© A/P 2009 Citigroup Inc. will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season. The New York-based bank said Thursday the suspension will run from Friday through Jan. 17. It applies only to borrowers whose loans are owned by Citi. Borrowers who make payments to Citi but whose loans are owned by other investors are out of luck. "We want our borrowers to have a much less stressful time, to spend their time with their families during the holidays as opposed to worrying about their homes," Sanjiv Das, head of the company's mortgage division, said in an interview. More >>

Wednesday night the United States House of Representatives passed, on a largely party line vote of 244-188 (Ginny Brown-Waite R-FL 5th did not vote), HR 1, the American Recovery and Reinvestment Act of 2009.  The economic stimulus bill, as the legislation is more commonly known, contains a number of key provisions for REALTORS.  Restoration of the 2008 Loan Limits for FHA, Fannie Mae and Freddie Mac to 125% of median home price up to a limit of $729,750Elimination of the repayment provision of the $7,500 first time home buyer tax creditExpansion of tax-exempt housing bondsIncreased funding for the Rural Housing Service programAdditional funding for neighborhood stabilization activi ...
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REALTORS® of Arizona Political Action Committee 2008 Candidate Endorsements   This is the current list of RAPAC Trustee endorsements for the Arizona House and Senate as of September 25, 2008.   Arizona Senate  • Steve Pierce - District 1• Albert Hale - District 2• Ron Gould - District 3 • Jack Harper - District 4• Sylvia Tenney Allen - District 5 • Pamela Gorman - District 6 • Jim Waring - District 7 • Carolyn Allen - District 8 • Bob Burns - District 9• Linda Gray - District 10• Barbara Leff - District 11• John Nelson - District 12&bu ...
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No Nevada water grab, says judgeBob Challinor, ©Desert Valley Times Originally published November 2, 2007 An Arizona administrative law judge recommended denial of Wind River Resources LLC’s application for a permit to transport water from Beaver Dam Wash to Nevada. The long-awaited decision by Judge Thomas Shedden came Tuesday in a 44-page document. Herb Guenther, director of the Arizona Department of Water Resources, now is on the clock to issue his decision on the application. He has a 30-day period, following Shedden’s recommendation, to make the decision. Wind River Resources, an Arizona company, submitted an application in March 2005 to pump groundwater from Mormo ...
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 FAQs about SB 1062: The HOA For Sale Sign LegislationBy K. Michelle Lind & Tom Farley   SB 1062 went into effect on September 19, 2007, and provides for a significant change in the statutes governing homeowner’s associations (HOA). As a result of SB 1062, a homeowner living in an HOA governed by these statutes will be permitted to display an industry-standard size for sale sign on the owner’s property, even if such signs are prohibited in the HOA governing documents.  The legislation has raised questions and some HOAs have developed creative interpretations of the new law. However, although there is some confusion about what authority an HOA  governe ...
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