Laws & Taxes

Laws & Taxes

State housing agency releases $81 million in first time homebuyer funds

AUSTIN, TX - August 20, 2009 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) has released $81 million in mortgage loan funds available to help qualifying households purchase their first home. Homeownership promotes stable families and neighborhoods, generates local economic development with construction jobs, and supports local governments with increased tax revenue.

Tax Masters Leases Entire Building in West Houston

Houston, TX - August 17, 2009 - (RealEstateRama) -- Tax Masters, Inc. has signed a deal to relocate its office from 900 Town and Country Lane to 2020 Dairy Ashford, part of a two building complex located on Dairy Ashford, just north of Westheimer Road in west Houston. The Houston-based, IRS tax relief representation firm leased the entire six story building totaling 107,890 square feet.

State housing agency invests $78.7 million to expand rental housing choices in Texas

AUSTIN, TX - August 5, 2009 - (RealEstateRama) -- Striving to increase the state’s stock of affordable rental housing, strengthening families and communities in uncertain economic times, the Texas Department of Housing and Community Affairs (TDHCA) has announced a funding plan to help finance affordable rental properties across the state bringing stability to young working families and retired individuals while providing a boost to local economies.

Clear Lake Mortgage Broker/Real Estate Developer Sentenced to 10 Year Prison Term

HOUSTON, TX - July 29, 2009 - (RealEstateRama) -- Richard Bell, 50, president and CEO of Harborside Mortgage Corporation, was sentenced to 121 months in prison late yesterday by U.S. District Judge Gray Miller for bank fraud and money laundering, United States Attorney Tim Johnson announced today.

Father, Daughter, Wife Indicted in Mortgage Fraud Conspiracy

HOUSTON, TX - July 21, 2009 - (RealEstateRama) -- An 11-count sealed indictment charging conspiracy and wire fraud has been unsealed following the arrests of Claymon "Butch" Trammell, Michelle Trammell and Jeannettea Williams, United States Attorney Tim Johnson announced today.

State releases $7.5 million for down payment loans in advance of homebuyer federal tax...

AUSTIN, TX - July 7, 2009 - (RealEstateRama) — Do you consider yourself a would-be first time homebuyer eager to take advantage of current market conditions and the new federal homebuyer tax credit but don’t have enough ready cash on hand to make a down payment? The Texas Department of Housing and Community Affairs (TDHCA) has a solution for you.

Federal Jury Convicts San Antonio Woman of Criminal Contempt and Mail Fraud in Foreclosure...

San Antonio, TX - June 17, 2009 - (RealEstateRama) - John E. Murphy, Acting United States Attorney, announced that a federal jury this morning returned a guilty verdict against a San Antonio woman, who claimed to be a foreclosure prevention specialist, on seven counts each of criminal contempt and mail fraud.

Office of the Attorney General Hosts Mortgage Fraud Summit

AUSTIN, TX - June 15, 2009 - (RealEstateRama) — Texas Attorney General Greg Abbott today welcomed state and local authorities, law enforcement officials, prosecutors and other interested Texans to the Office of the Attorney General’s (OAG) Mortgage Fraud Summit.

Attorney General Abbott Charges Houston Property Tax Firm with Texas Property Tax Code and...

HOUSTON, TX - June 1, 2009 - (RealEstateRama) — Texas Attorney General Greg Abbott has charged O’Connor & Associates, which purports to be the state’s largest property tax consultant, with violating the Texas Property Tax Code and the Deceptive Trade Practices Act.

Attorney General Abbott Charges Houston Firms with Conducting Fraudulent Foreclosure Rescue Scam

HOUSTON, TX - May 15, 2009 - (RealEstateRama) — A Harris County district judge froze several Houston firms’ assets after Texas Attorney General Greg Abbott charged the companies with running foreclosure “rescue” scams.

Mortgage Broker Convicted for Mortgage Fraud

HOUSTON, TX - May 13, 2009 - (RealEstateRama) — Clarence Lewis III has been was found guilty of devising a scheme to defraud residential mortgage lenders by misstating information material to the lending decision, acting United States Attorney Tim Johnson announced today.

Sen. Cornyn: Senate Clears Bill To Help Struggling Homeowners

Washington, DC - May 6, 2009 - (RealEstateRama) — U.S. Sen. John Cornyn, a member of the Finance and Budget Committees, released the following statement after supporting the Helping Families Save Their Homes Act, which passed the Senate today by a vote of 91-5.

East Texas Woman Sentenced To 99 Years In Prison For Mortgage Fraud

CORSICANA, TX - March 23, 2009 - (RealEstateRama) — A Henderson County woman was today sentenced to 99 years in prison for her role in a mortgage fraud scheme.

Foreclosure Assistance Solutions Inc. repays 351 Texas homeowners more than $390,000

SAN ANTONIO, TX - March 12, 2009 - (RealEstateRama) — Texas Attorney General Greg Abbott today announced the conclusion of the state’s enforcement action against Foreclosure Assistance Solutions (FAS). As a result of an agreement, the Florida-based company must no longer engage in the foreclosure mitigation business in Texas and has paid more than $390,000 in restitution to 351 Texas homeowners.

Consumer Alert: Foreclosure Rescue Scams Growing Threat To Consumers

Fraudulent companies cheat Texans out of the American Dream of homeownership Austin, TX - March 5, 2009 - (RealEstateRama) — Tough economic times bring out criminals seeking to take advantage of the desperate or unwary.

Callegari Proposes Property Tax Appraisal Caps For Texas Businesses

Austin, TX - February 2, 2009 - (RealEstateRama) – On Monday State Representative Bill Callegari (Katy) filed two measures to cap increases in property tax appraisals for commercial property.

Relief For Struggling Homeowners

Austin, TX - January 27, 2009 - (RealEstateRama) – Rep. Mike Villarreal filed legislation today that could provide much needed relief for struggling homeowners.

Foreclosure Rescue Fraud Prevention Act to strengthen penalties for scams

AUSTIN, TX - December 10, 2008 - (RealEstateRama) – Texas Attorney General Greg Abbott and state Sen. Craig Estes (Wichita Falls) announced a legislative...

Aycock Files Legislation For Veterans’ Property Tax Exemption

Austin, TX - November 14, 2008 - (RealEstateRama) – Monday, Representative Jimmie Don Aycock pre-filed House Bill 62, exempting persons who are 100 percent disabled or totally...

Villarreal Pushes Fairness For Homeowners & Students In Pre – Filed Bills

First Day of Pre-Filing State Legislation Highlights Policy Priorities Austin, TX - November 10, 2008 - (RealEstateRama) – On the first day to pre-file legislation...

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Texas condominium sales up, townhome sales down during first half of...

Condominium sales in Texas’s major metro areas increased and townhome sales fell in the first half of 2016, according to the Texas Condominium Mid-Year Sales Report. Released today by the Texas Association of REALTORS®, the report shows that condominium sales in Texas’ four largest markets have seen increasing demand over townhomes and single-family homes among young professionals and retirees. This is the first time in the report’s history that condo and townhome statistics have been reported separately.

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Team from University of Texas at Austin Wins 2017 ULI Hines...

A redevelopment plan for a Chicago site presented by a team from the University of Texas at Austin has taken top honors in the 2017 Urban Land Institute (ULI) Hines Student Competition, an ideas competition that provides graduate students the opportunity to devise a comprehensive design and development scheme for a large-scale site in an urban area. Members of the team were awarded a first-place prize of $50,000 after the conclusion of the competition on April 6.