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LOS ANGELES, CA - April 18, 2012 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds yesterday’s announcement by the Federal Housing Finance Agency (FHFA) to streamline the short sale process to help more homeowners avoid foreclosure. The move calls for Fannie Mae and Freddie Mac to develop enhanced and aligned strategies for facilitating short sales, deeds-in-lieu, and deeds-for-lease.

April 18, 2012 - (RealEstateRama) -- Mayor Edwin M. Lee today expressed his strong support for California Attorney General Kamala Harris’ California Homeowners Bill of Rights and urged members of the State Assembly Banking and Finance Committee to support Attorney General Harris’s package of foreclosure reform bills including support for AB 1602, a bill to end “dual tracking” foreclosures by preventing banks from foreclosing on a borrower’s home while the borrower is in the process of negotiating a loan modification, being heard today:

LOS ANGELES, CA - March 21, 2012 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) has joined with the U.S. Department of the Treasury to help distressed homeowners move toward a solution to their mortgage problems at two events this week

SACRAMENTO, CA - February 29, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the California Homeowner Bill of Rights designed to protect homeowners from unfair practices by banks and mortgage companies and to help consumers and communities cope with the state's urgent mortgage and foreclosure crisis

Washington, D.C. - February 20, 2012 - (RealEstateRama) -- Democratic Leader Nancy Pelosi and Congresswoman Jackie Speier sent a letter today to Attorney General Eric Holder requesting he direct the Justice Department’s Financial Fraud Enforcement Task Force to examine whether any violations of Federal law occurred in the processing of foreclosures in San Francisco

LOS ANGELES, CA - February 10, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced an historic commitment to California of up to $18 billion that will benefit hundreds of thousands of homeowners in the state hardest hit by the mortgage crisis.

SACRAMENTO, CA - December 14, 2011 - (RealEstateRama) -- The U.S. District Court in Sacramento today unsealed an indictment against four real estate investors and an auctioneer for their participation in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, Calif., Sharis A. Pozen, Acting 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.

LOS ANGELES, CA - December 12, 2011 - (RealEstateRama) -- Federal authorities have charged an Austin, Texas man with having operated a foreclosure-rescue scam in Los Angeles and elsewhere that falsely promised the owners of more than a thousand distressed properties that they could indefinitely postpone foreclosure sales.

SACRAMENTO, CA - December 5, 2011 - (RealEstateRama) -- Five people have been charged in a federal indictment, unsealed today, in connection with a foreclosure rescue scheme, announced U.S. Attorney for the Eastern District of California Benjamin B. Wagner. The five defendants, Jewel L. Hinkles, aka “Cydney Sanchez,” 61, of Los Angeles; Bernadette Guidry, 43, of Irvine, Calif.; Jesse Wheeler, 34, of Roseville, Calif.; Cynthia Corn, 58, of Oakland, Calif.; and Brent Medearis, 45, of Modesto, Calif., were charged in an indictment returned by a federal grand jury on Dec. 1, 2011. Hinkles and Guidry are charged with eight counts of mail fraud. Each of the defendants except Guidry is charged with 16 counts of bankruptcy fraud.

SACRAMENTO, CA - December 2, 2011 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the arrests of three top officers of a Stockton real estate company who took thousands of dollars in up-front loan modification fees and made false promises to lower the mortgage payments of struggling Central Valley homeowners.

Washington, DC - November 29, 2011 - (RealEstateRama) -- Congresswoman Waters (CA), Ranking Member on the Subcommittee on Capital Markets and Government Sponsored Enterprises,...

SACRAMENTO, CA - November 24, 2011 - (RealEstateRama) -- Attorney General Kamala D. Harris announced that Angeline Lisa Lizarrago, 69, of Fremont, was sentenced today to five years for a foreclosure scam in which dozens of struggling Bay Area and Central Valley homeowners paid for foreclosure services that were never delivered.

LOS ANGELES (November 3, 2011) - Enterprise Community Partners (Enterprise) announced today a new partnership with Citi that will expand community revitalization efforts aimed at responding to the effects of the foreclosure crisis in California. The program will involve the use of funds from the U.S. Department of Housing and Urban Development’s Neighborhood Stabilization Program (NSP), which is intended to stabilize communities that have suffered from foreclosures and abandonment.

Washington, DC - October 28, 2011 - (RealEstateRama) -- Congresswoman Waters (CA), Ranking Member on the Subcommittee on Capital Markets and Government Sponsored Enterprises, today led 15 of her colleagues in the House of Representatives, renewing her call for U.S. bank regulators to publicly release information regarding the steps that mortgage servicers are taking to prevent illegal foreclosure practices.

WASHINGTON, DC - October 28, 2011 - (RealEstateRama) -- Eight Northern California real estate investors have agreed to plead guilty today for their roles in two separate conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

Washington, DC - October 13, 2011 - (RealEstateRama) -- As homeowners in San Diego and across the nation continue to tangle with banks, Congresswoman Susan Davis (D-San Diego) introduced legislation to give people another tool to avoid foreclosure and the subsequent damage to the their credit rating. The Short Sale Transparency Act will require Fannie Mae and Freddie Mac to disclose the minimum asking price they are willing to accept for a short sale if the first offer is rejected.

WASHINGTON, DC - October 3, 2011 - (RealEstateRama) -- Two California real estate investors have agreed to plead guilty today for their roles in a conspiracy to rig bids and to commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

Irvine, CA - September 21, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment sales and advisory firm, has completed the $3.7 million sale of The Shops at Pacific Park, a 15,195 square foot multi-tenant retail and office strip center in Aliso Viejo, Calif. Built in 1999 and situated on 1.18 acres, the property is located at 22912 Pacific Park Drive. The property, which was sold through receivership, is 88 percent occupied and includes a mix of dining, retail, and office tenants.

SACRAMENTO, CA - August 16, 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, Sharis A. Pozen, Acting 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.

EUGENE, OR - July 26, 2011 - (RealEstateRama) -- IDX, Inc. pleased to announce the addition of Coy Alexander and Kern Foreclosures to the growing number of real estate professionals adopting the modern and efficient IDX Broker software to update their realty websites. With Alexander's partnership with the Bakersfield MLS (BKMLS), thousands of property listings are now available on her website for all of her clients and home seekers to see and search through. Never before has finding the right home online been easier, now that Alexander has changed her real estate website to better suit home seekers in Kern County and the surrounding areas.