Colorado State Government and Public Real Estate News

WASHINGTON, D.C. – February 26, 2015 – (RealEstateRama) — Congressman Scott Tipton (R-CO) joined with a number of his bipartisan House colleagues to urge House leaders to work with them to pass a multi-year transportation infrastructure reauthorization bill.

The text of the letter from Tipton and his colleagues to Speaker of the House John Boehner and Minority Leader Nancy Pelosi follows: more »

WASHINGTON – February 12, 2015 – (RealEstateRama) –Today, Congressman Scott Tipton (R-CO) questioned Department of Housing and Urban Development (HUD) Secretary Julian Castro during a House Committee on Financial Services oversight hearing to examine the Federal Housing Administration’s (FHA) precarious financial state. more »

DENVER – September 25, 2014 – (RealEstateRama) — The Colorado Attorney General’s Office announced that the statewide grand jury has issued a 37-count indictment against six family members for using their status in the real estate industry to perpetrate a fraud-for-profit mortgage fraud scheme. The family is accused of manipulating “straw buyers” to buy and sell properties destined for foreclosure. The six are accused of violating the Colorado Organized Crime Control Act based on the commission of crimes ranging from Forgery and Theft, to Criminal Impersonation, and Attempt to Influence a Public Servant. more »

WASHINGTON, D.C. – August 19, 2014 – (RealEstateRama) — When searching for a real estate professional it’s helpful to start your search by meeting with agents that have assisted family or friends that you know and trust. During your meeting, ask if he or she is a Realtor®, a member of the National Association of Realtors®, and a professional who holds themselves to a higher ethical standard. more »

Denver, Colo. – August 11, 2014 – (RealEstateRama) — The U.S. Environmental Protection Agency (EPA) today announced that Hunt Building has agreed to resolve alleged Clean Water Act violations at two military housing construction sites at the United States Air Force Academy in Colorado Springs, Colo. The company will pay a civil penalty of $310,000. more »

DENVER – July 18, 2014 – (RealEstateRama) — Colorado Attorney General John Suthers today announced the filing of civil law enforcement actions against the two largest foreclosure law firms in Colorado. In separate filings, the Attorney General’s Consumer Protection Section charged The Castle Law Group, its principals and affiliated foreclosure-related businesses, as well as Aronowitz & Mecklenburg, its principals and affiliated foreclosure-related businesses with violating the Colorado Consumer Protection Act, the Colorado Antitrust Act, and the Colorado Fair Debt Collection Practices Act. The Attorney General filed a simultaneous proposed Final Consent Judgment settling the case against the Aronowitz defendants. more »

Lake Hill Workforce Housing Bill Would Support Local Businesses Through Affordable Housing, Now Heads to President’s Desk

WASHINGTON, D.C. – July 10, 2014 – (RealEstateRama) — U.S. Senator Mark Udall and Congressman Jared Polis hailed the U.S. Senate’s passage of their bill to help Summit County support local businesses and jobs by expanding affordable workforce housing. The Lake Hill Administrative Site Affordable Housing Act conveys 40 acres of federal administrative land from the U.S. Forest Service Dillon Ranger District to Summit County to build affordable workforce housing while supporting a new Dillon Ranger District administrative building nearby. The bill now heads to the president’s desk. more »

DENVER – June 18, 2014 – (RealEstateRama) — Colorado Attorney General John Suthers today announced a $550 million nationwide state-federal settlement with mortgage lender and servicer SunTrust Mortgage Inc. to remedy mortgage origination, servicing, and foreclosure abuses. To resolve past SunTrust abuses, some Colorado borrowers are now eligible for $4,448,533 in principal reduction loan modifications, refinancing for underwater mortgages, foreclosure payments and other relief. Coloradans who experienced servicing abuses and were foreclosed by SunTrust from January 1, 2008 through December 31, 2013 may be eligible for a payment from a national $40 million fund. Payment amounts will depend on how many borrowers file claims. more »

WASHINGTON, D.C. – May 23, 2014 – (RealEstateRama) — Business and community leaders joined forces this morning in supporting Mercy Housing, Inc., a national non-profit based in Denver that builds and manages affordable housing in Colorado and nationwide.

Lockton Companies was the title sponsor for Mercy Housing’s annual Live in Hope breakfast at the Hyatt Regency Denver at the Colorado Convention Center. In addition, Tate McCoy, Lockton’s executive vice president, presented Cricket General Manager Joe Zeccola with the Mercy Housing Live in Hope Business Partner of the Year Award for Cricket’s year-long support of the low-income residents at Mercy Housing properties in Colorado. more »

DENVER – May 20, 2014 – (RealEstateRama) — Colorado Attorney General John Suthers and Boulder District Attorney Stan Garnett today announced the dismantling of an asphalt paving and roofing ring that targeted and scammed Colorado senior citizens. In a 66-count statewide grand jury indictment Rickey Gene Fite (D.O.B. 02/19/85), his father Rickey Dean Fite (D.O.B. 12/18/58), Rodney Jackson (D.O.B. 04/20/60), Michael Sullivan (D.O.B. 12/09/57) and Emanuel Broadway (D.O.B. 05/17/59) are accused of traveling throughout Colorado and the Western United States representing they were members and operators of a home contractor businesses. Instead, they ran a “fly-by-night” operation that methodically and systematically defrauded and stole from seniors. In some instances, Ricky Gene Fite intimidated and used violent tactics. more »

Calls for Investment to Maintain Current Assets, Build New 21st Century Infrastructure

WASHINGTON, D.C. – May 16, 2014 – (RealEstateRama) — Colorado U.S. Senator Michael Bennet today discussed the crucial need to repair, improve, and upgrade our infrastructure to help maintain the United States’ competitiveness in the changing global economy at the “America’s Infrastructure Opportunity: Bridging the Financing Gap” conference. more »

Disaster Recovery Grant Builds on $63 Million Udall, Colleagues Secured for Colorado Last December

WASHINGTON, D.C. – March 17, 2014 – (RealEstateRama) — U.S. Senators Mark Udall and Michael Bennet joined U.S. Housing and Urban Development Secretary Shaun Donovan and Gov. John Hickenlooper today to announce Colorado will receive an additional $199.3 million to help communities recover from the September 2013 flood. The recovery funds, provided through HUD’s Community Development Block Grant- Disaster Recovery (CDBG-DR) Program, will support long-term disaster recovery efforts in areas with the greatest extent of unmet need, primarily in Boulder, Weld and Larimer counties. more »

WASHINGTON, D.C. – March 6, 2014 – (RealEstateRama) — Congressman Scott Tipton  highlighted legislation being considered in the House this week that would help provide relief for families struggling to pay rising costs to heat their homes. The legislation includes measures to provide relief to families by eliminating unnecessary bureaucratic restrictions that drive up the cost of energy production and increase the time it takes to transport energy resources to the communities that need them. more »

DENVER – February 20, 2014 – (RealEstateRama) — Late yesterday, Judge Dennis Hall of the Jefferson County District Court ruled on a series of motions regarding the Lower North Fork Fire. The judge granted motions by the state to dismiss all but the negligence claims that had been authorized by the General Assembly in the weeks immediately following the Lower North Fork wildfire. Judge Hall found that homeowners failed to allege facts and circumstances in support of other theories that would permit them to exceed limitations on claims contemplated under Colorado law. more »

DENVER – January 30, 2014 – (RealEstateRama) — Colorado Attorney General John Suthers announced today that he is reallocating $23 million from Colorado’s National Mortgage Settlement funds to affordable housing programs with special emphasis in funding affordable housing in areas hardest hit by the recent flood and wildfires. The money is part of the overall $51.17 million in custodial funds Colorado recovered from the National Mortgage Settlement. more »

Tipton: FHA Practices Pose Risk to Taxpayers

WASHINGTON – February 12, 2015 – (RealEstateRama) –Today, Congressman Scott Tipton (R-CO) questioned Department of Housing and Urban Development (HUD) Secretary Julian Castro during a House Committee on Financial Services oversight hearing to examine the Federal Housing Administration’s (FHA) precarious financial state. more »

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