Archive for January, 2008
Legislation Would Enable Tens of Thousands of Families in Danger of Foreclosure to Refinance their Mortgages
January 31, 2008 Posted by RealEstateRama
Washington, DC – In response to the escalating housing crisis that is devastating communities, shaking our economy, and putting the financial security of millions of families at risk, Senator Hillary Rodham Clinton introduced the Mortgage Refinancing Initiative of 2008 which would provide an opportunity for at-risk households to refinance unworkable mortgages.
Under Secretary for Domestic Finance Robert K. Steel Testimony before the Senate Committee on Banking, Housing and Urban Affairs
January 31, 2008 Posted by RealEstateRama
Washington - Chairman Dodd, Ranking Member Shelby, Members of the Committee, good morning, I very much appreciate the opportunity to appear before you today to present the Treasury Department’s perspective on “Foreclosure Prevention and Neighborhood Preservation.” These are important and challenging issues; addressing them will require collaborative work on all our parts, and I look […]
America’s Hardest-Hit Foreclosure Spots
January 31, 2008 Posted by RealEstateRama
What could be worse than getting behind on mortgage payments? Owing your lender more than your home is worth.
That’s what’s happening to homeowners across the country, many of whom just a couple of years ago opted for interest-only or adjustable-rate mortgages.
New York housing market lands softly in 2007
January 31, 2008 Posted by New York Real Estate
Albany – January 29, 2008 – Sales of existing single-family homes in New York state in 2007 slowed as total sales continued to shrink from the all-time record set in 2005, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS. Despite the decrease, the 2007 market was the sixth […]
Marsico Issues Statement on the House Passing Legislation to Eliminate Property Taxes for Seniors
January 31, 2008 Posted by Pennsylvania Real Estate
January 30, 2008 - Rep. Ron Marsico (R-Lower Paxton) issued the following statement today regarding the overwhelming support in the House of Representatives for a bill to eliminate property taxes for seniors:
House Wraps Up Busy Week of Activity
January 31, 2008 Posted by Missouri Real Estate
Jefferson City – The Missouri House of Representatives adjourned on Thursday after a busy week that included passage of several supplemental budget bills and a flurry of committee activity.
ALEXANDER COSPONSORS LEGISLATION OFFERING TAX CREDIT TO HOMEBUYERS
January 31, 2008 Posted by Tennessee Real Estate
WASHINGTON, D.C. - January 31st, 2008 - U.S. Senator Lamar Alexander, R-Tenn., today joined Senator Johnny Isakson, R-Ga., in offering legislation to provide a tax credit for anyone purchasing a newly constructed home, a foreclosed home or a home where foreclosure is pending.
Cornyn Supports Proposal For New Tax Credit For Homebuyers
January 31, 2008 Posted by Texas Real Estate
WASHINGTON - January 30, 2008 - U.S. Sen. John Cornyn, a member of the Senate Budget Committee, today signed on as an original cosponsor of S. 2566, legislation introduced by Sen. Johnny Isakson, R-Georgia, that proposes a new tax credit for homebuyers. The $15,000 tax credit would be distributed over a period of three years […]
DOL Grant to Address Shortage of Energy Sector Workers
January 31, 2008 Posted by RealEstateRama
Under the President’s High Growth Job Training Initiative (HGJTI), the Department of Labor Employment and Training Administration (DOL-ETA) has announced the availability of approximately $10 million in grant funds for high-impact regional approaches to meet the workforce challenges of the energy industry and/or address the shortage of construction and skilled trade workers needed to maintain […]
Local Real Estate Agent Offers Free Limo Tours
January 31, 2008 Posted by Arizona Real Estate
GOODYEAR, Ariz., Jan. 30 /PRNewswire/ — Local Real Estate Specialist, Brenda Kilhoffer, of the BK Family Homes Team at Keller Williams Professional Partners and Villas at Palm Valley will be hosting a free brunch and Investor Limo Tour of featured west valley investment properties.