Monthly Archives: July 2011

WASHINGTON, DC - July 14, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan and U.S. Department of Veterans Affairs Secretary Eric K. Shinseki announced today that HUD will provide $46.2 million to public housing agencies in all 50 states and the District of Columbia to supply permanent housing and case management for 6,790 homeless veterans in America.

Torrance, CA - July 14, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $2 million transaction for a pair of contiguous industrial R&D units totaling 18,174 square feet at 1041 S. Placentia Avenue in Fullerton, Calif.

IRVINE, CA - July 14, 2011 - (RealEstateRama) -- RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Midyear 2011 Foreclosure Market Report, which shows a total of 1,170,402 U.S. properties received foreclosure filings — default notices, auction sale notices and bank repossessions — in the first six months of 2011, a 25 percent decrease from the previous six months and a 29 percent decrease from the first half of 2010. The report also shows that 0.90 percent of all U.S. housing units (one in 111) had at least one foreclosure filing in the first half of the year.

BROOKLYN, NY - July 14, 2011 - (RealEstateRama) -- Real estate brokers from Brooklyn and beyond will gather on a spectacular rooftop location on Wednesday, July 20th from 5:30 to 7 p.m. for the “Arias Park Slope Amenity Showcase,” a twilight event which will highlight the world-class recreational amenities at Brooklyn’s most desirable luxury rental building.

Washington D.C. - July 14, 2011 - (RealEstateRama) -- The deadline for homeowners to qualify for the Emergency Homeowners’ Loan Program (EHLP) is rapidly approaching with all Pre-Applicant Screening Worksheets due by Friday, July 22, 2011.The EHLP, launched by the U.S. Department of Housing and Urban Development (HUD) in conjunction with NeighborWorks® America in June, is designed to help homeowners who are at risk of foreclosure in 27 states across the country and Puerto Rico. The program assists homeowners who have experienced a reduction in income and are at risk of foreclosure due to involuntary unemployment or underemployment, due to economic conditions or a medical condition.Under EHLP guidelines eligible homeowners can qualify for an interest free loan which pays a portion of their monthly mortgage for up to two years, or up to $50,000, whichever comes first.

West Hartford, CT - July 14, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with the Apartment Owners Association Of Connecticut, or AOACT, is announcing the July 2011 meeting of the AOACT. This event will take place on July 20 from 5:45pm to 9:00pm at the Crowe Plaza Hotel, located at 100 Berlin Road in Cromwell, CT. This event is free for AOACT and CT REIA members, and $30 for non-members.

Columbia, MO - July 14, 2011 - (RealEstateRama) -- Mitigation experts from the Federal Emergency Management Agency (FEMA) will be in Florissant to offer free rebuilding information and answer questions about how to strengthen property against future storm and flood damage.

WASHINGTON, D.C. - July 14, 2011 - (RealEstateRama) -- Henry V. Cunningham Jr., CMB, a member of the Mortgage Bankers Association’s (MBA) Board of Directors and Chairman of MBA’s Residential Board of Governors (RESBOG), testified today before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity at a hearing titled, “Mortgage Origination: The Impact of Recent Changes on Homeowners and Businesses.”Below is Mr. Cunningham’s oral statement before the subcommittee, as prepared for delivery.

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.

July 13, 2011 - (RealEstateRama) -- The Department of Human Services is opening its lobby at 741 Monticello Ave. today to homeless individuals and others in need of relief in response to the Extreme Heat Watch issued by the National Weather Service for the Hampton Roads region. In addition, all branches of the Norfolk Public Library will have their lobbies available to any citizens who need to get out of the heat.

CLEVELAND, OH - July 13, 2011 - (RealEstateRama) -- Ohio Attorney General Mike DeWine today announced a lawsuit against foreclosure rescue company Diversified Real Estate Consultants LLC (DREC), its affiliates, and its owner for multiple violations ...

WASHINGTON, D.C. - July 13, 2011 - (RealEstateRama) -- Even after they find a new job, many North Carolinians who have been unemployed during the economic downturn still struggle to hold onto their homes. They may have either missed payments when t...

PORTLAND, OR - July 13, 2011 - (RealEstateRama) -- Two members of an alleged drug trafficking organization were arraigned today on money laundering and marijuana trafficking charges involving the abuse of the Oregon Medical Marijuana Program (OMMP), U....

BOISE, ID - July 13, 2011 - (RealEstateRama) -- Melody C. Redondo, 33, of Meridian, Idaho, was sentenced today to 15 months in prison followed by five years of supervised release for making a false statement to a financial institution, U.S. Attorney We...

EAST RUTHERFORD, N.J. - July 13, 2011 - (RealEstateRama) -- Lee Winter has re-joined commercial real estate services firm Cushman & Wakefield, Inc. in East Rutherford, as a director in its Global Business Consulting Group’s Business Incentives Practice. He brings nearly three decades of industry experience – including more than 15 years in the location advisory services arena – to his new position.

WASHINGTON, DC - July 13, 2011 - (RealEstateRama) -- Today, Congresswoman Lois Capps (CA-23) voted for the Flood Insurance Reform Act of 2011 (H.R. 1309), which passed the House by a vote of 406-22. The bill re-authorizes the National Flood Insurance Program for five years, and makes needed reforms to address the financial stability of the program by phasing out non-essential premium subsidies. The legislation is particularly relevant for homeowners in the Santa Maria Valley and the cities of Oxnard and Ventura. The County of Santa Barbara, the County of Ventura, and the City of Santa Maria all written letters to the Congresswoman expressing support for the legislation.

Washington, D.C. - July 13, 2011 - (RealEstateRama) -- Today, U.S. Senator Barbara Boxer (D-CA) held a press conference call to discuss her bill, the Helping Responsible Homeowners Act of 2011, which would remove barriers that have prevented millions of homeowners with non-delinquent, Fannie Mae or Freddie Mac-backed mortgages from refinancing at historically low interest rates. She also urged the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, to use its existing authority to eliminate these obstacles to refinancing.

Washington, DC - July 13, 2011 - (RealEstateRama) -- Today, the House Financial Services Committee approved legislation introduced by Rep. Ed Royce (R-CA), the "Housing Trust Fund Elimination Act." Royce’s legislation eliminates the Affordable Housing Trust Fund established in 2008 as part of the Housing and Economic Recovery Act.

WASHINGTON, D.C. - July 13, 2011 - (RealEstateRama) -- Today, the House of Representatives unanimously approved the Burton-Stark amendment to H.R. 1309, the Flood Insurance Reform Act of 2011, which requires the Federal Emergency Management Agency t...

ORLANDO, FL - July 13, 2011 - (RealEstateRama) -- The latest gadgets, motivational advice from top trainers and a chance to network with other real estate professionals: That’s what the Florida Realtors® 2011 Convention & Trade Expo has to offer – opportunities to learn new best practices, discover innovative marketing approaches and boost business.Realtors® from across Florida are expected to attend the state association’s 95th annual convention on Aug. 24-28, 2011, at the Rosen Shingle Creek resort in Orlando. The event features more than 54 educational sessions on topics as varied as handling short sales, social media trends, personal branding and home pricing strategies.