Authors Posts by RealEstateRama

RealEstateRama is an Internet based Real Estate News and Press Release distributor for Real Estate publishing community.

Chris Hunt is a RealEstateRama Staff editor.
He has manage to selection and verify the real estate news for USA States.

Email :

City : NY

State : NY

Country : USA

Postal Code : 99345


Alexandria, VA - March 4, 2011 - (RealEstateRama) -- An analysis in the March issue of the ABI Journal found that several bankruptcy courts are dealing with the foreclosure crisis through the adoption of loss-mitigation programs (LMPs). As Congress examines a possible repeal of the Home Affordable Modification Program (HAMP) due to ineffectiveness in modifying mortgages, John Rao of the National Consumer Law Center Inc. in Boston writes that several bankruptcy courts have provided a useful solution through the adoption of LMPs.

LMSPN Spotlights Loan Scams for National Consumer Protection Week

WASHINGTON, DC - March 4, 2011 - (RealEstateRama) -- In conjunction with National Consumer Protection Week (NCPW), March 6-12, NeighborWorks America, The Lawyers Committee for Civil Rights Under Law, HOPE Now, Fannie Mae, Freddie Mac and a coalition of national government agencies, nonprofit organizations and financial institutions are empowering homeowners to combat loan modification scams.

US Labor Department seeks debarment of construction contractor for labor violations at New York...

NEW YORK, NY - March 4, 2011 - (RealEstateRama) -- The U.S. Department of Labor has taken legal action to seek debarment of Lettire Construction Corp., a New York City general contractor, and Nicholas Lettire, president of the company, from working on future federally funded contracts for a period of three years.

FHLBank San Francisco Hosts Foreclosure Prevention Workshop for Distressed Homeowners in Orange County

Ladera Ranch, CA - March 3, 2011 - (RealEstateRama) -- More than 300 homeowners attended a Foreclosure Prevention Workshop hosted by the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and the Orange County Home Ownership Preservation Collaborative. Rep. Ken Calvert (CA-44) was a special guest at the event, which was held Saturday, February 26, 2011.

Cutting Foreclosure Help Would Leave Millions at Risk and Jeopardize Economic Recovery

March 2, 2011 - (RealEstateRama) -- Even as 50,000 new foreclosures start every week, the House Financial Services Committee votes tomorrow on four bills to dismantle programs aimed at helping homeowners. Industry figures show that more households than ever are in some stage of foreclosure, with over five million mortgage holders now at risk of losing their homes. Avoiding unnecessary foreclosures and encouraging loan modifications will be key to economic recovery, as the nation is sorely missing the jobs and growth provided by a healthy housing market.

HomeAway Unveils New Vacation Rental ‘Community’ Site

AUSTIN, TX - March 1, 2011 - (RealEstateRama) -- HomeAway ®, Inc. – the world’s leading network of online vacation rentals – today introduced Community from HomeAway, a site for vacation rental owners and managers to share expertise and opinions, and access blogs and resources to optimize their vacation rental businesses

FTC Mails Redress Checks to Victims of Foreclosure Rescue Scam

February 28, 2011 - (RealEstateRama) -- An administrator working for the Federal Trade Commission is mailing 1,455 refund checks to consumers defrauded by a mortgage loan modification and foreclosure rescue scam. The FTC alleged, and the court found, that operators of the scam falsely told consumers they would prevent their homes from being foreclosed and negotiate lower mortgage interest rates, monthly payments, and principal balances. The court also found that homeowners got few, if any, loan modifications, and many people lost their homes to foreclosure after paying up to $5,500.

Fannie Mae’s Latest National Housing Survey Shows Key Changes in Americans’ Attitudes Toward Housing...

WASHINGTON, DC - February 28, 2011 - (RealEstateRama) -- Fannie Mae's latest national housing survey finds that Americans are more confident about the stability of home prices than they were at the beginning of 2010, even though they lack confidence in the strength of the economy:

Enterprise Receives $62 Million in New Markets Tax Credit Allocation from CDFI Fund

COLUMBIA, MD - February 25, 2011 - (RealEstateRama) -- Enterprise Community Investment, Inc. (Enterprise), a national leader in community development and affordable housing, today secured $62 million in New Markets Tax Credit (NMTC) allocation from the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund). Enterprise is one of 99 Community Development Entities receiving an allocation of the $3.5 billion in NMTC awarded as part of the Tax Relief, Unemployment Insurance Authorization and Job Creation Act of 2010. This new allocation brings Enterprise’s total NMTC awards to $672 million, $595.5 million of which has previously been invested in low-income communities nationwide, making it one of the largest allocatees of NMTCs in the country

Crescent Resources Names Well-Known Real Estate Attorney General Counsel

CHARLOTTE, N.C. - February 25, 2011 - (RealEstateRama) -- … Crescent Resources, LLC hired Charlotte real estate attorney Nina Shor to serve as general counsel and create the company’s in-house legal department. Shor brings more than 25 years of experience to the new post

Second Phase of Downtown Revitalization Plan for Spring Valley Kicks Off With Groundbreaking for...

SPRING VALLEY, NY - February 24, 2011 - (RealEstateRama) -- Continuing a comprehensive urban renewal plan to revitalize downtown Spring Valley, Village, County, Town and State officials today joined with representatives of CPC Resources, Inc. and Rockland Housing Action Coalition to celebrate the groundbreaking of a multi-use development featuring affordable housing and commercial space in downtown Spring Valley.

Bankrate: Mortgage Rates Down 2 Weeks in a Row

NEW YORK, N.Y. - February 24, 2011 - (RealEstateRama) -- Mortgage rates retreated further this week, with the benchmark conforming 30-year fixed mortgage rate dropping back to 5.09 percent, according to's weekly national survey. The average 30-year fixed mortgage has an average of 0.45 discount and origination points


February 24, 2011 - (RealEstateRama) -- Kim Armanini of Apollo Home Mortgage and Carole Morgan of StageRight Home Staging were named Affiliate of the Year. The Association cites their outstanding contribution to their industry by participating in local Association and community activities

FBI Chicago Building Receives “The Outstanding Building of the Year Award” from BOMA Chicago

February 24, 2011 - (RealEstateRama) -- USAA Real Estate Company is pleased to announce that the Federal Bureau of Investigation Regional Facility located in Chicago, Illinois recently has been awarded The Outstanding Building of the Year Award (TOBY) in the highly competitive Chicago market.

District Man Indicted in Mortgage Fraud Scheme, Accused of Obtaining $2.4 Million Through the...

WASHINGTON, DC - February 24, 2011 - (RealEstateRama) -- Akinola George, 40, of Washington, D.C., has been indicted by a federal grand jury on charges of bank fraud, mail fraud, and conspiracy to commit bank/mail fraud in a scheme that led to $2.4 million in losses.

Individual State Reports for Commercial Real Estate Development and Construction’s Significant Impact on the...

Washington, D.C. - February 23, 2011 - (RealEstateRama) -- The NAIOP Research Foundation has made individual state reports available that detail the state's data for commercial construction spending, employment and personal earnings in a 2009 vs. 2007 comparison.

Census Bureau Releases Detailed Data on Seattle Metro Area Housing

February 22, 2011 - (RealEstateRama) -- Homeowners in the Seattle-Tacoma, Wash., metro area paid a median of $1,576 in monthly housing costs in 2009, compared with $1,019 for renters, according to data released today by the U.S. Census Bureau and the Department of Housing and Urban Development. Renters, however, typically paid a higher percentage of their household income on housing costs than did owners (30 percent compared with 23 percent). These figures come from the 2009 American Housing Survey (AHS), which provides extensive data on the quality and characteristics of the housing supply in selected metropolitan areas around the nation. Data for these areas are published on a rotating basis. In addition to Seattle, data were released today for the New York, Chicago, Philadelphia, Northern New Jersey, and Detroit metro areas.

FHLBank San Francisco Awards $36.6 Million in Affordable Housing Grants in Eight States

February 22, 2011 - (RealEstateRama) -- The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $36.6 million in Affordable Housing Program (AHP) grants in the second round of its 2010 funding competition. The grants approved by the Bank’s Board of Directors in AHP Round B were awarded to 60 projects that address the affordable housing needs of communities in Arizona, California, Colorado, Illinois, Michigan, Nevada, New Jersey, and Washington, and will produce or preserve 3,213 housing units that are affordable to lower-income individuals and families. The total amount of AHP funds awarded in 2010 is $69.1 million.

HomeAway Launches Vacation Rental Search Application for Android™ Users

AUSTIN, TX - February 22, 2011 - (RealEstateRama) -- HomeAway® , Inc. – the world’s leading network of online vacation rentals – today announced the launch of its HomeAway Vacation Rental Search Application for Android. The app, developed by Mobiata, creators of the popular travel applications FlightTrack and TripDeck, enables travelers to search, filter and share the more than 230,000 global vacation rental listings available on Android users can now download the application for free from the Android Market. Unveils Exclusive Partnership with Oodle

NORFOLK, VA - February 22, 2011 - (RealEstateRama) -- For Rent Media Solutions™, a leading resource for searching apartments nationwide and a division of Dominion Enterprises, announced today that, the company’s anchor web site, has entered into an exclusive partnership with Oodle, whose Marketplace on Facebook and has more than 14 million monthly unique users. Under this partnership, customers will enhance its presence within the Marketplace by having its listings integrated with its Facebook Page and social graph of fans. This enhanced exposure on Facebook and in Marketplace will drive new leads and referrals to customers.

Business Real Estate Press Releases

Recent Gov & Nonprofit Real Estate Press Releases


GSA’s Proving Ground Program Selects Grid-Interactive Efficient Building Solutions for Evaluation

The U.S. General Services Administration’s Proving Ground (GPG) in partnership with the U.S. Department of Energy's High Impact Technology Catalyst (HIT) program has selected four Grid-interactive Efficient Building (GEB) solutions for testing in GSA facilities.