Cities along the West Coast, unsurprisingly, have some of the priciest homes in the nation. Among the 10 cities with the highest share of homes worth more than $1 million, four are in California: San Jose, San Francisco, Los Angeles, and San Diego, according to a new LendingTree analysis. In these four housing markets, more …
At the end of last year, Puerto Rico suffered a devastating hurricane, which some estimates say killed as many as 5,000, and left the island without power for weeks. Now, Americans are moving in on the island, capitalizing on the downward trend in real estate prices due to the storm. After Hurricane Maria hit the …
Garth Anthony Gardner, 49, a citizen of the Republic of Trinidad & Tobago, pled guilty yesterday to charges involving a scheme in which he made misrepresentations to apply for and obtain more than $3 million in multiple home equity line of credit loans. According to the government’s evidence, in October 2003, Gardner purchased a property …
Man Obtained 24 Loans on Two Properties, Then Defaulted Read More »
According to the latest report from the Department of Housing and Urban Development, four-person households in the Bay Area that make less than $117,400 can qualify for certain low-income housing programs. That’s the highest in the nation, and it’s just shy of the area’s median household income of $118,400. For one-person households in the area, those …
Make Less Than $117K? In SF, You Can Get Low Income Housing Money Read More »
For the second time this month, federal authorities have arrested a number of people who allegedly participated in schemes designed to intercept and hijack wire transfers from businesses and individuals, including those involving real estate transactions. Eight more people were arrested and four more were charged with participating in a widespread, Africa-based cyber conspiracy that …
African Hackers Steal $15 million From US Wire Transfers Read More »
by Anthony Gilbert The RealFX Group Mortgage wire fraud is a serious problem, and one that every buyer, real estate brokerage, and mortgage company wants to avoid dealing with. This is also true of sellers, who can see their deals fall through when the buyer of their home is swindled out of money. With that in mind, …
Can Blockchain be a Solution to Mortgage Wire Fraud? Read More »
A federal district judge ruled Thursday that the structure of the Consumer Financial Protection Bureau (CFPB) violates the Constitution. Judge Loretta Preska of the Southern District of New York ruled that the CFPB’s creation as an independent agency with a director that could only be dismissed for wrongdoing was unconstitutional. She ruled that the entire section of the …
Federal court rules CFPB structure unconstitutional Read More »
by Dr. Paul Craig Roberts (Assistant Secretary of the Treasury for Economic Policy under President Reagan) Multimillionaire Donald Scott lost his life, because of a police plot to confiscate his 200 acre Malibu, California, estate for the US Park Service. The corrupt police claimed to have witnessed from overflying the estate marijuana plants on his …
How Asset Forfeiture Laws Can Destroy Your Investments — And Your Life Read More »
By James Innes-Smith I had been in Los Angeles for less than a month when I received the call from a concerned neighbour back home in London. ‘Why are there men queuing up outside your flat at 3 a.m.?’ It was a good question. ‘And are you aware that a locksmith came over the other day to …
I rented out my home. The tenants turned it into a brothel. Read More »
1. Build a standard warning about wire scams into your e-mail signature or include a disclaimer at the bottom of your e-mails that says you will not discuss personal financial information over e-mail. 2. At the beginning of every transaction, tell all parties what your communication practices are. 3. Before you transfer funds, call the …
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