Archives

Boston, MA - January 14, 2012 - (RealEstateRama) -- Nixon Peabody LLP will promote 13 attorneys, including eight female lawyers, to its partnership effective February 1, 2013.

Las Vegas, NV - January 14, 2012 - (RealEstateRama) -- As part of the fiscal cliff deal, the Mortgage Debt Forgiveness Act of 2007 has been extended for one more year and will now expire on December 31, 2013. The relief act's extension was seen as vita...

Topeka, KS - January 14, 2012 - (RealEstateRama) -- Kansas Governor Sam Brownback issued the following statement regarding Friday's school finance ruling by the Shawnee County District Court.

Washington, D.C. - January 08, 2012 - (RealEstateRama) -- Congresswoman Virginia Foxx, R-NC, today issued the following statement regarding her vote against H.R. 41, legislation that would increase federal deficit spending by granting additional borro...

WASHINGTON, D.C. - January 08, 2012 - (RealEstateRama) -- The Housing and Economic Recovery Act (HERA) of 2008 made statutory changes to how income limits are calculated for LIHTC and bond-financed properties. HERA protected owners from rent decreases in 2009, and established a new system for owners to hold their income limits and rents harmless beginning in 2010.

WASHINGTON, D.C. - January 04, 2012 - (RealEstateRama) -- Construction employers added 30,000 jobs in December while the industry's unemployment rate hit 13.5 percent, according to an analysis of new federal data released today by the Associated General Contractors of America. Association officials noted that the monthly increase was the largest in nearly two years, driven primarily by increases in private sector demand for construction.

January 04, 2012 - (RealEstateRama) -- While portions of the fiscal cliff were averted, the bill failed to replace the across-the-board cuts to domestic and defense spending, known as sequestration, with alternative deficit reduction measures. The deal...

BISMARCK - January 03, 2012 - (RealEstateRama) -- The Industrial Commission of North Dakota has reported that more than 600 private investors have successfully capitalized the $15 million state Housing Incentive Fund (HIF).

Washington, D.C. - January 02, 2012 - (RealEstateRama) -- Congressman Mario Diaz-Balart (R-FL) released the following statement in response to the passage of H.R. 4212, Drywall Safety Act of 2012.

TALLAHASSEE, FL - January 02, 2012 - (RealEstateRama) -- Attorney General Pam Bondi issued the following statement on Congress’ one-year tax relief extension for consumers who have mortgage debt canceled or forgiven due to financial hardship or a dec...

New York, NY - December 21, 2012 - (RealEstateRama) -- The Lawyers' Committee for Civil Rights Under Law (Lawyers' Committee) and pro bono counsel McDermott Will & Emery LLP (McDermott) filed a lawsuit, Culliver et al. v. Alarcon Law Group, P.C. et al., in Kings County, New York on behalf of 17 homeowners from New York and nine other states against a network of for-profit loan modification companies. The suit alleges that defendants, led by New York attorney Rory M. Alarcon, defrauded vulnerable homeowners out of tens of thousands of dollars by falsely promising—for substantial upfront fees and also monthly membership fees—to obtain much-needed mortgage modifications on their behalf, but consistently failing to deliver results.

December 20, 2012 - (RealEstateRama) -- Montgomery County homeowners who are eligible for Maryland’s Homestead Property Tax Credit must submit a one-time application with the Maryland State Department of Assessments and Taxation (SDAT) by December 31...

New York, NY - December 18, 2012 - (RealEstateRama) -- While New York City rents have rebounded in the past couple of years, renting still appears to offer a better financial value than buying in the Manhattan housing market, according to a recent stud...

TALLAHASSEE, FL - December 12, 2012 - (RealEstateRama) -- Florida Chief Financial Officer Jeff Atwater released the following statement regarding his public comments to the Federal Housing Finance Authority regarding the proposed tax on Floridians. The...

December 12, 2012 - (RealEstateRama) -- I am honored that the members of our Senate Republican Conference have voted unanimously today to reelect me as their leader. I appreciate their support and confidence, and look forward to being a strong voice f...

WASHINGTON, DC - December 12, 2012 - (RealEstateRama) -- Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing on the Department of Housing and Urban Development’s rental housing assistance programs. The Committee heard from HUD Assistant Secretary for Public and Indian Housing Sandra B. Henriquez

Vancouver, WA - December 6, 2012 - (RealEstateRama) -- The Board of County Commissioners today approved a balanced budget for 2013 and 2014 following public hearings that began Monday, as required by law.

WASHINGTON, D.C. - November 29, 2012 - (RealEstateRama) -- Yesterday, President Barack Obama signed into law H.R. 2606, the New York Natural Gas Supply Enhancement Act sponsored by Congressman Michael Grimm and Congressman Gregory W. Meeks. The bill a...

CHARLESTON - November 29, 2012 - (RealEstateRama) -- Attorney General Darrell McGraw announced today that Murray LLP, a Texas law firm, agreed to permanently discontinue offering a service to West Virginia foreclosure victims that a lawsuit filed by Mc...

WASHINGTON, D.C. - November 29, 2012 - (RealEstateRama) -- The Center for Responsible Lending and the Financial Services Roundtable today asked Congress to extend the Mortgage Forgiveness Debt Relief Act, which is set to expire at year’s end. “This tax law has bi-partisan support and is critical to helping homeowners and communities struggling with the ongoing foreclosure crisis,” the two organizations said in joint letters to House and Senate leaders. “Furthermore, the housing market is beginning to show signs of a recovery, and expiration of this law would threaten the recovery.”