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Monthly Archives: July 2011

Take the Guess Work Out of Buying Your First Home

BEDFORD, N.H. - July 7, 2011 - (RealEstateRama) -- Buying your first home is an important milestone, a thrilling adventure, and a serious financial commitment. Yet, the home buying process can also be extremely confusing and mysterious for a first-time...

OBAMA ADMINISTRATION OFFERS ADDITIONAL MORTGAGE RELIEF TO UNEMPLOYED HOMEOWNERS

Washington, DC - July 7, 2011 - (RealEstateRama) -- Today, the Obama Administration announced adjustments to Federal Housing Administration (FHA) requirements that will require servicers to extend the forbearance period for unemployed homeowners to 12 months. The Administration also intends to require servicers participating in the Making Home Affordable Program (MHA) to extend the minimum forbearance period to 12 months wherever possible under regulator and investor guidelines. These adjustments will provide much needed assistance for unemployed homeowners trying to stay in their homes while seeking re-employment. These changes are intended to set a standard for the mortgage industry to provide more robust assistance to unemployed homeowners in the economic downturn.The changes to FHA’s Special Forbearance Program announced today will require servicers to extend the forbearance period for FHA borrowers who qualify for the program from four months to 12 months and remove upfront hurdles to make it easier for unemployed borrowers to qualify.

CONGRESSMAN RUBÉN HINOJOSA ANNOUNCES EMERGENCY HOMEOWNERS? LOAN PROGRAM TO HELP HOMEOWNERS AT RISK OF...

WASHINGTON, D.C. - July 7, 2011 - (RealEstateRama) -- Congressman Rubén Hinojosa announces a new federal program, the Emergency Homeowners Loan Program (EHLP),that will directly help qualifying homeowners with their mortgage.

ARIAS PARK SLOPE WELCOMES FIRST RESIDENTS

BROOKLYN, NY - July 7, 2011 - (RealEstateRama) -- With leasing moving at a fever pitch, Arias Park Slope is enjoying a busy summer highlighted by one of the most important milestones in its development program. The first residents at the Ismael Leyva-designed 12-story building have moved into their luxurious new residences and begun their exciting upscale urban lifestyle at the collection of 95 rental homes in this historic Brooklyn neighborhood, according to developer The Iconic Group

RE/MAX Realtor Amy Tapp brings IDX Broker technology to Lubbock, Texas home seekers

EUGENE, OR - July 7, 2011 - (RealEstateRama) -- IDX, Inc. and Realtor Amy Tapp have joined forces to revolutionize the online Lubbock, Texas real estate search. As a member of the Lubbock MLS (LARMLS), Tapp has long had access to thousands of detailed property listings. Now, the same level of accessibility once reserved only for real estate agents and brokers can be experienced by Tapp's real estate clients conveniently on her website.

CFO Jeff Atwater’s Division of Consumer Services Expands Spanish-Speaking Assistance to Unclaimed Property Helpline

TALLAHASSEE, FL - July 7, 2011 - (RealEstateRama) -- Florida Chief Financial Officer Jeff Atwater announced today that he is expanding the availability of Spanish-speaking staff to the Department of Financial Services’ Unclaimed Property Helpline.

Long-Term Housing Options Focus of Walker County Disaster Expo

BIRMINGHAM, AL - July 7, 2011 - (RealEstateRama) -- Tornado survivors can get answers on how to plan and accomplish their permanent housing goals at the Housing and Recovery Expo in Walker County Saturday, July 9

Charles Dunn Company Completes 21,062 Square Foot Lease Valued at $2 Million with APAIT...

LOS ANGELES, CA - July 7, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed a five-year, 21,062 square foot lease valued at over $2 million with Asian Pacific AIDS Intervention Team. APAIT positively affects the quality of life for Asian and Pacific Islanders living with or at-risk for HIV/AIDS by providing a continuum of prevention, health and social services, community leadership and advocacy to the Southern California region. The property is located at 1730 W. Olympic Blvd. near the major cross street of Union Avenue, adjacent to Downtown Los Angeles.

Tornado Survivors Can Get Help on Housing Goals at Walker County Expo

BIRMINGHAM, AL - July 7, 2011 - (RealEstateRama) -- Tornado survivors can get answers on how to plan and accomplish their permanent housing goals at the Housing and Recovery Expo in Walker County Saturday, July 9. Many Alabamians are still recoverin...

Realtors® Support Bill for Comprehensive Reform of Secondary Mortgage Market

Washington, DC - July 7, 2011 - (RealEstateRama) -- The long-term viability of America’s housing finance market requires comprehensive reform of the secondary mortgage market. Toward that end, the National Association of Realtors® supports H.R. 2413, the “Secondary Market Facility for Residential Mortgage Act of 2011.”

U.S. Office Market Sees Highest Level of Absorption since 2007 while Office Market Rents...

CHICAGO, IL - July 7, 2011 - (RealEstateRama) -- The U.S. office market absorbed more space in the second quarter of 2011 than it had in the previous four quarters, which illustrates a clear sign that the U.S. office market is in a full recovery. In the second quarter of 2011, the U.S. office market achieved the greatest amount of quarterly absorption since the fourth quarter of 2007 with nearly 11 million square feet absorbed during the three months and nearly 14 million square feet absorbed in the first half of 2011, according to Jones Lang LaSalle’s Second Quarter 2011 United States Office Outlook. Jones Lang LaSalle’s quarterly outlook tracks 43 U.S. markets and provides an overview of supply and demand, pricing conditions, a statistical analysis and an outlook on future performance.

Widespread Abuse by Mortgage Servicers Hurts Homeowners, Investors, Taxpayers, Economy

WASHINGTON, D.C. - July 7, 2011 - (RealEstateRama) -- Mortgages servicers should be required to give every mortgage holder “a good-faith review of foreclosure alternatives” before taking steps to take his or her home, CRL president Michael Calhoun told Congress today.

Jones Lang LaSalle Reports Manhattan Office Market Recovery Continues to Pick Up Steam in...

NEW YORK, NY - July 7, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that overall average asking rental rates increased and overall vacancy rates decreased in every building class and every submarket of Manhattan's office market in the second quarter of 2011. Class A buildings in Midtown and Midtown South posted gains in rents while Class B product in both submarkets saw rates fall slightly.

184 KENT COMPLETES 8,000-SF LEASE TO RIVER SCHOOL

New York, NY - July 7, 2011 - (RealEstateRama) -- 184 Kent, the luxury residential rental that opened on Williamsburg’s waterfront one year ago, has recently secured a tenant for 8,000 square feet of ground floor retail space. The space was leased by The River School, a childcare and educational facility that will open at 184 Kent in 2012.

Beverly Hills real estate website adds IDX Broker to its online solution, revolutionizing the...

EUGENE, OR - July 7, 2011 - (RealEstateRama) -- The ever-expanding network of agents and brokers has grown larger once again, through the partnership of IDX, Inc. and Sevak Khatchadourian. IDX Broker software is now seamlessly integrated onto the website Khatchadourian hosts, creating a dynamic and thorough IDX enabled search page for the clients of Khatchadourian. California Real Estate Technology Services (CARETS) listings have never been easier to search through, thanks to the innovative IDX solution Khatchadourian has synced to his page. Thousands of detailed Beverly Hills, California listings are updated minute-by-minute to ensure that home seekers experience only the best possible online property search.

The Boulder Group Publishes 2nd Quarter Net Lease Market Research Report

Northbrook, IL - July 7, 2011 - (RealEstateRama) -- The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 2nd quarter activity in the National Net Lease Market

MBA Sends Letter to Bureau of Consumer Financial Protection on RESPA and TILA Disclosures

WASHINGTON, D.C. - July 6, 2011 - (RealEstateRama) On Tuesday, July 5, 2011, the Mortgage Bankers Association (MBA) submitted the attached comment letter to Elizabeth Warren, Assistant to the President and Special Advisor to the Treasury Secretary urging the Bureau of Consumer Financial Protection to meet with key stakeholders as soon as possible on the second set of prototypes integrating Real Estate Settlement and Procedures Act (RESPA) and Truth in Lending Act (TILA) disclosures released by the Bureau of Consumer Financial Protection (Bureau) on June 27, 2011

GLORIA NILSON APPOINTS REAL ESTATE MARKET VET

July 6, 2011 - (RealEstateRama) -- Gloria Nilson, REALTORS®, Real Living, the preeminent high-end real estate brokerage in central New Jersey, announced today the appointment of Casey Jones as director of its Elegant Homes International division. With more than 35 years of real estate sales growth and brand marketing experience, Jones joins Gloria Nilson’s executive team where he will assist its real estate agents with the day-to-day efforts of servicing existing clients and generating new business for all associates. An expert in sales positioning and market presence, Jones’ ambition is to increase the firm’s presence and build a successful, customer service-driven real estate boutique office in the Princeton marketplace.

HUD AND LOUISIANA ANNOUNCE SETTLEMENT AGREEMENT TO END LEGAL CHALLENGE TO ROAD HOME PROGRAM

WASHINGTON, DC - July 6, 2011 - (RealEstateRama) -- Homeowners living in Cameron, Orleans, Plaquemines, and St. Bernard Parishes may be eligible for additional compensation under the Louisiana’s Road Home Program under the terms of a settlement agree...

LANGTREE REAL ESTATE GROUP LAUNCHES BROKERAGE

Mooresville, NC - July 6, 2011 - (RealEstateRama) -- Langtree Real Estate Group announces brokerage operation in Mooresville. "We are very enthusiastic about launching this new venture" says Brad Howard, Langtree Real Estate Group's President & Principal. "Our focus is to offer the region increased value and services. The key difference in our approach compared to other real estate companies is our vested interest in the area. Our extensive work in land development gives us a unique understanding of this region. We are confident there is no one better positioned to provide such services to the Lake Norman Region as Langtree Real Estate Group."

Business Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.

Recent Gov & Nonprofit Real Estate Press Releases