In October 2019, foreclosure filings climbed upward, increasing 13 percent from the previous month, according to ATTOM Data Solutions’ newly released October 2019 U.S. Foreclosure Activity Report. The report featured the rise of foreclosure completions (or REOs) in October, which reached the highest point in 2019. Lenders repossessed 13,484 U.S. properties through REOs in October, up …
A Maryland man who pleaded guilty to operating a debt buying Ponzi scheme that took $396 million from investors has been sentenced to 22 years in prison and must make full restitution to all of his victims. Kevin Merrill agreed in May to plead guilty to charges of wire fraud and conspiracy to commit wire fraud, …
Fraudulent Consumer Debt Fund Ringleader Gets 22 Years In Prison Read More »
The Federal Trade Commission is going after companies that tout get-rich flipping schemes intended to get attendees to pay thousands of dollars for special real estate training packages. FTC and the Utah Division of Consumer Protection sued Nudge LLC and affiliated companies over its real estate seminars. The seminars tout “amazing profits” for attendees to …
Realtor.com® identified the hottest housing markets for investors by pinpointing those where the highest percentage of homes were either flipped or rented out after the sale. The most profitable flip markets tend to be in the Midwest and South, which have a greater selection of older, lower-priced homes as well as strong economies and population …
Robert Shapiro, CEO of Woodbridge Group, was sentenced to 25 years in federal prison on Oct. 15, 2019 for running a $1.3 billion real estate note Ponzi scheme. He was convicted of investment fraud and tax evasion. The scheme defrauded more than 9,000 investors. Alleged co-conspirators Dane Roseman and Ivan Acevedo are scheduled for trial …
Woodbridge CEO Gets 25 Years For $Billion Note Ponzi Read More »
by Ryan Robinson, Writer, entrepreneur, and small business consultant There’s a lot of noise on the Internet when it comes to figuring out whether or not to form your limited liability company (LLC) as a Delaware LLC, or organize it in the state you call home. I should know. Over the past decade of living in …
Where Should You Form A Limited Liability Company (LLC)? Read More »
by Gordon Moss www.RealEstateandNoteInvesting.com www.PaperSourceSeminars.com IT’S BAAACK !!!! After 8 years – the Trump administration VA Secretary has brought back the most powerful investment tool for building long term wealth in real estate and note investing that I know of… THE Veterans Administration VENDEE FINANCED FORECLOSURE PROGRAM. Over the last decade I have …
The most powerful tool for building long-term wealth I know of Read More »
Looking for the hottest real estate markets? Try heading out west. ConstructionCoverage.com published a report on the hottest real estate markets in the U.S. on Sept. 26. The top five markets on its list were all out west in Utah, Idaho, Washington and Oregon. To see which cities made it to the top, here are the top five hottest …
Ponzi-Proof Your Investments can help you avoid becoming a victim of a fraudulent scheme. The tips and suggestions in this book apply to any type of investment and can help protect you from any type of fraudulent scheme, not just a Ponzi scheme. A little knowledge and education on the nature of the schemes, the repeating …
An Investor’s Guide to Avoiding Ponzi Schemes and Other Fraudulent Scams Read More »
A heated court battle, a last-second offer and a sparsely attended auction behind a fountain in Pomona — this chapter of the famed Mountain of Beverly Hills ends not with a princely sum but a sale price more like that of a sports car. Touted as the city’s finest undeveloped piece of land, the 157-acre …
Once listed for $1 billion. Sold for $100,000. What just happened? Read More »
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