California RealEstateRama

Washington, DC - March 10, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, spoke out today against Republican attempts to terminate the Home Affordable Modification Program (HAMP) and the Neighborhood Stabilization Program (NSP). This was the second markup in as many weeks where Committee Republicans ended programs to help people stay in their homes and help communities weather the foreclosure crisis.

LOS ANGELES, CA - March 10, 2011 - (RealEstateRama) -- In an effort to bring attention to the broken and ineffective short sale process and galvanize industry leaders to help resolve the issue, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today has placed an open letter advertisement in California’s seven largest daily newspapers, calling on lenders and industry regulators to streamline and improve the short sale process.

Washington, DC - March 8, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, issued the following statement today after details of the proposed settlement between state attorneys general and mortgage servicers were revealed

LAGUNA HILLS, CA - March 8, 2011 - (RealEstateRama) -- The Muller Company, a full service real estate company specializing in management, investment and development of commercial real estate in the western United States, announced today that the firm has recently started construction on the $3 million renovation of its "mid-century modern" landmark building, the Taj Mahal Medical Center building, formerly known as the Taj Mahal, located at 23521 Paseo de Valencia in Laguna Hills, Calif.

SACRAMENTO, CA - March 7, 2011 - (RealEstateRama) -- A real estate investor pleaded guilty today in U.S. District Court in Sacramento to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, Calif., Christine Varney, Assistant Attorney General of the Department of Justice’s Antitrust Division, and Benjamin B. Wagner, U.S. Attorney for the Eastern District of California, announced.

Oakland, CA - March 7, 2011 - (RealEstateRama) -- California State Sen. Mark Leno (D-San Francisco) and Senate President pro Tem Darrell Steinberg (D-Sacramento) vowed at the end of last year’s legislative session that they would not give up on trying to prevent wrongful foreclosures of California homeowners. Their 2010 bill, which would have put an end to banks’ pursuing foreclosures while simultaneously considering loan modifications, passed the Senate but failed in the Assembly

Washington, DC - March 4, 2011 - (RealEstateRama) --Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, took Committee Republicans to task today for voting to defund two programs that help struggling homeowners.

Los Angeles, CA - March 3, 2011 - (RealEstateRama) -- The Foursquare Foundation announced today its ground breaking for the construction of a new $10 million richly-appointed Foursquare Senior Living residential community in one of Los Angeles’ most historic neighborhoods, Echo Park. Designed by the architectural firm KTGY Group, Inc., this new eco-friendly, pedestrian- and transit-oriented, 1.24-acre urban in-fill redevelopment project replaces some older housing units with 75 affordable senior apartment homes. Situated directly across from Echo Park, one of the city’s most iconic settings, Parkview Living, A Foursquare Senior Living community, will help mitigate the soaring demand for quality affordable housing to active seniors 62 years of age and over. Parkview Living, A Foursquare Senior Living community will be located across the street from the 88-year-old Angelus Temple, which is home to the Foursquare Church.

Washington, DC - March 2, 2011 - (RealEstateRama) -- In response to the recent rise in home foreclosures, Congresswoman Susan Davis (D-San Diego) introduced legislation to give veterans access to mortgage refinancing opportunities. The Veterans Home Loan Refinance Opportunity Act (H.R. 834) will allow veterans in Alaska, Oregon, California, Wisconsin, and Texas to take advantage of low-interest home loan refinancing options available from the state. Currently, veterans in these states can use the home loans to purchase a primary residence -- but not to refinance.

Los Angeles, CA - February 28, 2011 - (RealEstateRama) -- In the last two years, families in Los Angeles County lost their home to foreclosure every 15 to 18 minutes. Dataquick Information Systems reports 26,707 Los Angeles County families lost their home to foreclosure in 2010. In January 2011, 2,196 families lost their home to foreclosure1, indicating that not much has or will change in 2011. Exacerbating the issue is high unemployment and the low volume of permanent loan modifications being made available to families facing foreclosure.

Washington, DC - February 25, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, released the following statement today after Republicans on the Committee announced their intention to defund foreclosure prevention programs

Washington, DC - February 25, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, issued the following statement today after reports of a deal between the Obama Administration and mortgage servicers to settle systemic fraud issues in the servicing and foreclosure industry

SAN MATEO, CA - February 25, 2011 - (RealEstateRama) -- Congresswoman Jackie Speier (D-San Francisco/San Mateo) today announced that the Small Business Administration is offering a program that will help small businesses facing maturity of commercial loans or balloon payments refinance their mortgage debt

LAGUNA HILLS, CA - February 25, 2011 - (RealEstateRama) -- The California Association of Community Managers (CACMSM) has announced a new board of directors for 2011. The board oversees the statewide organization’s programs and activities, monitors legal and legislative issues, and upholds CACM’s code of ethics and standards of practice. Comprised of professional community managers representing nine regions from California, the group also advises CACM on its educational and certification program for community association managers.

Downtown Los Angeles, CA - February 24, 2011 - (RealEstateRama) -- The Weingart Center today announced the award of a grant to create business ventures that will provide employment opportunities for the homeless. The sub-grant was awarded by REDF, a California-based organization focused on starting and growing employment-focused social enterprises that provide employment opportunities for individuals facing multiple barriers to employment. REDF received a federal Social Innovation Fund award administered by the Corporation for National and Community Service and by matching private support. Weingart is one of six California nonprofits selected for inclusion in the new initiative

ALISO VIEJO, CA - February 23, 2011 - (RealEstateRama) -- CT Realty Investors announced that Gary H. Hunt, one of Orange County’s most respected real estate professionals, has joined its board of directors.

SAN MATEO, CA - February 21, 2011 - (RealEstateRama) -- Congresswoman Jackie Speier (D-San Francisco/San Mateo) today announced that the Small Business Administration is offering a program that will help small businesses facing maturity of commercial loans or balloon payments refinance their mortgage debt.

Washington, DC - February 18, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.) reintroduced her legislation from the 111th Congress today that would make key investments in affordable public housing. H.R. 762, the Public Housing Reinvestment and Tenant Protection Act of 2011, contains provisions to revitalize housing units and neighborhoods; address one-for-one replacement issues; empower housing authorities to make reforms; and to create jobs, with support from Reps. Barney Frank (D-MA) and Nydia Velazquez (D-NY), her colleagues on the Financial Services Committee. She issued the following statement

IRVINE, CA - February 17, 2011 - (RealEstateRama) -- RealtyTrac™ (www.realtytrac.com), the leading online marketplace for foreclosure properties, today announced the hiring of Brian C. Walby as Vice President of Sales and Strategic Alliances. In this role, Walby will focus on member subscription sales, advertising sales, lead generation programs and product sales.

BEVERLY HILLS, CA - February 16, 2011 - (RealEstateRama) -- International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company, along with an affiliate of DRA Advisors and with Kennedy Wilson Property Fund III, acquired Enclave at Adobe Creek, a 492-unit multifamily community in Petaluma, CA. The company also joined forces with The LeFrak Organization to purchase a 100% equity interest in Indigo Springs, a 278-unit multifamily community in Kent, WA.