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29 Apr 2011, 2:01 am
John Velez and Joseph DeRosa, both former City of Plantation, Florida, police officers, were convicted by a jury after a 9-week mortgage fraud trial in Fort Lauderdale federal court. [read post]
26 Apr 2011, 4:20 pm
These investment products may include real estate investment trusts (“REITs”) such as Apple REIT Eight, collateralized mortgage obligations (“CMOs”) and Real Estate Mortgage Investment Conduits (“REMICs”). [read post]
26 Apr 2011, 11:01 am
In some cities, bondholders will be burned. [read post]
26 Apr 2011, 7:44 am
., every purchaser and every bank that provides mortgage money requires title insurance. [read post]
26 Apr 2011, 4:30 am
" 2009: Wells Fargo sues Wells Fargo in Florida, apparently in order to try to clear title to a home so that it can foreclose on a mortgage. [read post]
26 Apr 2011, 3:42 am
Chattree, the court affirms a directed verdict for the father on his suit against his daughter on a promissory note for $187,000, which was intended to cover the costs of renovations needed for her new apartment, the one for which he’d given her $450,000 in cash and co-signed an $843,750 mortgage. [read post]
25 Apr 2011, 7:47 pm
A change in our cultural norms… Consider that in the mid-1990s, headline crimes in New York City started including descriptions of mob hits that shocked even members of the Italian mob and NYPD, including: “Arms hacked off with an ax. [read post]
25 Apr 2011, 9:23 am
While this may be construed as stating the obvious, one thing that our mortgage crisis has spurred and is not often discussed is that we are now a city of renters. [read post]
25 Apr 2011, 7:52 am
Americans, still reeling from the devastating impact of the mortgage debacle, are fearful that the next economic disaster is only a matter of time. [read post]
24 Apr 2011, 10:00 pm
I had one client who brought me in copies of local city ordinances from the early 1900s and blueprints of his neighbor's house. [read post]
24 Apr 2011, 6:12 pm
The case centers on an alleged 15-member mortgage fraud ring that milked rundown properties in New Haven and left government and private lenders holding the bag for millions of dollars, plunging struggling city neighborhoods further into blight in the process. [read post]
24 Apr 2011, 8:35 am
” City National Bank of Florida v. [read post]
24 Apr 2011, 4:18 am
Louis and California that have failed to do the promised mortgage modification work. [read post]
22 Apr 2011, 9:07 am
Let these statistics sink in for a minute: • 3 million homes were repossessed between January 2007 and August 2010 • Over 1 million families will be evicted from their homes in 2011 • 72% of the major cities in the US had more foreclosures in 2010 than 2009 • 8 million Americans are at least 1 month behind on their mortgages • 5 million are at least 2 months behind on their mortgages The Mississippi counties with highest volume of new… [read post]
22 Apr 2011, 3:00 am
Derrick Reuben Smith, 46, Midwest City, Oaklahoma, has been found guilty by a jury of conspiracy to commit wire fraud in connection with mortgage loans. [read post]
21 Apr 2011, 12:35 pm
It won’t produce a large volume of mortgage-paying, family-raising income, and we’re not counting on it to increase home ownership potential much. [read post]
21 Apr 2011, 4:07 am
In their survey of the largest cities in the nation, the city of Miami ranked second in the size of the average home discount, with sellers dropping their prices by more than ten percent in the last year. [read post]
19 Apr 2011, 3:49 am
No matter, John Mack and his wife Christy together did purchase the inner-city estate so good for them. [read post]
18 Apr 2011, 11:25 am
The proposal follows allegations of faulty document reviews and processing including “robo-signing” that brought additional scrutiny on mortgage servicers last fall. [read post]
18 Apr 2011, 1:00 am
In general, homeowners may exclude the payments from income, and may deduct all payments they actually make during 2010-2012 to the mortgage servicer, HUD (the Department of Housing and Urban Development), or the State HFA (housing finance agency) on the home mortgage. [read post]
