Yearly Archives: 2009
Reed Encouraged By Administration’s Efforts to Help Homeowners by Demanding More Accountability from Banks...
WASHINGTON, DC - July 10, 2009 - (RealEstateRama) – As foreclosure rates around the country continue to rise, it has become increasingly difficult for many homeowners seeking to modify their mortgages to get a hold of their loan servicers.
Governor Carcieri Hails Deepwater Wind Rhode Island Lease Agreement at Quonset Business Park
Providence, RI - June 30, 2009 - (RealEstateRama) - Governor Carcieri today hailed the Quonset Development Corporation Board of Directors’ approval of a development agreement to lease 117 acres to Deepwater Wind Rhode Island, LLC in the Quonset Business Park for the development of the company’s regional manufacturing facility and its regional development headquarters.
Legislation closing loophole in hurricane insurance rules signed into law
Providence, RI - June 25, 2009 - (RealEstateRama) — Legislation approved by the General Assembly -- to close a loophole in state law regulating hurricane insurance deductibles – has been signed into law and will, according to the bills’ prime sponsors, correct language that could have proved unnecessarily costly to Rhode Island homeowners.
Rhode Islanders Falling Prey to Mortgage Modification and Foreclosure Rescue Scams
Providence, RI - June 22, 2009 - (RealEstateRama) - Scams that promise to "rescue" troubled homeowners from foreclosure are popping up at an alarming rate nationwide. Here in Rhode Island, which is currently ranked 10th in the nation for foreclosure activity, distressed homeowners are at particularly high risk of predators.
RI Housing Project for Low-Income Seniors Honored
CHICAGO - June 10, 2009 - (RealEstateRama) – A Rhode Island affordable housing development designed to meet the needs of low-income seniors in and around North Smithfield has been recognized as one of the top projects in the country.
Legislation closing loophole in hurricane insurance rules signed into law
Providence, RI - June 10, 2009 - (RealEstateRama) – Legislation approved by the General Assembly -- to close a loophole in state law regulating hurricane insurance deductibles – has been signed into law and will, according to the bills’ prime sponsors, correct language that could have proved unnecessarily costly to Rhode Island homeowners.
Defendant Pleads Guilty to Wire Fraud Relating to Mortgage Fraud Scheme
Boston, MA - June 9, 2009 - (RealEstateRama) – Pasquale Scavitti, III, age 46, resident of Cranston, Rhode Island, pleaded guilty today to Wire Fraud. Scavitti admitted that between 2003 and August 2008 he unlawfully diverted mortgage funds that were wire transferred into his client office account to his own personal benefit, resulting in losses in excess of $2.5 million.
State Receives 3500 Blankets for the Homeless
April 28, 2009 - (RealEstateRama) — The State of Rhode Island has received 3500 blankets, at no cost, from the Defense Supply Center Philadelphia (DSCP), a field-level activity of the Defense Logistics Agency (DLA), an agency of the United States Department of Defense (DOD). The blankets are intended for distribution to the homeless. The donation came through a DOD Homeless Support Program implemented by the Stewart B. McKinney Homeless Assistance Act.
RI Receives $5.5 Million for Community Services Block Grant Program
Warwick, R.I. - April 7, 2009 - (RealEstateRama) — Congressmen Patrick J. Kennedy and Jim Langevin announced today that Rhode Island will receive $5,527,291 for the Community Services Block Grant (CSBG) program.
Housing Authorities Receive Reinvestment Act Funding
Warwick, R.I. - March 24, 2009 - (RealEstateRama) — Congressman Jim Langevin (D-RI) today announced local housing authorities will have access to over $18 million in funding due to the passage of the American Recovery and Reinvestment Act. The funding will be directed to local agencies through US Department of Housing and Urban Development (HUD) Public Housing Capital Fund Program.
44 Million in Federal Funding On Its Way to Help RI Weatherize Homes, Improve...
Washington, DC - March 12, 2009 - (RealEstateRama) — Rhode Island’s Congressional Delegation today announced that Rhode Island will receive $44,033,615 in weatherization and energy efficiency funding, including $23.96 million for the State Energy Program (SEP) and $20.07 million for the Weatherization Assistance Program (WAP).
Senators announce bill for foreclosure moratorium
Providence, RI - March 3, 2009 - (RealEstateRama) — In an effort to stem the swelling tide of house foreclosures in Rhode Island, a group of senators led by Sen. Charles J. Levesque today announced legislation to institute a 180-day moratorium on foreclosures in Rhode Island.
$79 Million in Recovery Funds Released Today for Rhode Island Housing Assistance
WASHINGTON, DC - February 25, 2009 - (RealEstateRama) — U.S. Senator Jack Reed (D-RI) today announced that the U.S. Department of Housing and Urban Development (HUD) is making over $79 million available to Rhode Island through the American Recovery and Reinvestment Act of 2009.
Langevin Calls for Halt to Foreclosures
Warwick, R.I. - February 18, 2009 - (RealEstateRama) – Congressman Jim Langevin (D-RI) sent a letter today to Rhode Island mortgage lenders urging them to suspend new foreclosure initiations against the state’s homeowners while the Obama Administration and Congress finalize their plan to stem the foreclosure crisis
Rhode Island Nursing Homes Outperfom Nation in Third Statewide Report on Resident and Family...
February 11, 2009 - (RealEstateRama) – The Rhode Island Department of Health (HEALTH) released the third annual survey on resident and family satisfaction with nursing home care Rhode Island.
