California RealEstateRama

The San Francisco Arts Commission will Manage Funds and Collaboratively Develop and Implement a Predevelopment Plan for the Re-launched Museum. August 7, 2009 - (RealEstateRama) -- On Tuesday, August 4, at a packed public hearing, the San Francisco Redevelopment Agency voted unanimously to approve $280,000 in funding to provide assistance to the Mexican Museum as it begins predevelopment planning for its new home, located adjacent to Jessie Square in the Yerba Buena Cultural District. The San Francisco Arts Commission will manage the disbursement of $250,000 to the Museum and will retain $30,000 for its fiscal oversight and consulting assistance. The Arts Commission will play a key role in implementing the predevelopment plan, which includes specific performance milestones related to facility planning, fundraising, membership and capacity building of the Museum’s Board of Trustees, and partnerships with other key institutions.

SANTA ANA, CA - August 6, 2009 - (RealEstateRama) -- First American National Default Title Services, a division of First American Title Insurance Company, announced today that it has partnered with Fannie Mae to provide national foreclosure title products designed to decrease the costs of foreclosure. First American National Default Title Services has agreed to provide its pre-foreclosure title report to Fannie Mae’s foreclosure counsel in accordance with Fannie Mae’s pricing limits on title costs

Sacramento, CA - August 6, 2009 - (RealEstateRama) -- The Ninth Circuit Court of Appeals today gave Attorney General Edmund G. Brown Jr. a "profoundly important decision" in his fight to protect 40 million acres of pristine forest land from development by reinstating a 2001 rule banning road building and commercial logging that had been repealed by the Bush Administration.

July 30, 2009 - (RealEstateRama) -- The Long Beach Housing Development Company is sponsoring a series of free foreclosure workshops all over the City. Taking place in each Council District, the workshop will focus on foreclosure prevention, and will address the foreclosure process, foreclosure loan scams, mortgage refinancing, and loan modification programs. It will be facilitated by the Los Angeles Neighborhood Housing Services (LANHS), a HUD-approved housing counseling agency

Authored by Rep. Miller, the Bill Will Provide Assistance to Struggling Homeowners Washington, DC - July 29, 2009 - (RealEstateRama) -- Today, the House of Representatives unanimously passed H.R. 2529, the Neighborhood Preservation Act. This legislation, authored by Reps. Gary Miller (R-CA) and Joe Donnelly (D-IN), will address the persistence of foreclosures and large unsold housing inventories in order to give families a chance to stay in their homes, stabilize home values, and restore overall confidence in the housing market.

Beverly Hills, CA - July 29, 2009 - (RealEstateRama) -- Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, will be conducting a grand opening auction for 35 luxurious, loft-style condominiums at The Dalton in Pasadena. The lure of exceptionally low starting bids is building excitement among frustrated first-time homebuyers shut out of Pasadena's desirable downtown until now.

July 22, 2009 - (RealEstateRama) -- Mayor Gavin Newsom and Supervisor Carmen Chu announced today that the Mayor’s Office of Housing has received a special Mortgage Credit Certificate (MCC) allocation of $9.8 million dollars to prevent families from losing their homes to foreclosure under the 2008 Housing Assistance Tax Act. This funding provides homeowners with a vehicle to refinance sub-prime loans into traditional 30 year loans that they can afford. In addition, the funding can be used by first time homebuyers to purchase bank owned and short sale properties.

CONGRESSWOMAN LUCILLE ROYBAL-ALLARD (CA-34) INVITES THE PUBLIC TO HER FORECLOSURE PREVENTION FAIR

WASHINGTON, DC - July 21, 2009 - (RealEstateRama) -- Congresswoman Doris Matsui (CA-5) today announced an additional $570,000 to help combat homelessness among Sacramento’s veterans through the Department of Housing and Urban Development’s (HUD) Veterans Affairs Supportive Housing Program (VASH). Vouchers will be made available to the Sacramento Housing and Redevelopment Agency (SHRA) to help provide permanent supportive housing for homeless veterans throughout the Sacramento community. The vouchers will be distributed to 70 displaced veterans and their families in Sacramento immediately

New Servicing Division Provides Rental Strategies for Financial Institutions. SANTA ANA, CA - July 17, 2009 - (RealEstateRama) -- First American National Default Title Services, a division of First American Title Insurance Company, announced today the launch of its new National Residential Rental Services (NRRS) Division, which provides financial institutions with an efficient option for evaluating and executing rental-based loss mitigation strategies for non-rural, non-seasonal, multistate single-family Real Estate Owned (REO) properties.

Washington, DC - July 16, 2009 - (RealEstateRama) -- Attorney General Eric Holder today announced that $500,000 in Recovery Act funds have been awarded to the Support for Harbor Area Women’s Lives (SHAWL) House, a program of the Volunteers of America of Los Angeles (VOALA).

July 16, 2009 - (RealEstateRama) -- Mayor Gavin Newsom today announced that the California Department of Housing and Community Development has awarded over $96 million in funds to housing developments in San Francisco seeking to start construction. Awards were from two State programs created through the 2006 passage of Proposition 1C; the Transit Oriented Development and Infill Infrastructure Grant programs.

Los Angeles, CA - July 15, 2009 - (RealEstateRama) — As part of a massive federal-state crackdown on loan modification scams, Attorney General Edmund G. Brown Jr. at a press conference today announced the filing of legal action against 21 individuals and 14 companies who ripped off thousands of homeowners desperately seeking mortgage relief.

July 15, 2009 - (RealEstateRama) — The Jordan Downs Recreation Center served as the meeting place for the Jordan Downs Redevelopment planning meetings. Residents,...

Washington, D.C. - July 10, 2009 - (RealEstateRama) — Today, U.S. Senator Barbara Boxer (D-CA) sent a letter to Federal Housing Finance Agency Director James Lockhart applauding the Administration’s recent decision to expand the Home Affordable Refinance plan, which allows responsible borrowers whose home values have declined to refinance their Fannie Mae or Freddie Mac loans and take advantage of historically low mortgage rates.

Los Angeles, CA - July 8, 2009 - (RealEstateRama) — Attorney General Edmund G. Brown Jr. July 6 sued a foreclosure consultant and an attorney -- Paul Noe Jr. and Mitchell Roth - who conned 2,000 desperate homeowners into paying exorbitant fees for "phony lawsuits" to forestall foreclosure proceedings.

Funds Will Provide Housing for Disabled Families Throughout Sacramento. WASHINGTON, DC - July 8, 2009 - (RealEstateRama) — Congresswoman Doris Matsui (CA-05) today announced $878,784 in federal funds for low-income housing initiatives has been allocated to the Sacramento region. The U.S. Department of Housing and Urban Development (HUD) will provide $878,784 to the Sacramento Housing and Redevelopment Agency through the Housing Choice Vouchers Program to provide housing for local disabled families.

Funds Will Provide Housing for Disabled Families; Housing Assistance for Native Americans. WASHINGTON, DC - July 7, 2009 - (RealEstateRama) — Congresswoman Doris Matsui (CA-05) today announced an additional $928,364 in federal funds for housing initiatives in Sacramento. Two grants, awarded by the U.S. Department of Housing and Urban Development, will provide $878,784 to the Sacramento County Housing Authority, and $49,580 to the Buena Vista Rancheria. The Sacramento County Housing Authority will receive funding under the Designated Housing Fund, to provide housing for disabled families. Buena Vista Rancheria, home to the Me-Wuk Indian Tribe, will receive funding through the Indian Housing Block Grant Program to provide decent, safe and affordable housing for lower-income Native Americans.

Newsom also announces 450% increase in San Francisco solar applications since inception of solar rebate program. July 7, 2009 - (RealEstateRama) — Mayor Gavin Newsom today announced plans to install over 365 kw of solar panels on the San Francisco Housing Authority properties of Hayes Valley North and South and Plaza East through San Francisco’s GoSolarSF Initiative. The solar panels will provide hundreds of thousands of kilowatts of clean, renewable electricity to public housing residents. The project is expected to create 25 jobs and be completed by the end of the year

Turner Completes Project in 23 Months - 18 Days Ahead of Schedule. New York, N.Y. - July 6, 2009 - (RealEstateRama) — Turner Construction Company, the nation’s leading general builder, has completed the $480 million Terranea Resort project in Rancho Palos Verdes, Calif. in 23 months, 18 days ahead of schedule. Turner served as the manager of preconstruction and construction services for the resort on behalf of owner/developer Los Angeles-based Lowe Enterprises.