LOS ANGELES, CA - March 10, 2011 - (RealEstateRama) -- Fewer than three of five short sales close in California, illustrating the complexity and difficulty of navigating lenders’ and servicers’ short sale procedures, according to a Short Sale Lender Satisfaction Survey conducted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The survey gauges REALTORS®’ experience in working with short sale transactions – transactions in which the lender or lenders agree to accept less than the mortgage amount owed by the current homeowner.

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.

EUGENE, OR - March 10, 2011 - (RealEstateRama) -- IDX, Inc. welcomes Anthony McNeil of KOATT Realty to the growing network of real estate professionals who have chosen to integrate the dynamic IDX Broker software onto their website. Home seekers can now experience an unprecedented level of access to MLSListings, Metrolist Sacramento and MAX/EBRD databases of listings. Thousands of detailed property listings are seamlessly linked to his search page, giving potential buyers the unique ability to narrow the MLS databases on their terms

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.

EUGENE, OR - March 8, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to announce the latest real estate professional to enable a customizable IDX solution on their realty website: Jack Pritchett of Pritchett-Rapf Realtors. The Malibu, California-based real estate company has chosen to employ IDX Broker software to sync directly to the California Real Estate Technology Services (CARETS) database. Home seekers can now experience unprecedented access to the CARETS listings, giving them more freedom and control over their online property search. Pritchett has truly revolutionized the online real estate market for Malibu home seekers, potential clients and himself, with his custom IDX solution.

Torrance, CA - March 8, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed on the $7.6 million sale of a .32-acre land parcel at 1030 Pearl St., and 7522-7532 Herschel Ave., in La Jolla, 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.

EUGENE, OR - March 4, 2011 - (RealEstateRama) -- IDX, Inc. is pleased to announce IDX Broker software has been enabled on the professional real estate website of Hilton & Hyland, Christies Great Estates Broker David Kramer. By adopting a customizable IDX solution, Kramer has synced his website to the California Real Estate Technology Services (CARETS) database, extracting raw listing data and seamlessly integrating it onto the search page he hosts. With IDX Broker software, Kramer has created a dynamic online property search for his clients and other Southern California luxury home seekers.

CALABASAS, CA - March 3, 2011 - (RealEstateRama) -- Lee & Associates-LA North/Ventura, Inc., a full-service brokerage and member of the Lee & Associates group of companies, has elevated Scott Linklater to Principal status.

CALABASAS, CA - March 3, 2011 - (RealEstateRama) -- Lee & Associates-LA North/Ventura, Inc., a full-service brokerage and member of the Lee & Associates group of companies, has elevated Grant Fulkerson to Principal status

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.

SACRAMENTO, CA - March 1, 2011 - (RealEstateRama) -- California homebuilders pulled permits for fewer new homes in January when compared to the same month a year earlier, the California Building Industry Association announced today.

San Marcos, CA - March 1, 2011 - (RealEstateRama) -- Work has completed on the new, $37 million, Multidisciplinary Building constructed by C.W. Driver on the campus of Palomar College in San Marcos, Calif. The 111,000 SF, three-story structure in the San Diego County town took 25 months to complete. C.W. Driver, a premier builder of higher education facilities in the Western U.S. since 1919, managed the project from preconstruction through commissioning for the Palomar Community College District

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