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Financing Plan Allows Construction Progress of Transbay Transit Center to Proceed On-Time & Creates Cost Control Board to Add Transparency & Oversight. Mayor Edwin M. Lee along with Supervisor and Metropolitan Transportation Commissioner Scott Wiener, Supervisor and Transbay Joint Powers Authority (TJPA) Director Jane Kim, and TJPA Board Chair Greg Harper today announced a proposed financing package to allow completion of the Transbay Transit Center, Phase One

July 13, 2012 - (RealEstateRama) -- United States Attorney Laura E. Duffy and Federal Housing Finance Agency Inspector General Steve A. Linick announced that fugitive loan broker Mary Armstrong was arrested today in Las Vegas, Nevada. The indictment, which was returned on May 10, 2012, and unsealed today, charges Armstrong, an unlicenced mortgage loan broker, Ramona real estate agent Teresa Rose, and Armstrong’s assistant William Fountain with devising and executing a mortgage loan origination fraud and kickback scheme

LOS ANGELES, CA - July 13, 2012 - (RealEstateRama) -- A San Fernando Valley real estate agent and self-described real estate investor charged with running a million dollar-plus Ponzi scheme out of companies based in the Santa Clarita Valley has been arrested on federal wire fraud and mail fraud charges

LOS ANGELES, CA - July 12, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris announced that the Homeowner Bill of Rights, which will protect homeowners and borrowers during the mortgage and foreclosure process, was signed into law today by Governor Edmund G. Brown Jr.

RIVERSIDE, CA - July 10, 2012 - (RealEstateRama) -- Today, Gregory Flores, former manager at All Fund Mortgage in Anaheim Hills, was sentenced to 144 months’ imprisonment and three years of supervised release. U.S. District Judge J. Virginia Phillips also ordered Gregory Flores to pay over $1 million in restitution to homeowner victims and over $98,000 in restitution to the IRS for his role in a mortgage fraud conspiracy and for evading taxes.

WASHINGTON, D.C. - July 3, 2012 - (RealEstateRama) -- Both houses of the California Legislature today approved the Foreclosure Reduction Act, a bill designed to reduce unnecessary foreclosures in the state. The bill is the centerpiece legislation of Attorney General Kamala Harris' Homeowner Bill of Rights.

SACRAMENTO, CA - June 28, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the passage of two central elements of the California Homeowner Bill of Rights through a special two-house conference committee. The 4 to 1 vote sends the bills to an expected vote next week in both the Assembly and Senate

PEORIA, AZ - June 22, 2012 - (RealEstateRama) -- A Pasadena, CA investor paid $3.4 million for a Chase Bank ground lease located at the SEC of Lake Pleasant Rd. & Happy Valley Rd., in Peoria.

San Jose, CA - June 21, 2012 - (RealEstateRama) -- On Wednesday, June 20, 2012, Santa Clara broke ground on 2525 El Camino Real Senior Apartments, a development by ROEM Corporation, in collaboration with Pacific Housing, Inc. and the City of Santa Clara. The groundbreaking ceremony began at 2:00 p.m. at 2525 El Camino Real, Santa Clara, California 95050 (cross streets: El Camino Real and Buchanan Drive).

SACRAMENTO - June 20, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the Assembly Public Safety Committee passed an important piece of the California Homeowner Bill of Rights that aims to protect California homeowners from fraud and scams.

Torrance, CA - June 15, 2012 - (RealEstateRama) -- Auction.com (http://www.auction.com/) the nation’s leading online real estate marketplace, reaffirmed its strength in the luxury residential market with the May 23 auction of a signature oceanfront estate located on Brighton Road..