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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.

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.

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.

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

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.

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.

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.

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

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.

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.

Governor Otter Approves Law Implementing New Federally Required Standards. Boise, ID - July 2, 2009 - (RealEstateRama) — Department of Finance Director Gavin Gee announced that new federal standards governing the licensing and oversight of mortgage loan originators took effect in Idaho today, July 1, 2009.

Model Agreement Will Bring Relief to Homeowners. Boise, ID - June 24, 2009 - (RealEstateRama) — Gavin Gee, director of the Idaho Department of Finance, announced today a formal settlement agreement with Florida-based Taylor, Bean & Whitaker Mortgage Corporation (TBW) regarding “nontraditional” mortgage loans it made in 2006

BOISE, ID - June 22, 2009 - (RealEstateRama) — Residents of 19 Idaho counties can estimate their 2009 property taxes by visiting the Idaho State Tax Commission’s Web site at tax.idaho.gov. The Web site’s home page links to a calculator that allows taxpayers to estimate what they will owe.

CHUBBUCK, ID - April 17, 2009 - (RealEstateRama) — IdaMortgage, brought to you by Idaho Housing and Finance Association, will honor more than 70 Pocatello area REALTORS® who have represented IdaMortgage home loan buyers during an upcoming REALTOR® Appreciation Luncheon in Chubbuck. In total, these REALTORS® have represented 562 buyers who purchased their homes with IdaMortgage home loans totaling more than $57 million collectively.