Laws & Taxes

Laws & Taxes

Justice Department Announces Indictment and Six Lawsuits Targeting False Claims for First-time Homebuyer and...

WASHINGTON, DC - February 9, 2011 - (RealEstateRama) -- The United States has filed six lawsuits in five states to stop tax return preparers from fraudulently claiming the first-time homebuyer tax credit and the earned-income tax credit, the Justice Department announced today. The filings of those civil injunction complaints coincided with the indictment of a Philadelphia man on criminal charges of fraudulently claiming the first-time homebuyer credit. All of these actions are part of the Justice Department’s continuing efforts to halt tax scams involving false claims for tax credits and to prosecute those who fraudulently file tax returns containing those claims.

BOMA International Adopts Policy Positions on FIRPTA and Data Access

WASHINGTON, DC - February 9, 2011 - (RealEstateRama) -- The Building Owners and Managers Association (BOMA) International’s Board of Governors recently passed two new policy positions in response to important, emerging issues. Foreign Investment in Real Property Tax Act (FIRPTA) Policy Position: BOMA International supports amending, if not the outright repeal of, FIRPTA to increase the amount of foreign capital invested in the U.S. commercial real estate market

Snowe, Feinstein, Bingaman Applaud White House Support for Increasing Energy Efficient Commercial Building Tax...

WASHINGTON, D.C. - February 4, 2011 - (RealEstateRama) -- U.S. Senators Olympia J. Snowe (R-Maine), Dianne Feinstein (D-California) and Jeff Bingaman (D-New Mexico) applauded President Obama’s support for provisions in S. 1637, the Expanding Build...

Mayor Says Legislative Action Could Increase Local Property Taxes Or Lead To Major Cuts

February 3, 2011 - (RealEstateRama) -- Mayor Chris Beutler today said cities are willing to do their part to help the State solve its budget crisis. But he called on the State Legislature to reconsider proposals that could force cities to raise pro...

Real property taxes are due soon

L?HU‘E, HI - January 20, 2011 - (RealEstateRama) -- County officials would like to remind Kaua‘i property owners that the second installment of real property taxes for the 2010-2011 tax year is due on Feb. 20

Statement of Charles E. Haldeman, Jr., Freddie Mac Chief Executive Officer, on Loan Repurchase...

McLean, VA - January 4, 2011 - (RealEstateRama) -- I'm pleased to reach this agreement with Bank of America and believe it is in all parties' best interests. Since entering federal conservatorship, Freddie Mac has focused sharply on being a responsible steward of taxpayer funds, and we have worked closely with our lender partners to ensure that standards for loan underwriting are vigorously maintained. Bank of America has long been one of Freddie Mac's largest and most important business partners and we look forward to continuing our work together to provide mortgage funding for America's families.

Justice Department Settles Disability Discrimination Case Against Property Management Company for $1.25 Million

WASHINGTON, DC - December 28, 2010 - (RealEstateRama) -- The Justice Department today announced a $1.25 million agreement with Warren Properties Inc., Warren Village (Mobile) Limited Partnership and Frank R. Warren to settle allegations that the defendants violated the Fair Housing Act by refusing to grant a tenant’s requests for a reasonable accommodation. This settlement is the largest ever obtained by the department in an individual housing discrimination case.

CHFA Invites Public Comment on Draft Low-Income Housing Tax Credit Procedures

WASHINGTON, D.C. - December 17, 2010 - (RealEstateRama) -- At its December 16th, 2010 meeting, the CHFA Board of Directors approved the Resolution Authorizing for Public Comment Purposes Amendments to the Low-Income Housing Tax Credit Procedures

Justice Department Reaches Settlement with National Mortgage Lender to Resolve Allegations of Lending Discrimination

WASHINGTON, DC - December 8, 2010 - (RealEstateRama) -- PrimeLending, a national mortgage lender with 168 offices in 32 states at the end of 2009, has agreed to pay $2 million to resolve allegations that it engaged in a pattern or practice of discrimination against African-American borrowers between 2006 and 2009.

The FDIC Issues Tips on Shopping for and Negotiating a Good Mortgage in the...

Environmental awareness may be rising, but when it comes to buying a home, green by itself is not an easy sale, according to green market experts who spoke at “The Business Benefits of Green” during the 2007 REALTORS® Conference & Expo last week.

Video: Proposals in Congress Could Leave Taxpayers Footing the Bill in Subprime Mortgage Crisis

WASHINGTON, Nov. 20 /PRNewswire/ -- Subprime mortgage troubles continue as Congress considers proposals impacting taxpayers. The measures would give the federal housing administration or FHA - the largest mortgage insurer - and Freddie Mac and Fannie Mae - the largest mortgage lender - a larger role in the housing market.

Bayh Presses Forward with Property Tax Relief Plan

Washington, Nov. 8, 2007 — U.S. Senator Evan Bayh has enlisted the support of 15 Senate colleagues to join his call to provide property tax relief to 32 million homeowners across the country who do not itemize their federal tax returns by allowing them to deduct their state and local property taxes.

Americans for Prosperity Leads Coalition Effort Against Taxpayer-Funded Sub-prime Mortgage Bailout

WASHINGTON, Oct. 25 /PRNewswire-USNewswire/ -- As Congress continues to debate the sub-prime mortgage issue, the free-market grassroots group Americans for Prosperity is leading a coalition representing millions of citizens to protect the best interests of taxpayers and homeowners.

Study: Wal-Mart Systematically Challenges Property Tax Assessments, Cutting Support for Schools and Other Government...

WASHINGTON, Oct. 10 , /PRNewswire-USNewswire/ --- The first-ever investigation of Wal-Mart's local property tax records finds that the retailer systematically seeks to minimize its payments that support schools and other government services. That's the finding of Rolling Back Property Tax Payments, a report released today by Good Jobs First, a non-profit research center.

Business Real Estate Press Releases

Plaza At Powe rMarketplac

CBRE Completes $16.6 Million Sale of Plaza at Power Marketplace in...

CBRE has completed the $16.6 million sale of Plaza at Power Marketplace, a ±70,961-square-foot shopping center located at 7225 S. Power Road and 18490-18550 E. Rittenhouse Road in Queen Creek, Arizona. The property is located near the Arizona State University Polytechnic Campus and the Phoenix-Mesa Gateway Airport.

Recent Gov & Nonprofit Real Estate Press Releases

Coliving Space is Catching On in Cities Around the World

In virtually every major city around the world, one trend stays constant: the cost of living increases every year. At the heart of this is the cost of housing - which in some cities like New York or Los Angeles will almost invariably consume the overwhelming portion of a person’s income.