EUGENE, OR – June 6, 2013 – (RealEstateRama) — Madison, Alabama potential buyers can now gain access to thousands of area property listings, thanks to the dynamic search page and real estate website made possible through the partnership of IDX, Inc. and Kelvin Mitchell. North Alabama MLS (NAMLS) listings are displayed with ease on the website Mitchell hosts, giving home seekers the ability to quickly and simply search for the home of their dreams. The online IDX solution Mitchell has adopted has revolutionized the website he hosts for himself and for his home-seeking clients. more »

WASHINGTON, D.C. – May 21, 2013 – (RealEstateRama) — The U.S. Department of Housing and Urban Development (HUD) announced today that LLB&B, Inc., a real estate company based in Mobile, AL, will pay $29,000 as part of a Conciliation Agreement resolving allegations that one of its agents refused to show a condominium to a prospective homebuyer because he is African American.  The homebuyer alleged that he learned of the discrimination when the real estate agent inadvertently left a message on his telephone voicemail indicating her belief that white neighbors would ‘panic’ at the prospect of an African American neighbor. more »

EUGENE, OR – May 21, 2013 – (RealEstateRama) — North Alabama MLS (NALMLS) listings are now seamlessly integrated onto the website supported by IDX, Inc. and hosted by agent Jeff York. Huntsville, Alabama area properties, combining real estate listings from the surrounding states, once required a complicated and time consuming online property search. Now, potential buyers can efficiently and effectively scan NALMLS listings from the convenience of the website York hosts. Alabama property listings have never been so accessible via an online real estate search. more »

WASHINGTON, D.C. – May 21, 2013 – (RealEstateRama) — Two Alabama real estate investors and their company were sentenced today in U.S. District Court for the Southern District of Alabama in Mobile, for their participation in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of Justice announced. more »

Reston, Virginia – May 16, 2013 – (RealEstateRama) — MERSCORP Holdings, Inc. today announced that a five-justice panel of the Alabama Supreme Court affirmed a lower court’s decision which in part validated MERS’ ability to assign mortgages as the nominee for the original lender and its successors and assigns. more »

EUGENE, OR – April 15, 2013 – (RealEstateRama) — Potential buyers in Gadsden, Alabama can now experience the innovative IDX Broker software from the convenience of Broker Jodi Terrell’s website. The IDX, Inc. technology synchronizes with the North Alabama MLS (NALMLS) to create a comprehensive database of property listings, accessible by any home seeker at any time. Terrell’s up-to-the-minute coverage of the NALMLS on her Impact Realty search page allows buyers to explore the newest and most relevant property search available to home seekers online. more »

EUGENE, OR – April 5, 2013 – (RealEstateRama) — Daphne, Alabama area properties just became easier to search for, thanks to the partnership of IDX, Inc. and Broker Rex Nichols Prudential Nichols Real Estate Baldwin County MLS (BCMLS) are now fully integrated onto the search page Nichols hosts, giving Alabama home seekers an easy-to-use real estate resource to utilize in their online property search. With his custom IDX solution, Nichols now hosts one of the most dynamic and informative real estate websites and searches for Alabama area buyers. more »

MONTGOMERY – March 27, 2013 – (RealEstateRama) — Nearly $120 million in additional funding will help Alabama communities in the ongoing recovery from the spring 2011 severe weather outbreak. Governor Robert Bentley was informed of the allocation by Shaun Donovan, Secretary of U.S. Housing and Urban Development (HUD). more »

MONTGOMERY – February 14, 2013 – (RealEstateRama) — Governor Robert Bentley on Wednesday released the Affordable Homeowners Insurance Commission Report, which includes recommendations that could be used to address the availability and rising cost of homeowners insurance. more »

WASHINGTON, DC – February 7, 2013 – (RealEstateRama) — Congressman Spencer Bachus (AL-6) today said that U.S. taxpayers are being put at risk by yet another troubled federal housing finance agency.

The House Financial Services Committee today began a series of hearings on the Federal Housing Administration (FHA), which has a fund with a negative economic value of $16.3 billion according to a recent independent actuarial report. The negative value of the single-family insurance fund is the result of nonpayments on loans that the FHA has facilitated through the government mortgage insurance it offers to homeowners. Taxpayers are ultimately responsible for making good on the guarantees provided by government mortgage insurance. more »

EUGENE, OR – February 1, 2013 – (RealEstateRama) — IDX, Inc. and Paul Schipansky have revolutionized the online real estate search for Huntsville, Alabama prospective buyers. As a member of the North Alabama MLS (NALMLS), Schipansky has long had access to thousands of local property listings. Now, his clients can search with the same levels of accessibility once reserved only for real estate agents and broker, thanks to the innovative IDX Broker software Schipansky has enabled for his website. Finding a Alabama area home online has never been easier for clients of Capstone Realty. more »

BIRMINGHAM, AL – January 08, 2012 – (RealEstateRama) — Federal prosecutors have charged a Birmingham real estate lawyer with wire fraud in connection with a nearly $1 million mortgage fraud scheme, announced U.S. Attorney Joyce White Vance.

The U.S. Attorney’s Office charged Kelvin Leonard Davis, 41, with four counts of wire fraud for knowingly submitting false mortgage documents and statements to various lenders in order to obtain approval for mortgage loans. At the time of the fraudulent transactions, from October 2007 to January 2012, Davis served as the closing attorney on each of the fraudulent loan transactions. more »

Investigation Has Yielded 10 Guilty Pleas to Date

WASHINGTON, DC – December 13, 2012 – (RealEstateRama) — Two Alabama real estate investors and their company pleaded guilty today for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of Justice announced. more »

WASHINGTON, D.C. – November 9, 2012 – (RealEstateRama) — William R. “Rusty” Miller, a real estate developer from Fairhope, Ala., has been indicted by a federal grand jury in Jackson, Miss., for the unpermitted filling of wetlands near Bay St. Louis, Miss., in violation of the Clean Water Act, announced U.S. Attorney for the Southern District of Mississippi Gregory K. Davis and Assistant Attorney General Ignacia S. Moreno of the Justice Department’s Environment and Natural Resources Division. more »

BIRMINGHAM – September 5, 2012 – (RealEstateRama) — Federal prosecutors on Friday charged an Atlanta woman with mortgage fraud for providing false financial information for several home buyers that resulted in fraudulently obtained mortgages aling more than $623,000, U.S. Attorney Joyce White Vance; FBI Acting Special Agent in Charge Robert E. Haley, III; and Housing and Urban Development Inspector General David Montoya announced. more »