Laws & Taxes
RealEstateRama Laws & Taxes
MBA Embraces IRS Decision to Accept Electronic Signatures for Tax Return Transcript Requests
Washington, DC - October 29, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today applauded an announcement by the Internal Revenue Service (IRS) that it will soon begin allowing electronic signatures on Form 4506-T, Request for Transcript of Tax Return. The IRS has indicated it expects to begin accepting electronic signatures on the 4506-T in January, 2013.
State Invests Federal Tax Credits to Boost Affordable Housing Construction
CHICAGO - October 23, 2012 - (RealEstateRama) -- Nearly 700 affordable rental apartments will be built across Illinois, increasing housing opportunities for working families, seniors and people with special needs and disabilities, thanks to the allocat...
Paper Examines Historical Origins of America’s Mortgage Laws
WASHINGTON, DC - October 23, 2012 - (RealEstateRama) -- Today the Mortgage Bankers Association (MBA) released a paper entitled, “The Historical Origins of America’s Mortgage Laws,” conducted by Andra Ghent, Assistant Professor of Real Estate at Arizona State University and sponsored by MBA’s Research Institute for Housing America
2nd Half Property Taxes Due October 31
Doug Lasher, Clark County Treasurer, stated that second-half property taxes are due on Wednesday, October 31, 2012. “If you have not received your 2012 second-half tax statement or have lost it, you can visit our website at www.clark.wa.gov/treasurer...
Law Court Iinvites Amicus Briefs in Appeal of Property-Tax Exemption for Private School as...
October 17, 2012 - (RealEstateRama) -- The Maine Supreme Judicial Court, sitting as the Law Court, invites briefs of amici curiae in Hebron Academy v. Town of Hebron, Law Court docket number Oxf-12-95, scheduled to be argued during the December 2012 se...
Governor Christie Announces $116 Million in New Local Property Tax Relief for New Jersey...
Historic Pension and Tool Kit Reforms Bring Even Greater Savings to Property Taxpayers Trenton, NJ – October 17, 2012 – (RealEstateRama) — Governor Chris Christie today announced that the historic, bipartisan pension reforms signed in...
Man Pleads Guilty in Ohio Federal Court to Tax and Mortgage Fraud Conspiracies
WASHINGTON, D.C. - October 15, 2012 - (RealEstateRama) -- Steven R. Hinz pleaded guilty today to tax fraud and mortgage fraud charges in Cleveland federal court, the Justice Department and Internal Revenue Service (IRS) announced. Hinz’s guilty ple...
Rahall’s Stimulus Funded Solar Panels that “Worked as Long as You Didn’t Put Them...
WASHINGTON, DC - October 9, 2012 - (RealEstateRama) -- West Virginia families and small business owners can’t trust Nick Rahall anymore. It was his $833 billion stimulus that was responsible for giving hundreds of millions of taxpayer dollars to solar companies that wasted it, namely the now-bankrupt Solyndra. Recently, Abound Solar, which received a $63 million loan, filed for bankruptcy after admitting to creating unworkable equipment
Financial Fraud Enforcement Task Force Members Reveal Results of Distressed Homeowner Initiative
WASHINGTON, D.C. - October 9, 2012 - (RealEstateRama) -- Attorney General Eric Holder, Housing and Urban Development (HUD) Secretary Shaun Donovan, FBI Associate Deputy Director Kevin L. Perkins and Federal Trade Commission (FTC) Chairman Jon Leibowitz today announced the results of the Distressed Homeowner Initiative, the first-ever nationwide effort to target fraud schemes that prey upon suffering homeowners.
Record Number of New Users Sign up for ConsensusDocs Standard Contract Documents as the...
WASHINGTON, DC - September 28, 2012 - (RealEstateRama) -- New users subscribing to ConsensusDocs set record high numbers as the standard contract document coalition completed its first five years of operation. The coalition, first established in 2007, said it expects to see continued growth in sales as construction activity begins to pick back up after a years-long decline.
Attorney General Koster announces crackdown on mortgage rescue companies for unfair practices
Jefferson City, MO - September 27, 2012 - (RealEstateRama) -- Attorney General Chris Koster today filed three separate lawsuits against individuals and their companies for misleading Missouri consumers in connection with mortgage-modification services...
Attorney General Kamala D. Harris Announces Final Components of California Homeowner Bill of Rights...
SACRAMENTO, CA - September 26, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced that the final parts of the California Homeowner Bill of Rights have been signed into law by Governor Jerry Brown.
Bellone Announces Balanced Budget Under Property Tax Cap
Hauppauge, NY - September 24, 2012 - (RealEstateRama) -- Suffolk County Executive Steve Bellone announced his Recommended Budget for fiscal 2013 which is balanced, is under the NYS property tax cap, reigns in spending, freezes general fund taxes and do...
Mangano Delivers Third No-Property Tax Hike Budget
New York, NY - September 19, 2012 - (RealEstateRama) -- For the third year in a row, Nassau County Executive Edward P. Mangano delivered to the Legislature a No-Property Tax Increase Budget that reduces spending for a second consecutive year and contin...
Capps Joins Members of the Sustainable Energy and Environment Coalition to Urge Passage of...
WASHINGTON, DC - September 14, 2012 - (RealEstateRama) -- Congresswoman Lois Capps (CA-23) joined her colleagues in the Sustainable Energy and Environment Coalition (SEEC) on the floor of the House of Representatives urging the Speaker to immediately r...
NYCHA Announces Receipt of $44 Million in Low-Income Housing Tax Credit Equity
New York, NY - September 14, 2012 - (RealEstateRama) -- NYCHA Chairman John B. Rhea announced the recent receipt of $44 million in low-income housing tax credit equity payments associated with NYCHA’s Federalization transaction. The purpose of the Fe...
Brown Announces That Housing Advocate And Miami Valley Leader Was Named To Consumer Financial...
WASHINGTON, D.C. - September 13, 2012 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) today announced that a housing advocate and Miami Valley leader has been named to the Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board. Br...
Second Half Property Tax Statements have been mailed
September 12, 2012 - (RealEstateRama) -- Doug Lasher, Clark County Treasurer, announced that second-half 2012 property tax statements have been mailed. Property tax statements include property tax levy amounts, special assessments, and certain fees. Th...
Justice Department Sues Owner of Alabama Mobile Home Park for Engaging in Race Discrimination
WASHINGTON, D.C. - September 11, 2012 - (RealEstateRama) -- The Justice Department announced today that it has filed a lawsuit against the owner and operator of the Heritage Point mobile home park in Montgomery, Ala., alleging that the companies and their employees or officers discriminated against African-Americans.
Gov. Brown signs bill that clarifies real estate broker applicants’ experience requirements
LOS ANGELES, CA - August 28, 2012 - (RealEstateRama) -- A bill sponsored by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) that closes an important loophole in an applicant’s experience requirements for a real estate broker’s license has been si...