Archives

Trenton, NJ - July 21, 2011 - (RealEstateRama) -- Highlighting the direct relief provided to New Jersey seniors in his Fiscal Year 2012 Budget, Governor Chris Christie today met with senior Sultana Kizides at her home in Perth Amboy to have a conversation about how his budget maintains fiscal discipline while prioritizing and funding core priorities to assist New Jersey seniors

LOS ANGELES, CA - July 19, 2011 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds Gov. Jerry Brown on signing SB 458 (Corbett) into law. SB 458 extends the protections of SB 931 (2010), to ensure that any lender that agrees to a short sale must accept the agreed upon short sale payment as payment in full of the outstanding balance of all loans.

HARRISBURG, PA - July 15, 2011 - (RealEstateRama) -- The board of the Pennsylvania Housing Finance Agency yesterday conditionally approved $11.2 million in funding and approximately $30 million in tax credits for the construction of affordable multifamily housing developments located throughout Pennsylvania.

La Jolla, CA - July 12, 2011 - (RealEstateRama) -- Southern California home sales last month shot up more than usual from May to the highest level for any month since June 2010, when the market got its last big boost from homebuyer tax credits. Sales of lower-cost homes, driven by investors and first-time buyers, and even high-end sales continued to outshine traditional move-up activity in middle price ranges, a real estate information service reported.

July 6, 2011 - (RealEstateRama) -- Federal tax credits and other financing awarded last week to build affordable apartments is expected to support 6,900 jobs statewide. More than $300 million in development will result from the federal tax credit...

Albany, NY - July 6, 2011 - (RealEstateRama) -- Governor Andrew M. Cuomo today traveled to Monroe County to sign New York's first property tax cap.. The tax cap, a hallmark of Governor Cuomo's campaign and a priority of his administration's first year, will finally deliver relief to millions of homeowners and business owners across the state who for too long have been burdened by out-of-control property taxes.

FRANKFORT, KY - July 6, 2011 - (RealEstateRama) -- The Kentucky Department of Revenue has set the 2011 State Real Property Tax Rate at 12.2 cents per $100 of assessed value – the same rate as last year. Kentucky Revised Statute 132.020 requires t...

Albany, NY - July 5, 2011 - (RealEstateRama) -- Governor Andrew M. Cuomo today traveled to Erie County to sign New York's first property tax cap. The tax cap, a hallmark of Governor Cuomo's campaign and a priority of his administration's first year, will finally deliver relief to millions of homeowners and business owners across the state who for too long have been burdened by out-of-control property taxes.

WASHINGTON, DC - July 5, 2011 - (RealEstateRama) -- The Justice Department announced today that it has sued the Mortgage Guaranty Insurance Corporation (MGIC), the nation’s largest mortgage insurance company, and two of its underwriters, Elgina Cunningham and Kelly Kane, for violating the Fair Housing Act by discriminating against women on paid maternity leave.

July 1 30, 2011 - (RealEstateRama) -- Early Friday morning, on the first day of the new fiscal year, Senate Democratic leaders led passage of a budget bill that ensures Connecticut will have a balanced budget for the next biennium. As a result of the failure of the state employee unions to ratify the $1.6 billion concessions package, the General Assembly worked with the Malloy Administration to craft legislation that closes the budget gap—$700 million in the current fiscal year.

New York, NY - July 1 30, 2011 - (RealEstateRama) -- The Governor signed the law passed by the Senate on June 24, 2011, and sponsored by Senate Majority Leader Dean G. Skelos. The law caps school and local government taxes to less than two percent or the Consumer Price Index (CPI), whichever is lower. The new law also includes $127 million in mandate relief savings to local governments, in addition to the creation of a Mandate Relief Council to identify and repeal unsound, unduly burdensome laws and regulations

Albany, NY - July 1 30, 2011 - (RealEstateRama) -- Governor Andrew M. Cuomo today traveled to Westchester County to sign New York's first property tax cap. The tax cap, a hallmark of Governor Cuomo's campaign and a priority of his administration's first year, will finally deliver relief to millions of homeowners and business owners across the state who for too long have been burdened by out-of-control property taxes

HARRISBURG, PA - June 30, 2011 - (RealEstateRama) -- Wondering where your property tax or rent rebate payment is? State Treasurer Rob McCord provided an answer today when he said Treasury will issue approximately half a million payments totaling $240 million to Pennsylvanians on July 1.

New York, NY - June 30, 2011 - (RealEstateRama) -- Assembly Speaker Sheldon Silver and Housing Committee Chair Vito Lopez today announced passage of legislation to extend the rent laws and expand rent protections for tenants for the first time since 1993.

New York, NY - June 30, 2011 - (RealEstateRama) -- Assembly Speaker Sheldon Silver announced today the passage of the Affordable Housing Act (A.8518) that would provide relief for working families across the state by capping growth in local property tax levies at two percent. The legislation also includes significant mandate relief for local government and school districts.

June 30, 2011 - (RealEstateRama) -- The New York State Senate today passed historic property tax relief legislation that enacts a cap on the growth of local property taxes. The bill (S.5856), sponsored by Senate Majority Leader Dean G. Skelos, will cap school and local government taxes to less than two percent or the Consumer Price Index (CPI), whichever is lower. Mandate relief is also included, with $127 million in savings to local governments, in addition to the creation of a Mandate Relief Council to identify and repeal unsound, unduly burdensome laws and regulations

WASHINGTON, D.C. - June 17, 2011 - (RealEstateRama) -- Montana’s Congressman, Denny Rehberg, today supported an amendment to the Energy and Water Appropriations bill to provide emergency funding in response to flooding in the Missouri and Mississippi...

New York, NY - June 16, 2011 - (RealEstateRama) -- "Affordable housing is an all too scarce commodity, especially in New York City and the surrounding areas. Our state's rent protection laws are essential and any long term expiration would create a crisis. Last night the State Senate -- both Democrats and Republicans -- failed to continue the laws beyond their expiration.

June 16, 2011 - (RealEstateRama) -- Senate Majority Leader Martin Looney (D-New Haven / Hamden), Senator Carlo Leone (D-Stamford), and Senator Eileen Daily (D-Westbrook) say passage of Senate Bill 377 will give municipalities the option to waive interest owed on property taxes by members of the armed services who are on active duty.

SAN JOSE, CA - June 9, 2011 - (RealEstateRama) -- The Law Foundation of Silicon Valley (the Law Foundation), the Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee), and pro bono counsel Orrick, Herrington & Sutcliffe LLP (Orrick) filed a class action lawsuit on behalf of California homeowners who have been victimized by a network of scam artists preying on vulnerable homeowners. As a result of this alleged loan modification scam, the victims have lost hundreds of thousands of dollars.