The Virginia Department of Housing and Community Development (DHCD) announced today the launch of a new housing pilot program with the U.S. Department of Agriculture, Rural Development (USDA-RD). Through the program, DHCD’s Neighborhood Stabilization Program (NSP) will be acquiring, renovating and reselling 39 USDA-RD foreclosed properties across Virginia.
KAINE CALLS FOR INVESTIGATION, ACTION TO ADDRESS MORTGAGE INDUSTRY HOUSING DISCRIMINATION IN MINORITY COMMUNITIES
U.S. Senator Tim Kaine joined a group of senators in sending a letter to federal housing, finance, and consumer protection regulators calling for an investigation into potential violations of the Fair Housing Act by banks and lenders neglecting the maintenance of foreclosed homes based on the racial makeup of communities where the properties are located.
WASHINGTON, DC - June 4, 2013 - (RealEstateRama) -- U.S. Sen. Mark R. Warner (D-VA) today issued a statement welcoming the announcement of Virginians Organized for Interfaith Community Engagement, or VOICE, on a neighborhood revitalization and affordable housing strategy that will help restore communities in Prince William County that were hardest-hit by the 2008 housing foreclosure crisis
WASHINGTON, D.C. - January 31, 2013 - (RealEstateRama) -- News reports on a foreclosure sale of Peninsula Town Center have raised questions in the community. Since some of those questions are being addressed to Hampton city officials, the city would like to help provide some answers.
WASHINGTON, DC - August 2, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Minnesota and provide support to homeowners and low-income renters forced from their homes due to severe storms and flooding last month
Reston, VA - February 1, 2012 - (RealEstateRama) -- Calkain Companies’, a national real estate investment brokerage firm, recently completed a complex 1031 transaction involving two (2) zero-cash-flow properties (“zero(s)”) occupied by CVS (NYSE: CVS.) The purchaser was a large family LLC motivated by the foreclosure of an office building they had previously owned.
NORFOLK, VA - January 25, 2012 - (RealEstateRama) -- Philip Villasis, age 41, and Ray D. Gata, age 56, both of Chesapeake, Va., were indicted by a Norfolk federal grand jury on nine charges including conspiracy to commit wire fraud, wire fraud, and money laundering.
CHARLESTON, VA - July 15, 2011 - (RealEstateRama) -- Responding to the case of a Clay County homeowner who was the victim of fraud while seeking help with his mortgage, Attorney General Darrell McGraw today took action against National Relief Group for charging illegal advance fees and misrepresenting that the company would obtain loan modifications for consumer mortgages. McGraw’s Consumer Protection Division filed a petition in Kanawha County Circuit Court to enforce a subpoena against the California-based company.
NORFOLK, VA - June 30, 2011 - (RealEstateRama) -- Kathleen Harps, 51, of Chesapeake, Va., was arrested by the Federal Bureau of Investigation today after a federal grand jury indicted her on June 21, 2011 on one count of conspiracy to commit mail and wire fraud, three counts of mail fraud, and three counts of engaging in unlawful monetary transactions.
March 15, 2011 - (RealEstateRama) -- An amendment by Congressman Gerry Connolly to continue providing emergency mortgage assistance to service members, veterans, and gold star families failed on a party line vote today as the House of Representatives passed legislation to strip assistance to homeowners in distress.