Archives

Attorney General Pam Bondi Sues Two Foreclosure Management Companies for Defrauding Homeowners Facing Foreclosure

TALLAHASSEE, FL - January 5, 2012 - (RealEstateRama) -- Attorney General Pam Bondi filed a lawsuit and obtained a temporary injunction and limited asset freeze against two foreclosure management companies for misleading distressed homeowners. MGD Manag...

Leading Real Estate Companies of the World® Introduces Association Insurance Marketplace

CHICAGO, IL - December 14, 2011 - (RealEstateRama) -- Leading Real Estate Companies of the World® has joined forces with Colonial Life to offer network members a single source for health, life and personal insurance for both employees and sales associates.

Governor Bobby Jindal Announces the Reappointment of Eugene Montgomery to the Louisiana Citizens Property...

BATON ROUGE, LA - December 7, 2011 - (RealEstateRama) -- Today, Governor Bobby Jindal announced the reappointment of Eugene Montgomery to the Louisiana Citizens Property Insurance Corporation Board of Directors.

Following Toledo Blade Report on City’s Abandoned Home Crisis, Brown Raises Concerns With Federal...

WASHINGTON, D.C. - November 14, 2011 - (RealEstateRama) -- Following a report in the Toledo Blade showing that the City of Toledo is on track to raze a record number of abandoned houses this year, U.S. Sen. Sherrod Brown (D-OH) renewed his call for Con...

Rangel Applauds Raise In Vets Mortgage Insurance

WASHINGTON, D.C. - November 14, 2011 - (RealEstateRama) -- Congressman Charles Rangel praised the announcement made by the Department of Veterans Affairs (VA) today that the maximum amount of Veterans Mortgage Life Insurance (VMLI) increased from $90,0...

Veterans Mortgage Life Insurance Maximum Coverage Increases

WASHINGTON, DC - November 9, 2011 - (RealEstateRama) -- The Department of Veterans Affairs announced today that the maximum amount of Veterans Mortgage Life Insurance (VMLI) increased from $90,000 to $150,000, effective Oct. 1, under the Veterans’ Benefits Act of 2010. Maximum coverage will further increase from $150,000 to $200,000 after Jan. 1, 2012

Chief Financial Officer Jeff Atwater Appoints Carlos Lacasa as New Chairman of Citizens Board...

TALLAHASSEE, FL - September 8, 2011 - (RealEstateRama) -- Florida Chief Financial Officer Jeff Atwater announced today the appointment of Carlos Lacasa as the Chairman of the Board of Governors for Citizens Property Insurance Corporation. Lacasa, from Miami, is a former state representative and has more than 20 years of experience as an attorney with expertise in the insurance industry

While Relatively Few Homeowners in Catastrophe-Prone Areas Have Earthquake or Flood Insurance Coverage, Those...

WESTLAKE VILLAGE, CA - September 1, 2011 - (RealEstateRama) -- Among homeowners insurance policyholders, those with flood insurance tend to be significantly less satisfied with their policy coverage, compared with policyholders who opt not to carry it, according to the J.D. Power and Associates 2011 U.S. National Homeowners Insurance StudySM released today.

Hurricane Irene Underscores Importance of Reauthorizing National Flood Insurance Program

Washington, DC - August 26, 2011 - (RealEstateRama) -- As homeowners across the East Coast brace for Hurricane Irene and the heavy rains that are expected to fall over the next few days, the current threat underscores the importance of flood insurance, which is the only way for homeowners to financially protect their property or businesses from flood damages.

CFO Jeff Atwater Announces Arrest of Central Florida Contractor in Sinkhole Repair Billing Scam

TALLAHASSEE, FL - August 16, 2011 - (RealEstateRama) -- Florida Chief Financial Officer Jeff Atwater today announced the arrest of an Oviedo business owner for overbilling State Farm Insurance Company for fraudulent sinkhole claim repairs. Michael Hodge, owner of A&M Contracting Company, is charged with multiple counts of racketeering and insurance fraud involving billings of materials he never used to repair properties in Orange, Seminole and Volusia counties.

Lt. Governor Taylor Announces Ohio Auto and Homeowners Rates Remain Competitive in 2010

COLUMBUS, OH - August 12, 2011 - (RealEstateRama) -- Lieutenant Governor and Department of Insurance Director Mary Taylor announced Ohio’s 2010 average auto and homeowners insurance rates were among the most competitive in the United States. The De...

OFIR Releases PSAs Helping Consumers Shop for Auto, Home Insurance

LANSING, MI - August 9, 2011 - (RealEstateRama) -- The Office of Financial and Insurance Regulation (OFIR) announced today that it has released radio public service announcements (PSAs) aimed at helping Michigan consumers shop around for more affordable automobile and homeowners insurance rates. The PSAs, which can be heard on radio stations throughout the state, advise Michigan drivers and homeowners to use OFIR resources to help them stretch their insurance dollar.

New Jersey Division of Consumer Affairs Takes Action Against Seven Illegal “Mortgage Loan Modification”...

NEWARK, NJ - August 3, 2011 - (RealEstateRama) -- Continuing the State’s on-going efforts to thwart fraudulent “mortgage loan modification” enterprises, Attorney General Paula T. Dow and the State Division of Consumer Affairs filed administrative actions against seven businesses for illegally offering mortgage modification services to homeowners in dire financial straits. State law requires that anyone providing these services in New Jersey be licensed as a Debt Adjuster by the Department of Banking and Insurance, or be otherwise authorized.

Market Share on Rise for Manufactured Housing Industry

Arlington, VA - August 3, 2011 - (RealEstateRama) -- As the United States continues to deal with a still-struggling economy, it might be easy to assume that all of the housing industry is part of the same scenario. However, industry leaders such as Thayer Long, president and CEO of the Manufactured Housing Institute (MHI), believe manufactured housing is a key economic solution for present and future home buyers.

SMARTERSAFER.ORG URGES SENATE TO IMMEDIATELY ACT ON NFIP REFORM AFTER HOUSE PASSES REAUTHORIZATION ON...

Washington, DC - July 13, 2011 - (RealEstateRama) -- SmarterSafer.org today urged the United States Senate to immediately act on National Flood Insurance Program (NFIP) reform without weakening the legislation’s effectiveness. The House of Representatives passed legislation to reauthorize the program until Sept. 30, 2016 on an overwhelming bipartisan vote of 406-22.

Does Your Mobile Home Insurance Cover Flood?

BISMARCK, N.D. - July 12, 2011 - (RealEstateRama) -- North Dakota residents whose mobile homes have been flooded will need to provide proof that their mobile home insurance has no flood coverage before they can receive disaster housing assistance fr...

Second Building Phase at Cranberry Hill Estates Selling Briskly

SHELTON, CT - July 1, 2011 - (RealEstateRama) -- A one-of-a-kind mix of classic style, smart energy-efficient features and luxurious amenities have helped propel steady sales at Shelton’s new Cranberry Hill Estates as phase two of construction at the Armstrong Road community continues, reports John Tarducci, Senior Vice President of the New Homes Division at William Raveis Real Estate, Mortgage & Insurance.

American Institute of Architects To Develop Database of Stalled Projects Suitable for Investor Financing

Chicago, IL - June 29, 2011 - (RealEstateRama) -- The American Institute of Architects (AIA) today announced it would make available to potential investors a database of stalled building projects nationwide that make economic sense but which lack the financing to be completed.The AIA is announcing this commitment here today as a participating member at CGI America, the first conference of the Clinton Global Initiative solely dedicated to economic issues impacting the United States. The database should be available in coming months.

Builders Back Reauthorization of Flood Insurance Program

WASHINGTON, D.C. - June 23, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today expressed support for a five-year extension of the National Flood Insurance Program (NFIP) to ensure that the federally-backed flood insurance program remains efficient and effective in protecting flood-prone properties and creates more stability in the housing market.Testifying before the Senate Banking Committee, Barry Rutenberg, first vice chairman of NAHB and a home builder from Gainesville, Fla., told lawmakers that because the NFIP has had to undergo a series of short-term extensions over recent years, it has created a high level of uncertainty in the program and caused severe problems for the nation’s already troubled housing markets.

Campbell Introduces Bill to Reduce Commercial Property Insurance Prices

Washington, DC - June 17, 2011 - (RealEstateRama) -- Representative John Campbell (R-CA) and Representative Peter Welch (D-VT) have introduced H.R. 2126, the Risk Retention Modernization Act to allow risk retention groups (RRGs) and risk purchasing groups (RPGs) to expand their insurance offerings to include commercial property coverage. This legislation would encourage increased competition in premiums and significantly lower the rates consumers, especially small businesses, pay in places where coverage is currently very limited and relatively unaffordable.

Business Real Estate Press Releases

FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.

Recent Gov & Nonprofit Real Estate Press Releases

USDOJ

California Real Estate Developer Sentenced to 15 Months for Making Conduit...

Oakland-area real estate developer James Tong was sentenced to 15 months today for funneling tens of thousands of dollars of his own money through straw donors into two consecutive congressional campaigns for a member of the U.S. House of Representatives