class-action lawsuit today against KB Home (NYSE: KBH), Countrywide Financial and LandSafe Appraisal Services, claiming the three conspired to rig housing prices in Texas and Colorado, costing home purchasers millions of dollars and pushing homeowners into dangerous loans.

Fidelity National Title Embraces Arizona Green Chamber of Commerce In Support of Sustainable Business...

Offers real estate professionals a chance to win free AGCC membership for going paperless. PHOENIX, AZ - November 16, 2009 - (RealEstateRama) -- The Phoenix Chapter of the Arizona Green Chamber of Commerce (AGCC), a non-profit organization committed to promoting a more sustainable, environmentally sound economy, announced today that Fidelity National Title of Maricopa County has joined the Chamber. The Chamber has gathered significant momentum recently through the addition of large local businesses such as Fidelity, Southwest Gas and McMurry.

Gov. Perry: Washington Again Shortchanges Texas Communities on Disaster Funds

AUSTIN, TX - November 13, 2009 - (RealEstateRama) -- Gov. Rick Perry today criticized the U.S. Department of Housing and Urban Development (HUD) for telling Texans “there is no compelling need to immediately approve” the state’s application for continued Hurricanes Ike and Dolly recovery funding.

Telephonic Board Meeting November 13

TALLAHASSEE, FL - November 13, 2009 - (RealEstateRama) -- Florida Housing will hold a Telephonic Board Meeting on November 13, 2009 beginning at 10:00 a.m. The meeting will address the consideration of necessary actions related to approval of credit underwriting reports and market studies.

California New-Home Sales Down Again in September, CBIA Announces

SACRAMENTO, CA - November 13, 2009 - (RealEstateRama) -- New-home sales in California continued to remain below levels seen a year ago, but the year-over-year declines have continued to shrink, the California Building Industry Association reported today

Entry-level housing affordability reaches 64 percent

C.A.R. reports entry-level housing affordability reached 64 percent in the third quarter of 2009. LOS ANGELES, CA - November 13, 2009 - (RealEstateRama) -- The percentage of households that could afford to buy an entry-level home in California stood at 64 percent in the third quarter of 2009, compared with 55 percent (revised) for the same period a year ago, according to a report released today by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

Housing funding approval to generate millions in economic activity across Oregon

Salem, OR - November 13, 2009 - (RealEstateRama) -- Nearly $70.5 million in combined grants, loans and tax credits to contractors throughout the state will help fund 444 units of affordable housing, providing hundreds of lower-income Oregonians a place to call home.

Former Las Vegas Resident Charged with Committing Mortgage Fraud in Nevada

LAS VEGAS NV - November 12, 2009 - (RealEstateRama) -- A former Las Vegas resident has been charged with federal conspiracy and fraud charges for his involvement in a Nevada mortgage fraud scheme involving straw buyers and falsified mortgage loan documents, announced Daniel G. Bogden, United States Attorney for the District of Nevada.

Representative Fudge To Host Foreclosure Prevention Clinic

CLEVELAND, OH - November 13, 2009 - (RealEstateRama) -- Representative Marcia L. Fudge (OH-11) will host a free foreclosure prevention clinic at the Cleveland Heights Community Center on November 17th. The clinic is the second in a series and will connect residents with housing counselors to discuss ways to prevent mortgage delinquency.

Schumer: More Than 14,000 Nys Vets Now Homeless — Current Veterans Health And Homeless...

Washington, DC - November 11, 2009 - (RealEstateRama) -- U.S. Senators Charles E. Schumer today said that current federal veteran’s health and homeless prevention programs are starved for funding and cannot handle the massive wave of traumatized veterans forced to live on the streets.

Schumer, Menendez: Nearly 10,000 Nyc Metro Area Vets Now Homeless — Current Veterans Health...

Washington, DC - November 11, 2009 - (RealEstateRama) -- U.S. Senators Charles E. Schumer and Robert Menendez today said that current federal veteran’s health and homeless prevention programs are starved for funding and cannot handle the massive wave of traumatized veterans forced to live on the streets.

Three Men Allegedly Obtained More Than $4.5 Million in Fraudulent Mortgage Loans

DAYTON, OH - November 3, 2009 - (RealEstateRama) -- A federal grand jury here has indicted James L. Mack, 64, a former loan officer at the Centerville branch of Republic Bank, Walter A. Millat, 70, and his son William E. Millat, 49, all of Dayton, charging the three men with operating a scheme to fraudulently obtain more than $4.5 million in mortgage loans by fraudulently orchestrating the purchase and sale of more than 100 properties in the Dayton area between 2001 and 2006.

Hinchey Details How Southern Tier Residents Will Benefit from Extended & Expanded Homebuyer Tax...

Johnson City, NY - November 11, 2009 - (RealEstateRama) -- As part of his ongoing effort to strengthen the housing market and the overall economy in the Southern Tier, Congressman Maurice Hinchey (D-NY) today held a roundtable discussion with members of the Greater Binghamton Association of Realtors to discuss legislation he recently helped the House pass that extends the $8,000 federal tax credit for first-time homebuyers through April 30, 2009 and creates a new $6,500 federal tax credit for non-first-time homebuyers who have been in their current residence at least five years.

Hinchey Details How Southern Tier Residents Will Benefit from Extended & Expanded Homebuyer Tax...

Johnson City, NY - November 11, 2009 - (RealEstateRama) -- As part of his ongoing effort to strengthen the housing market and the overall economy in the Southern Tier, Congressman Maurice Hinchey (D-NY) today held a roundtable discussion with members of the Greater Binghamton Association of Realtors to discuss legislation he recently helped the House pass that extends the $8,000 federal tax credit for first-time homebuyers through April 30, 2009 and creates a new $6,500 federal tax credit for non-first-time homebuyers who have been in their current residence at least five years.

Merkley Supports Efforts to Assist Homeless Veterans

Washington, DC - November 10, 2009 - (RealEstateRama) -- Oregon’s Senator Jeff Merkley signed on Tuesday as a co-sponsor of three bills to provide shelter and assistance to homeless veterans. The bills will authorize funding to expand housing and health services for low-income veterans.

ARC Picks UP 466,000 SF Home Depot Warehouse

New York City, NY - November 10, 2009 - (RealEstateRama) -- American Realty Capital, based here, has acquired a 465,600-square-foot Home Depot distribution facility in Columbia, SC in a deal arranged by Broad Street Advisors, also of New York City.

Attorney General Abbott Takes Enforcement Action Against Dallas-area ‘Mortgage Rescue’ Operation

DALLAS, TX - November 10, 2009 - (RealEstateRama) -- Texas Attorney General Greg Abbott today took legal action to obtain restitution for a fraudulent “mortgage rescue” firm’s victims.

Wicker & Cochran Introduce Bill to Extend Important Gulf Coast Rebuilding Tax Incentive

WASHINGTON, DC - November 10, 2009 - (RealEstateRama) -- A key tax incentive designed to spur rebuilding efforts in the areas hardest hit by Hurricane Katrina would be extended for two years by legislation introduced today by U.S. Senators Roger Wicker and Thad Cochran

GOVERNOR CULVER ANNOUNCES $1.2 MILLION IN I-JOBS FUNDING TO BUILD, PRESERVE AFFORDABLE HOUSING

Awards will aid residents of Red Oak, Avoca, Sioux City, Waverly, Waterloo, Onawa and Iowa City. DES MOINES, IA - November 10, 2009 - (RealEstateRama) -- Governor Culver announced today that five entities from around Iowa will receive a total of nearly $1.2 million to build and rehabilitate affordable housing. The awards are made through Affordable Housing Assistance Grant Funds, a part of the Culver/Judge Administration’s I-JOBS initiative. The Iowa Finance Authority administers the program

Florida’s Existing Home, Condo Sales Rise in 3Q 2009

ORLANDO, FL - November 10, 2009 - (RealEstateRama) -- Sales of existing single-family homes in Florida rose 33 percent in third quarter 2009 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 44,345 existing homes sold statewide in 3Q 2009; during the same period the year before, a total of 33,311 existing homes sold. It marks the fifth consecutive quarter that Florida has seen higher existing year-to-year home sales, according to the state association.Statewide sales of existing condominiums in the third quarter rose 56 percent compared to the same time the previous year. This marks the fourth consecutive quarter for increased statewide sales in both the existing home and condo markets compared to year-ago levels

Mortgage and Real Estate Broker Sentenced to Prison for Mortgage Fraud

HOUSTON, TX - November 9, 2009 - (RealEstateRama) -- Clarence Lewis III, 46, of Houston, has been sentenced to 15 years in federal prison without parole for running a mortgage fraud scheme, United States Attorney Tim Johnson announced today.

Home Buyer Tax Credit Fuels Long Island Home Sales

West Babylon, NY - November 10, 2009 - (RealEstateRama) -- The Multiple Listing Service of Long Island, Inc. (MLSLI) released the October 2009 housing statistics for Long Island that reported a $360,200 closed median home price for Nassau, Suffolk and Queens County.

County Executive Steve Levy & LIBOR Announce New Fair Housing Law in Suffolk County

West Babylon, NY - November 10, 2009 - (RealEstateRama) -- The Long Island Board of REALTORS® (LIBOR) is proud to announce that County Executive Steve Levy has signed ground breaking fair housing legislation for Co-ops into law.

Wisconsin Home Sales Up in Third Quarter as Median Prices Moderate

MADISON, WI - November 10, 2009 - (RealEstateRama) -- Wisconsin home sales increased for the first time since the recession began nearly two years ago, according to data reported by the Wisconsin REALTORS® Association (WRA).

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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