Press Releases

Remarks of Ranking Member Spencer Bachus During Full Committee Hearing on Loan Modifications

WASHINGTON, D.C. - November 14, 2008 - (RealEstateRama) — The following are remarks delivered by Congressman Spencer Bachus at today’s hearing by the House Financial Services Committee.

HUD charges Alabama landlords with discrimination

Couple forced to move after visit from black neighbors
WASHINGTON - October 07, 2008 - (RealEstateRama) — The U.S. Department of Housing and Urban Development (HUD) today announced that it has charged two Tallassee, Alabama landlords with violating the Fair Housing Act for allegedly forcing white tenants to move out of their house after the owners […]

HUD CHARGES ALABAMA MOBILE HOME PARK OWNERS WITH DISCRIMINATING AGAINST FAMILIES WITH CHILDREN

WASHINGTON, D.C. - Jun 27, 2008 - (RealEstateRama) — The U.S. Department of Housing and Urban Development announced today that it has charged Pina and Arthur Witherington, joint owners, agents and managers of Pina’s Mobile Home Park in Daphne, Alabama, with discriminating against families by charging additional rental fees to families with children, and limiting […]

Alabama Home Sales Increase in May

AL, Jun 26, 2008 - (RealEstateRama) — May 2008 home sales in Alabama increased 14.20 percent from the prior month. As anticipated within the industry, year—over—year sales remain below seasonal norms with total statewide home sales of 4,569 units during May, a decline of 22.81 percent representing 1,350 fewer homes sold compared to May of […]

Home buyer Tax Credit Key to Reviving Housing, Builders Tell Congress

WASHINGTON, D.C. - Jun 9, 2008 - (RealEstateRama) — The National Association of Home Builders (NAHB) today called on Congress to create a temporary home buyer tax credit along with other important tax measures to boost the faltering housing market and economy.

Synovus Mortgage Corp. and Freddie Mac Bring Get The Facts! Homeownership Campaign to Central Alabama

Companies To Collaborate With Alabama Rural Action Commission and Community Service Programs of West Alabama, Inc.
Montgomery, AL - May, 5 2008 - (RealEstateRama) — Synovus Mortgage Corp. (Synovus) and Freddie Mac (NYSE: FRE) announce a new first-time homebuyer campaign in conjunction with two regional Alabama organizations. The new Initiative provides a grassroots campaign to demystify […]

Disaster Assistance Available for Lamar and Pickens Counties

MONTGOMERY—Governor Bob Riley said he is very pleased that the U.S. Small Business Administration will open a Disaster Loan Outreach Center in Vernon on Tuesday.  Residents of Lamar and Pickens counties may be eligible for assistance resulting from the severe storms and tornadoes that passed through the area on January 10.  These counties are eligible […]

Annual ‘Best Places to Live in Rural America’ Rankings Released

The Progressive Farmer magazine crowns Maryland’s Kent County and nine other best rural places to live based on their ability to thrive-even during struggles-among other quality-of-life statistics.
Rankings are further indication of growing interest in rural living in America.

Online Home Auction Leader Posts Record-Breaking 2007 Despite Year of Real Estate Decline

A growing acceptance of technology and the ability to sell properties quickly have made RealtyBid.com an innovator within the real estate industry
RAINBOW CITY, Ala., Jan. 28 /PRNewswire/ — RealtyBid.com, the nation’s leader in online home auctions, has announced that 2007 was a record-breaking year for the company. The online home auction website specializes in “selling […]

LFC to Auction Prime Bay Front Development Property in Gulf Shores, Alabama

NEWPORT BEACH, CA– LFC Online, an Internet real estate auction marketing firm and part of the LFC Group of Companies, has announced that it will auction over 22 acres of prime development property located on the Fort Morgan Peninsula, in Gulf Shores, Alabama.The 22.5-acre parcel of residential development land, just north of Highway 180, is […]

Nordstrom to Open First Alabama Store at Riverchase Galleria in Birmingham

SEATTLE, Nov. 30 /PRNewswire-FirstCall/ — Seattle-based Nordstrom, Inc. (NYSE: JWN), a leading fashion specialty retailer, announced it has signed a letter of intent with General Growth Properties and Jim Wilson & Associates, LLC to open a new Nordstrom store at Riverchase Galleria in Birmingham.

Ferrari Capital Partners, LLC Makes Key Decision to Scale Back Proposed Real Estate Development Project in Semmes, Alabama

MOBILE, Ala. (Business Wire EON) November 27, 2007 — Ferrari Capital Partners (www.ferraricapitalpartners.com), a large scale real estate developer in the southeastern United States, has announced plans to scale back a proposed 523 lot Planned Unit Development (PUD) subdivision in order to better serve the needs of the community.

Data: U.S. Rep. Davis Can Act To Save 784 Homes In Congressional District From Foreclosure During Subprime Mortgage Crisis

Estimate of Number of Homeowners Who Could Save Home Based on Publicly Available Data from Center For Responsible Lending; Rep. Davis Urged to Support Pending Bills to Eliminate Unfairness in Mortgage Foreclosure Process.
BIRMINGHAM, Ala., Nov. 26 /PRNewswire-USNewswire/ — There is promising news today for distressed homeowners in the Birmingham-Selma area. The National Association of Consumer […]