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Lexington Man Sentenced for Mortgage Fraud

COLUMBIA, SC - November 29, 2011 - (RealEstateRama) -- United States Attorney Bill Nettles stated today that Robert C. Sasser, age 32, of Lexington, was sentenced in federal court in Columbia for wire fraud, a violation of 18 U.S.C. § 1343. United States District Judge Margaret B. Seymour sentenced Sasser to three years’ imprisonment and ordered him to pay approximately $1.6 million in restitution to Wells Fargo bank

Chapin Man Sentenced on Bank Fraud Charges Deriving from Sale of Myrtle Beach Property

COLUMBIA, SC - November 22, 2011 - (RealEstateRama) -- United States Attorney Bill Nettles stated today that Kenneth Paul Holmes, age 48, of Chapin, South Carolina, was sentenced in federal court in Florence, South Carolina, for conspiracy to commit bank fraud, a violation of 18 U.S.C. § 1349. United States District Judge Terry L. Wooten of Florence sentenced Holmes to five months’ imprisonment and ordered him to pay $2,488,398.00 in restitution.

South Carolina REALTORS® Release September Market Numbers

COLUMBIA, S.C. - October 17, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its September 2011 statewide market reports. Like the weather, all real estate is local. As we embark on the fourth and final quarter of 2011, let's take a look at the South Carolina forecast.

Governor Haley to sign South Carolina REALTORS® Point of Sale bill Monday

COLUMBIA, S.C. - August 12, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) President Rusty Garrett will join Governor Nikki Haley and other business leaders at Daniel Island Real Estate on Monday, August 15 at 10:30 am for a ceremonial bill signing of H.3713, the Point of Sale bill. The bill passed this summer, shortly after an economic analysis revealed eliminating Point of Sale reassessments could increase investment in South Carolina real estate upward of $2.4 billion, resulting in a direct impact on jobs and the economy.

South Carolina REALTORS® release June market numbers

COLUMBIA, S.C. - July 15, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its June 2011 Market Reports. The rate of inventory absorption in the state of South Carolina slowed as Months Supply of Inventory was up 2.6 percent to 15.0 months. New Listings decreased 12.3 percent to 8,772 while Pending Sales were up 0.4 percent to 4,016. Inventory levels shrank 9.7 percent to 57,524 units, but even choosy buyers can still find top-notch homes.

South Carolina REALTORS® release April market numbers

COLUMBIA, S.C. - May 16, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its April 2011 Market Reports. The final month of year-over-year comparison to last year's tax incentive market is upon us. It bears repeating that April 2010 enjoyed uniquely strong activity due to the approaching credit deadline. New Listings in the state of South Carolina decreased 23.3 percent to 9/154. Pending Sales were down 37.9 percent to 4,008. Inventory levels shrank 7.0 percent to 57,680 units - a positive trend that should preserve market balance.

Republicans Push to End President’s Failed Mortgage Program

March 9, 2011 - (RealEstateRama) -- Today, U.S. Senators Jim DeMint (R-South Carolina) and Bob Corker (R-Tennessee), both members of the Senate Banking Committee, and Tom Coburn, M.D. (R-Oklahoma), a member of the Senate Finance Committee, introduced legislation to end the Housing Affordable Modification Program (HAMP).The program was intended to help over 7 million homeowners modify their mortgages to avoid foreclosure. Instead, HAMP has only permanently modified just over half a million loans while leaving thousands Americans worse off. A record 2.9 million homes were foreclosed on in 2010 with a projected 20% increase expected in 2011. In contrast, the Financial Services Roundtable reports that the private sector has completed nearly 9.8 million mortgage modifications since 2007, and over 1.2 million in 2010 alone.

Spratt Announces New Help for South Carolina Homeowners Struggling with Unemployment

WASHINGTON DC - August 19, 2010 - (RealEstateRama) -- Today U.S. Representative John Spratt (D-SC) announced additional support for South Carolina through two rounds of funding from the Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (Hardest Hit Fund),

Gov. Sanford Signs Energy Efficiency Legislation

Columbia, S.C. - March 31, 2010 - (RealEstateRama) -- Gov. Mark Sanford today signed legislation aimed at increasing the energy efficiency of homes in South Carolina.

Spratt Announces Assistance for South Carolina Homeowners

WASHINGTON, DC - March 29, 2010 - (RealEstateRama) -- Today U.S. Rep. John Spratt (D-SC) announced that South Carolina will be eligible to receive as much as $138 million in targeted federal assistance for states that are disproportionately affected by the economic downturn and a decline in housing values.

Charlotte Man Pleads Guilty to Aiding and Abetting Mortgage Fraud

COLUMBIA, SC - March 23, 2010 - (RealEstateRama) -- nited States Attorney KEVIN F. MCDONALD stated today that BRAD L. GREENBERG, age 53, of Charlotte, pled guilty today to Misprision1 of a Felony, a violation of Title 18, United States Code, Section 4. United States District Judge Cameron McGowan Currie accepted the plea and has scheduled sentencing for May 25th.

Spratt Votes To Extend Unemployment Insurance Benefits, Homebuyers’ Tax Credit, Business Tax Relief

WASHINGTON, D.C. - November 5, 2009 - (RealEstateRama) -- The U.S. House of Representatives today gave final approval to a bill backed by Rep. John Spratt (D-SC) that would extend unemployment benefits, the homebuyers' tax credit, and the tax relief for military families and businesses.

DeMint: Housing Bill Could Increase Foreclosures, Reduce Home Values

April 10th, 2008 - Washington, D.C. - Today, U.S. Senator Jim DeMint (R-South Carolina) made the following statement after he voted against the Senate...

Graham Supports Bill to Benefit Homeowners

WASHINGTON - 04/10/2008 - U.S. Senator Lindsey Graham (R-South Carolina) today voted in favor of the Foreclosure Prevention Act of 2008. The Senate approved...

Triple Net Properties Sells Caledon Wood Apartments In Greenville

Santa Ana, Calif., January 4, 2008 – Chief Investment Officer Jeff Hanson announced today that Triple Net Properties LLC has sold Caledon Wood Apartments...

Gov. Sanford Proposes Additional $50 Million for Land Conservation

EXECUTIVE BUDGET WOULD MORE THAN QUADRUPLE CONSERVATION FUND FOR LAND PURCHASES, CONSERVATION EASEMENTS Charleston, S.C. - December 10, 2006 - Gov. Mark Sanford announced today...

CUSHMAN & WAKEFIELD SONNENBLICK GOLDMAN ARRANGES $45.9 MILLION ACQUISITION FINANCING FOR LEEDS PARK

Tuesday, November 27, 2007 – New York, NY – Real estate investment bank Cushman & Wakefield Sonnenblick Goldman has arranged the $45.9 million acquisition...

Hardeeville Receives $2.5 Million From Core Communities And Tradition Hilton Head For Its Recreation...

Hardeeville, SC., Nov. 19, 2007 -- The City of Hardeeville received today a $2.5 million grant for additions and improvements to its Recreation Park...

Justice Department Reaches Settlement with the Multiple Listing Service of Hilton Head Island Inc.

Group Changes Rules to Allow Low-Priced and Innovative Real Estate Brokers to Compete WASHINGTON, OCTOBER 16, 2007 -- The Department of Justice announced today that it...

Department Of Treasury Awards Wachovia $105 Million New Markets Tax Credit Allocation

Award brings Wachovia's total program allocation to $488 million CHARLOTTE, N.C., October 05, 2007 — Wachovia announced today that it received a $105 million allocation of...

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South Carolina REALTORS® release June market numbers

South Carolina REALTORS® (SCR) today released its June housing market reports. The data show an up-tick in sales and prices for most areas, while the number of homes for sale and total months supply of inventory have been going down.

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Clyburn Statement on Introduction of the Restoring Tax Credits For Affordable...

U.S. House Assistant Democratic Leader James E. Clyburn (SC) today released the following statement after introducing the Restoring Tax Credits for Affordable Housing Act and cosponsoring a package of affordable housing bills.