Real Estate Attorney and Loan Officer Found Guilty in Multi-Million-Dollar Mortgage Fraud Scheme at...

New York, NY - August 27, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that RAVI PERSAUD,

Senate Bill Guaranteeing Protections for Tenants of Foreclosed Buildings Signed into Law

New York, NY - August 19, 2010 - (RealEstateRama) -- Senator Andrea Stewart-Cousins (35th District – D/WF) announced that a new law guaranteeing greater protections (S7139) for tenants of buildings in foreclosure has been signed into law.

McMahon Continues Fight to Extend Homebuyer Tax Credit

Washington, DC - June 29, 2010 - (RealEstateRama) -- Today, Rep. Michael E. McMahon continued a fight he has been championing since early 2009 – extending the $8,000 first-time homebuyers’ tax credit.

Buffalo Municipal Housing Authority Official Pleads Guilty to Corruption Charge

BUFFALO, NY - June 22, 2010 - (RealEstateRama) -- U.S. Attorney William J. Hochul, Jr. announced today that John J. Fischer, Jr., 50, of Getzville, New York, pleaded guilty before U.S. District Judge Richard J. Arcara, to a felony charge of extortion by color of official right.

Manhattan U.S. Attorney Charges 38 Defendants as Part of Nationwide Mortgage Fraud Sweep

New York, NY - June 17, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, GEORGE VENIZELOS, the Acting Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation ("FBI"), NEIL BAROFSKY, the Special Inspector General of the Troubled Asset Relief Program ("SIGTARP"), RICHARD H. NEIMAN,

Maloney joins House in passage of FHA reforms

WASHINGTON, DC - June 10, 2010 - (RealEstateRama) -- Rep. Carolyn Maloney (D-NY) today voted in favor of reforms to the Federal Housing Administration (FHA) which will protect homeowners from mortgage fraud and save tax dollars.

Attorney Sentenced in Manhattan Federal Court to 20 Months in Prison for Deceiving Clients...

New York, NY - May 18, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York,

Proposal to Hike State Real Estate and Vehicle Fees Criticized by County Clerk

Buffalo, NY - April 21, 2010 - (RealEstateRama) -- Word that the State is even considering hiking fees on homes and new cars does not sit well with Erie County Clerk Kathy Hochul. Both transactions occur within the County Clerk's Office.

PUBLIC ADVOCATE DE BLASIO LAUNCHES TENANT, CONDO AND CO-OP OWNER ASSISTANCE WEBPAGE AND HOTLINE...

NEW YORK, NY - April 15, 2010 - (RealEstateRama) -- Public Advocate Bill de Blasio today launched a tenant, condo and co-op owner assistance webpage and hotline designed to help the over one million New Yorkers who could be impacted by a possible strike next week if the Realty Assistance Board (RAB) and building service workers do not reach a deal.

REALTOR boards/associations across New York State participate in Nationwide Open House Weekend

Albany, NY - April 5, 2010 - (RealEstateRama) -- Many local REALTOR boards/associations and their members across New York State and the country will be showing homes to the public as part of a Nationwide Open House Weekend, April 10-11, 2010. Local sellers will be able to showcase their homes and interested buyers will have an opportunity to visit houses in their area without having to make an appointment for a showing.

Former Owner of Home Savers Consulting Corp. Pleads Guilty to Mortgage Foreclose Rescue Scheme

NEWARK, NY - March 30, 2010 - (RealEstateRama) -- A Brooklyn man pleaded guilty today to conspiracy to commit wire fraud in connection with a mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit, U.S. Attorney Paul J. Fishman announced.

Governor Paterson Calls for Property Tax Cap to Be Part of Budget Negotiations

ALBANY, NY - March 28, 2010 - (RealEstateRama) -- Governor David A. Paterson today called on Legislative Leaders to consider his property tax cap proposal as part of budget negotiations.

The FBI New York Shines Light on Potential Rental and Real Estate Scams in...

New York, NY - March 12, 2010 - (RealEstateRama) -- The Federal Bureau of Investigation’s New York Office is warning the public to remain on the lookout for scams involving real estate and rental properties.

Manhattan U.S. Attorney Charges Three Defendants in Multi-Million-Dollar Mortgage Fraud Scheme

New York, NY- February 24, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, JOSEPH M. DEMAREST JR., the Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation ("FBI"),

NY Leads All States in Disbursement of ARRA Funds to Save Affordable Housing

Albany, NY - February 19, 2010 - (RealEstateRama) -- The NYS Division of Housing and Community Renewal announced today that New York leads all other states in disbursing Tax Credit Assistance Program (TCAP) funds included in the American Recovery and Reinvestment Act (ARRA).

New York City Industrial Development Agency Assists Hindustan Granites to Expand in Brooklyn

New York, NY - February 4, 2010 - (RealEstateRama) -- The New York City Industrial Development Agency (NYCIDA) approved an incentive package that will help Hindustan Granites Inc. acquire and renovate a 31,000-square-foot industrial facility in the Greenpoint section of Brooklyn.

Governor’s cuts to MTA payroll tax do not go far enough

Albany, NY - February 10, 2010 - (RealEstateRama) -- Gov. David A. Paterson’s proposed cuts to the Metropolitan Commuter Transportation Mobility Tax in his 21-day budget amendments are inadequate and New York’s 54,000 REALTORS strongly oppose shifting the cost to workers and businesses from one part of the MTA region to another.

Manhattan Real Estate Developer Sentenced to Four Years in Prison for $27 Million Mortgage...

New York, NY - January 28, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that Manhattan real estate developer MICHAEL HERSHKOWITZ was sentenced today to four years in prison for his participation in a $27 million Ponzi scheme involving fraudulent loans secured by nonexistent mortgages.

Enterprise, Chase, United Fund Advisors invest $22.3 Million NMTC in Harrison Circle Building at...

COLUMBIA, Md. - January 19, 2010 - (RealEstateRama) -- Enterprise Community Investment, Inc. (Enterprise), a national leader in affordable housing and community development, and National Community Fund I, LLC, an affiliate of United Fund Advisors, LLC, recently closed on a $22.3 million New Markets Tax Credit (NMTC) transaction.

Manhattan U.S. Attorney Charges President of Home Free Realty Inc. with Stealing $1.5 Million...

New York, NY - January 14, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, JOSEPH M. DEMAREST, JR., the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation ("FBI"),

Congressman Higgins Encourages Residents to Take Advantage of Homebuyer Tax Credit

Washington, DC - January 7, 2010 - (RealEstateRama) -- Congressman Brian Higgins (NY-27) joined Bonnie Saletta, President of Midtown Realty in Fredonia, NY and other local realtors to remind residents about the opportunity to receive up to an $8,000 tax credit with the purchase of a home.

NEW YORK STATE COMMISSIONER OF HOUSING AND COMMUNITY RENEWAL TO JOIN NIXON PEABODY

Deborah VanAmerongen Brings Wide Range of Experience in Housing and Community Development. (New York, NY - January 4, 2010 - (RealEstateRama) -- International law firm Nixon Peabody LLP announces the addition of Deborah VanAmerongen to its Affordable Housing practice. Ms. VanAmerongen will join Nixon Peabody as a strategic policy adviser as of February 1, 2010. She will be resident in the New York City office. Ms. VanAmerongen will work closely with attorneys in the firm's Affordable Housing practice to provide advice to developers, owners and managers of affordable housing, as well as their financing partners, in the preservation and production of affordable housing nationwide.

Suffolk County Executive Steve Levy Plans Prompt Disbursement of Mortgage Taxes to Towns and...

Hauppauge , NY - December 15, 2009 - (RealEstateRama) -- Suffolk County Executive Steve Levy today will file a resolution via Certificate of Necessity seeking immediate passage of a measure to provide Suffolk’s towns and villages with more than $26 million of mortgage tax revenues.

Governor Paterson Announces Federal Homebuyer Tax Credit Cash Advances For Eligible SONYMA Borrowers

Albany, NY - December 15, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced that New York State will offer cash advances of up to $8,000 on the Federal homebuyer tax credit for borrowers using a State of New York Mortgage Agency (SONYMA) mortgage to purchase a home.

Congressman Murphy Announces Fiscally Responsible Tax Credit for Homebuyers

Washington, DC - December 3, 2009 - (RealEstateRama) -- Today, Congressman Scott Murphy announced that, starting this month, New York homebuyers will be able to take advantage of a fiscally responsible tax credit.