Laws & Taxes

Cleveland Area Board of REALTORS (CABOR) to Celebrate First Nationwide Open House Weekend April 10 and 11

Cleveland, OH - March 11, 2010 - (RealEstateRama) — CABOR will join REALTORR organizations across the country to celebrate the first-ever REALTORR Nationwide Open House weekend on April 10 and 11, 2010. According to Chairman of the Board of Directors for CABOR, George J. Pofok, CCIM, SIOR, the purpose of the countrywide campaign is to increase awareness of the benefits of buying a home, give sellers an opportunity to increase exposure of their home for sale and spread the word about the expanded first-time homebuyer tax credit, which ends April 30, 201

Ohio Treasury Partners With U.S. Bank To Help Ohioans Conserve Energy And Lower Utility Costs

Cincinnati, OH - February 19, 2010 - (RealEstateRama) — The Ohio Treasury announced that it will partner with U.S. Bank to offer the Energy Conservation for Ohioans (ECO-LINK) program to help Ohioans save money as they make their homes more energy efficient.

Investigation by Federal, State and Local Task Force Leads to Mortgage Fraud Charges Against Six People Involving Million-Dollar Plus Houses

CINCINNATI, OH - January 29, 2010 - (RealEstateRama) — A two-year investigation by the Greater Cincinnati Mortgage Fraud Task Force has resulted in a seven-count indictment charging two Cincinnati area home builders, a former Huntington National Bank vice president, and a self-employed tax preparer and interior designer with participating in a mortgage fraud scheme to sell four high-end luxury properties to “straw buyers.”

Four Sentenced for Mortgage Fraud Scheme

DAYTON, OH - January 22, 2010 - (RealEstateRama) — Four participants in an extensive mortgage fraud scheme that affected 210 residential properties including 205 in Montgomery County were sentenced today in federal court by U.S. District Judge Michael R. Barrett.

Columbus Accountant and Realtor Plead Guilty to Mortgage Fraud and Obstruction of Justice Conspiracies

WASHINGTON, DC - January 21, 2010 - (RealEstateRama) — Dennis G. Sartain of Hilliard, Ohio; and Bonnie Helt, of Columbus, Ohio, pleaded guilty today to conspiring to commit mortgage fraud, money laundering and obstruction of justice, the Justice Department and Internal Revenue Service (IRS)

OHFA Board approves more than $53M for property restoration and neighborhood regeneration

COLUMBUS, OH - January 20, 2010 - (RealEstateRama) — Today the Ohio Housing Finance Agency (OHFA) Board approved over $49 million of Tax Credit Exchange (TCE) and Tax Credit Assistance Program (TCAP) dollars created in the American Recovery and Reinvestment Act (ARRA) together with more than $4 million from OHFA’s Housing Development Assistance Program (HDAP).

Seven Indicted in Mortgage Fraud Scheme

CINCINNATI, OH - January 14, 2010 - (RealEstateRama) — A federal grand jury here has indicted six members of a family and one of their employees charging them with operating a mortgage fraud conspiracy between 2004 and 2009.

Sen. Brown, Columbus Housing Partnership Cite First-Time Homebuyers Tax Credit Extension As Key To Columbus Economic Recovery

COLUMBUS, OH - November 16, 2009 - (RealEstateRama) — At the soon-to-be new home of Mike Decker and Katie Arends, who used the first-time homebuyer federal tax credit to build their first house, U.S. Sen. Sherrod Brown (D-OH) today discussed how the newly extended federal tax credit can help other Columbus community members purchase new homes.

Federal stimulus funding breathes new life into statewide affordable housing initiatives

COLUMBUS, OH - November 6, 2009 - (RealEstateRama) — Funding made possible through the American Recovery and Reinvestment Act (ARRA) will support the creation of over 750 units of new affordable housing in 17 Ohio communities.

Boccieri Says Tax Credit for Homebuyers Will Continue

WASHINGTON, DC - November 6, 2009 - (RealEstateRama) — Upon passage today of legislation to extend the first-time homebuyers tax credit, and expand the hombuyers tax credit to all homeowners buying new primary residences, U.S. Congressman John Boccieri (D-Alliance) today issued the following statement:

Brown Announces Support for Bill to Extend Unemployment Benefits and Expand Homebuyer Tax Credit

WASHINGTON, D.C. - November 2, 2009 - (RealEstateRama) — U.S. Sen. Sherrod Brown (D-OH) announced his support for a bill that would provide for an extension of emergency benefits to unemployed workers and expand the homebuyer tax credit.

The Ohio Housing Finance Agency releases 2010 housing tax credit application guidelines

COLUMBUS, OH - October 21, 2009 - (RealEstateRama) — Today, the Ohio Housing Finance Agency (OHFA) released the 2010 Qualified Allocation Plan (QAP) that guides the development of affordable housing throughout the state.

First-Time Homebuyer Tax Credit For Military Members Serving Overseas Could Have Significant Impact On Ohio

WASHINGTON, DC - October 13, 2009 - (RealEstateRama) — Representative Marcia L. Fudge (OH-11) applauded legislation that grants a one-year extension of the first-time homebuyer tax credit for members of the Armed Forces who served overseas in 2009.

Kilroy Supports Measure to Extend Tax Credit for Military Homebuyers

WASHINGTON, DC - October 13, 2009 - (RealEstateRama) — U.S. Rep. Mary Jo Kilroy voted to amend the home-buying provisions in the American Recovery and Reinvestment Act to benefit active-duty service members and other federal employees.

Brown Announces Support For New Bill Extending Tax Credit For First-Time Homebuyers

WASHINGTON, D.C. - October 14, 2009 - (RealEstateRama) — A tax credit that has helped more than 48,000 Ohio families purchase their first homes will expire on Dec. 1 unless Congress passes an extension.