Yearly Archives: 2009

Settlement Gains Refunds for Idaho Mortgage Modification Victims

Boise, ID - December 23, 2009 - (RealEstateRama) -- Twelve Idaho homeowners who paid a Meridian man, Paul Clarence Aughtry, IV, for mortgage loan modifications will receive refunds totaling $12,400 as a result of settlement agreements with Attorney General Lawrence Wasden and the Idaho Department of Finance. As a result of the actions, Aughtry is prohibited from engaging in loan modification activities in Idaho.

$6,000 contributed to Finally Home! Homebuyer Education

BOISE, ID - December 21, 2009 - (RealEstateRama) -- Wells Fargo Foundation recently contributed $6,000 to the Finally Home!® Homebuyer Education Program administered by the Idaho Partners for Home Buyer Education, Inc. (IPHBE, Inc.). In total, Wells Fargo has contributed $100,000 to the program, $5,000 of which was dedicated to translation of the course textbook into Spanish.

Qualified homebuyers can now benefit from tax credit extension

BOISE, ID - December 21, 2009 - (RealEstateRama) -- Qualified homebuyers can now take advantage of the recent extension and expanded provisions of the federal homebuyer tax credit of $8,000 for first-time homebuyers and $6,500 for homebuyers who have lived in their home for the past five years. To be eligible for this tax credit, homebuyers must sign a contract for a new home by April 30, 2010 and close on the home by June 30, 2010.

Commission rules on building contractors’, highway districts’ petitions

December 3, 2009 - (RealEstateRama) -- The Idaho Public Utilities Commission is granting in part and denying in part petitions for reconsideration filed by area highway districts and, in the same case, denying a petition for reconsideration by the Building Contracts Association.

Minnick supports two credit measures for consumers

Washington, D.C. - December 2, 2009 - (RealEstateRama) -- In these tough times, Idahoans deserve the chance to buy a home or attend college without having to worry about unfair marks from credit agencies.

Idaho Joins Other States in Efforts to Enhance Supervision of Multi-State Mortgage Companies

December 2, 2009 - (RealEstateRama) -- Gavin Gee, director of the Idaho Department of Finance, today announced the signing of an updated agreement to cooperatively work with other state mortgage regulators in overseeing the activities of state-licensed mortgage companies operating across state lines

Simpson Supports Extension of Homebuyer Tax Credit

Washington, DC - November 6, 2009 - (RealEstateRama) -- The U.S. House of Representatives today overwhelmingly passed legislation extending the First-Time Homebuyer Tax Credit Provision through April 30, 2010. The bill also creates a new tax credit for move-up buyers who have lived in their current residence for at least five years. The expanded tax credit was included as part of H.R. 3548, legislation that provides an extension of federal unemployment insurance benefits.

Up to $20,000 down payment assistance available to qualified first-time homebuyers for a limited...

BOISE, ID - November 5, 2009 - (RealEstateRama) -- Are you a first-time homebuyer? If so, you may be eligible for down payment assistance funds of up to $20,000 in conjunction with a mortgage loan from IdaMortgage, brought to you by Idaho Housing and Finance Association (IHFA), to purchase your new home. These down payment assistance funds are only available until Jan. 1, 2010, so you must act quickly to take advantage of this funding.

Simpson Cosponsors Legislation to Provide Estate Tax Relief

Washington, DC - November 3, 2009 - (RealEstateRama) -- Idaho Congressman Mike Simpson is a cosponsor of H.R. 3095, the Estate Tax Relief Act of 2009. The legislation increases the estate tax exemption to $5 million per person and reduces the top rate to 35% in equal increments over ten years.

Meridian Real Estate Fund Manager is Charged With Defrauding Idaho Investors

Boise, ID - October 27, 2009 - (RealEstateRama) -- The Idaho Department of Finance has filed a complaint in Ada County District Court against Sheila Lea Jones. Jones, owner of Vitruvian Investment Group, solicited investors to pool their money for investment into a real estate fund managed by Jones. The fund purportedly invested in short-term construction and development loans, as well as conventional real estate transactions including both commercial and residential loans. The defendant allegedly raised over $3.7 million from at least 40 investors and offered annual returns of 8 percent to 10.5 percent. The State’s complaint alleges violations of the anti-fraud provisions of the Idaho Securities Act and violations of the Idaho Financial Fraud Prevention Act. Vitruvian Investment Group filed for Chapter 7 bankruptcy protection in November 2008

Department of Finance Orders Meridian Mortgage Loan Modification Company to Cease Further Business Activities

Boise, ID - October 14, 2009 - (RealEstateRama) -- The Idaho Department of Finance announced today the issuance of a Cease and Desist Order against Meridian-based International Co-op LLC for engaging in unlicensed mortgage loan modification activities and for illegally charging distressed Idaho homeowners exorbitant upfront fees.

Critical local, state and national housing issues to be discussed at the 2009 Idaho...

October 14, 2009 - (RealEstateRama) -- The state of housing – both across the nation and in Idaho – will be discussed by experts, local leaders and housing industry professionals at the 2009 Idaho Conference on Housing. This conference, to be held Oct. 19-20 at the Doubletree Hotel Boise-Riverside, features national speakers who will bring the topic of housing full circle - from the national perspective to a look at the challenges faced by Idaho's housing market. Local speakers will also contribute expertise from their communities. More than 350 people are already registered, and there is still time to take part in the conference. Attendees can register online at Registration is $125 per person for nonprofit attendees and $175 for all others.

2009 Idaho Conference on Housing Idaho Department of Finance Offers Information about Mortgage Industry

October 13, 2009 - (RealEstateRama) -- Gavin Gee, director of the Idaho Department of Finance, announced his department’s participation as a co-sponsor in the “2009 Idaho Conference on Housing,” scheduled for October 19th and 20th at the Doubletree Hotel in Boise, Idaho. This event is organized by Idaho Housing and Finance Association. The Idaho Conference on Housing entitled “Mapping the Future” is the state’s largest and most comprehensive housing conference that will encompass important issues facing Idaho’s housing industry and the challenges set forth in the current economic environment.

Harrison joins Idaho Partners for Homebuyer Education, Inc.

September 1, 2009 - (RealEstateRama) -- Idaho Partners for Homebuyer Education, Inc. (IPHBE), welcomes Heather Harrison as Finally Home!® Homebuyer Education/Counseling Administrator. Harrison administrates the Finally Home!® classes held across the state in partnership with regional training partners, and the English and Spanish classes available online. Harrison will also coordinate the free statewide housing counseling program that Idaho Housing and Finance Association offers to Idahoans who have questions about meeting their mortgage payment, rental issues, reverse mortgage, or credit counseling before purchasing a home


Washington, DC - July 24, 2009 - (RealEstateRama) -- A groundbreaking partnership to transfer unneeded housing units from the Mountain Home Air Force Base to members of the Shoshone-Paiute Tribes may soon be law, thanks to language added to a defense authorization bill. An amendment based on legislation written by Idaho Senator Mike Crapo (S. 390), was included in the final passage of the FY 2010 Defense Authorization Act (S. 1390). Crapo supported the authorization bill, which passed the Senate on a vote of 87 to 7.


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