Yearly Archives: 2010

LOS ANGELES, CA - May 20, 2010 - (RealEstateRama) -- Attorney General Edmund G. Brown Jr. today announced that nine men engaged in a Southern California boiler room, tricked out in high-roller style with a roulette wheel and other casino equipment, have been charged with 97 criminal counts for stealing at least $2.3 million from more than 1,500 desperate homeowners who were promised loan modifications but received no relief.

SACRAMENTO, CA - May 20, 2010 - (RealEstateRama) -- Housing affordability in California increased overall in the first quarter of 2010, but 13 of the state’s 28 metropolitan areas included in the report saw decreases, the California Building Industry Association said today.

LOS ANGELES, CA - May 20, 2010 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is calling on California state senators to vote “yes” and approve SB 1178 (D-Corbett), which will extend anti-deficiency protection for consumers who have refinanced their original mortgage loans and now are facing foreclosure. C.A.R. is the sponsor of the legislation

LOS ANGELES, CA - May 19, 2010 - (RealEstateRama) -- Facing the possibility of foreclosure, California homeowners may be hit with more than just losing their homes. Due to a loophole in state law, they also can be sued by their lender. For people who have refinanced a property, even if the money is used for home improvements, there is no protection should the borrower default on a mortgage that’s greater than the property’s value. Called a “deficiency” liability, under current California law, the lender can sue the former homeowner for the amount of the deficiency even after taking back the property

May 18, 2010 - (RealEstateRama) -- Long Beach residents can learn how federal Housing and Urban Development money is spent in their neighborhood by attending the Anaheim Street Community Police Center's monthly meeting on Tuesday, May 18, from 5:00 to 6:30 pm at the Mark Twain Neighborhood Library Community Room, 1401 E. Anaheim St.

LOS ANGELES, CA - May 14, 2010 - (RealEstateRama) -- The percentage of households that could afford to buy an entry-level home in California stood at 66 percent in the first quarter of 2010, compared with 69 percent for the same period a year ago

May 13, 2010 - (RealEstateRama) -- As HACLA works with our project partners to redevelop the Jordan Downs public housing in the Watts neighborhood of South Los Angeles, we continue to seek out expert advice and contribution from the brightest minds in the area of real estate development. One of the key questions – how can we redevelop the area in order to make public transportation convenient and accessible for our residents.

Still below year-ago levels however. SACRAMENTO, CA - May 13, 2010 - (RealEstateRama) -- The pace of home sales at California new-home communities rose a bit in March from February but continued to be notably lower than levels seen a year ago, the California Building Industry Association reported today

San Francisco, CA - May 13, 2010 - (RealEstateRama) -- Redfin today released new data on the San Francisco Bay Area market showing that the median price of a Bay Area single-family home increased 5.5% from March to April. In Marin County, prices for single-family homes jumped 10% in one month, aided by lower interest rates for jumbo loans. Santa Clara County house prices increased 7% month over month and 33% year over year, driven by a shrinking supply of bank-owned properties. House prices in Alameda, San Francisco and San Mateo counties grew by between 1% and 2% month over month

Thousand Oaks, CA, - May 12, 2010 - (RealEstateRama) -- In 2007, Investors Hospitality Management (“IHM”) introduced the hospitality industry’s first sustainable 3rd party management and ownership services company. Online technology has revolutionized the business climate. IHM provides complimentary analysis of current online strategy and creates a detailed action plan specific to each prospective hotel. DiGuiseppe states, “There’s an ever growing market for e-marketing. It’s no longer a viewership of 18-25 year olds. The 3 million new viewers represent the 36-57 population range.”

LOS ANGELES, CA - May 11, 2010 - (RealEstateRama) -- Californians have an opportunity to share what living here means to them as part of the CALIFORNIA ASSOCIATION OF REALTORS®’ “Your Piece of California. Your Peace of Mind.” 2010 Consumer Advertising Campaign.

LOS ANGELES, CA - May 11, 2010 - (RealEstateRama) -- Real Estate Business Services® (REBS®) today announced that the Oroville Association of REALTORS® has signed an agreement to provide Clarus MarketMetrics® as a member benefit to its more than 100 REALTOR® members. The Oroville Association of REALTORS® joins the Chico, Lake County, and Merced County associations of REALTORS®, all part of the calREDD® MLS system, in offering this member benefit.

WASHINGTON, DC - May 11, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to Imperial County in California and provide support to homeowners and low-income renters forced from their homes following last month's earthquake.

SACRAMENTO, CA - May 10, 2010 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced today that a federal grand jury returned an indictment charging Jake Weathers, 34, Elk Grove, Glenn Watkins, 40, Elk Grove, Kevin Watkins, 25, Elk Grove, Frederick Davis, 40, Elk Grove, and Paul Yearby Jr., 29, of Fair Oaks, with 11 counts of mail fraud relating to their alleged operation of a mortgage fraud scheme that involved the defendants changing their names to Muslim names in order to obtain new credit and to conceal poor credit histories and other liabilities in their birth names.

EUGENE, OR - May 7, 2010 - (RealEstateRama) -- Frank Howard Allen agent Bridget Cooper has teamed up with IDX, Inc. and the IDX Broker software to create an easy-to-use real estate website for home seekers in and around Marin County. The Internet Data Exchange (IDX) technology gives both real estate agents and brokers, as well as potential home buyers, the freedom to explore online property listings on their own terms when searching for a home. Customizable IDX solutions give real estate professionals license to control their personal websites and better manage their clients all from their own computer or iPhone.

LOS ANGELES, CA - May 7, 2010 - (RealEstateRama) -- Real Estate Business Services® (REBS®) today announced that the Lake County Association of REALTORS® has signed an agreement to provide Clarus MarketMetrics® as a member benefit to its more than 350 REALTOR® and MLS members. Lake County Association of REALTORS® joins the Chico, Merced County, and Oroville Associations of REALTORS®, all part of the calREDD® MLS system, in offering this member benefit

SACRAMENTO, CA - May 7, 2010 - (RealEstateRama) -- Nearly 2,000 California REALTORS® will be in Sacramento Wednesday, June 9, to participate in the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) 40th Annual Legislative Day activities.

Thousand Oaks, CA - May 5, 2010 - (RealEstateRama) -- In 2007, Investors Hospitality Management (“IHM”) introduced the hospitality industry’s first sustainable 3rd party management and ownership services company, whose mantra “stewardship with sustainability”, was adopted by many industry media and green hoteliers. From IHM’s initial emphasis on sustainability, however, John Glen DiGuiseppe, IHM Founder/CEO, recognizes it’s time for an industry about-face as he states: “Stewardship in the 2010 US economy as “the essential condition for profitability”

May 5, 2010 - (RealEstateRama) -- This Friday, May 7, 2010 Rep. Ed Royce (R-CA) will host a Combat Fraud Forum at the Cypress Community Center located at 5700 Orange Avenue from 1:00 p.m. to 3:00 p.m. Attendees will obtain information on identity theft, mortgage loans and lending, investment scams, charity fraud, Medicare fraud and more

EUGENE, OR - May 4, 2010 - (RealEstateRama) -- IDX, Inc. happily welcomes today, Rod Aragon with Keller Williams Realty in Pacific Palisades, California, to the growing list of elite rank real estate professionals choosing to incorporate a custom IDX solution into the search functionality of their websites. With this new addition, Aragon can now provide his clients with the ability to sift through a multitude of property listings within his local Multiple Listing Service (MLS), the California Real Estate Technology Services MLS (CARETS). Home seekers will be accessing the most up-to-date and current real estate listing information on the Southern California market, by displaying the IDX/MLS data feed on their own personal computers