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Real Estate

A guide: The new mortgage-refi plan

WASHINGTON — Two big questions loom over the Obama administration’s latest bid to help troubled homeowners: Will it work? And who would benefit? By easing eligibility rules, the administration hopes 1 million more homeowners will qualify for its refinancing program ...

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Rochester home sales up for third quarter of 2011

There was both optimism and concern among representatives of the Greater Rochester Association of Realtors, the Rochester Home Builders Association and The Mortgage Bankers Association of the Genesee Region on Friday with the release of the 2011 third quarter Rochester area housing statistics.

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Court to decide whether RESPA requires fee split

The U.S. Supreme Court will decide whether §8(b) of the Real Estate Settlement Procedures Act prohibits a real estate settlement services provider from charging an unearned fee only if the fee is divided between two or more parties. The court will review a 5th Circuit decision ...

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RGRTA proposed transit center passed environmental review

The Rochester Genesee Regional Transportation Authority satisfied state environmental review requirements for a proposed bus station off Mortimer Street. The Appellate Department, Fourth Department on Friday confirmed the transportation company took the required “hard look” at the proposed project after it was revised.

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Erdman Anthony’s new space

Erdman Anthony will be the largest tenant in the renovated Culver Road Armory — using 25,000 of the 100,000 square-foot site. The company plans to move in to their new offices in December.

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Midtown’s value estimated higher than city expected

City officials are reviewing a court decision that sets the value of the former Midtown Plaza properties at nearly $4 million higher than the approved payment. In February 2008, the city approved a $5.9 million payment to Midtown Rochester Properties LLC ...

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Nothnagle donates to McDonald charities

Nothnagle Realtors on Wednesday presented a $3,500 donation to Ronald McDonald House Charities. The donation was from proceeds raised at Nothnagle’s annual golf tournament Aug. 15 at Durand Eastman Golf Course, which drew more than 140 agents and guests.

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