USA or communist Cuba? NYC mayor pitches plan to seize private property

Liberal New York City Mayor Bill de Blasio is rolling out a new plan that would potentially allow the city government to seize buildings of landlords who force tenants out — a plan his opponents say amounts to “straight communism.” De Blasio, in his State of the City address on Thursday, announced he wants to take …

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Mortgage Fraudster Gets 13 Years Behind Bars

A New Jersey man who copped to stealing nearly $1.5 million from financially distressed homeowners, investors and institutions was sentenced to over 13 years in prison Tuesday in Rhode Island federal court, the U.S. Department of Justice announced. Hasan Hussain, 57, of Princeton, New Jersey, was the mastermind behind a six-year-long scheme in which he tricked vulnerable …

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Nonjudicial Foreclosure Case Now Before The US Supreme Court; Ginsburg Absent

The U.S. Supreme Court mulled the applicability of a key federal law regulating debt collection to nonjudicial foreclosures during oral arguments on Jan. 7, with some conservative justices raising doubts about how different the widely used tool is from collecting a debt. Colorado homeowner Dennis Obduskey has argued that nonjudicial foreclosures are covered under the Federal Debt …

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Nationwide Consumer Debt Portfolio Scheme Bilked Investors Out Of $364 Million

Believed to Have Over 400 Victims Nationwide, Including Individual, Family Offices, and Investment Groups – FBI Seeking Information Regarding Additional Victims Three men were indicted for allegedly victimizing hundreds of people across the U.S. in a $364 million Ponzi scheme. Kevin Merrill, 53, of Maryland; Jay Ledford, 54, of Texas and Nevada; and Cameron Jezierski, …

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The Best Investments of 2018

Too bad the Wall Street Journal doesn’t know about note investing.  The yields are better than their #1 performer. Luxury assets, including wine, art, classic cars and fancy colored diamonds, have outperformed stocks and bonds this year. READ MORE:  https://www.wsj.com/articles/the-best-investments-of-2018-art-wine-and-cars-11546232460

The 25 Fastest Growing Cities in the Next 16 years

Think Realty Magazine  https://thinkrealty.com  Bobby Burch | 18 Dec 2018 New York City might still have the largest economy of cities in the U.S., but two dozen other cities will grow at a faster rate in the next 16 years, according to a recent nationwide study. Oxford Economics annual “Global Cities” report explores key economic trends across the …

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