W. J. Mencarow

An Investor’s Guide to Avoiding Ponzi Schemes and Other Fraudulent Scams

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 …

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Regulators Propose Expanding Digital Appraisals

Some lenders are turning to drones or a computer algorithm to appraise properties, and the practice may grow more common under a new federal proposal. Regulators want to allow the majority of U.S. homes valued under $400,000 to be exempt from current requirements for human-conducted appraisals. More than two-thirds of homes nationwide sell for $400,000 …

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NYC housing prices in near ‘free fall,’ conditions mirror recession era

The Manhattan real estate market stumbled in the third quarter of 2019, new reports show, as prices plunged and fewer buyers were willing to purchase higher-priced properties in the wake of two recent tax increases. The median sales price for properties fell 17 percent from the same quarter last year, to $999,950, according to new data from CORE. The …

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New California Law Affecting Notice and Response Periods in Eviction Actions

From ZBS Law, LLP www.zbslaw.com Earlier this year, California Governor Brown signed the bill, AB 2343, which affects the notice period in non-payment of rent and breach of covenant of lease unlawful detainer actions and the response period in all unlawful detainer actions. The bill goes into effect on September 1, 2019 and will cause …

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A bank in Denmark is paying homebuyers to take out mortgages

The world’s headlong dash to zero or negative interest rates just passed another milestone: Homebuyers in Denmark effectively are being paid to take out 10-year mortgages. Jyske Bank A/S, Denmark’s third-largest lender, announced in early August a mortgage rate of -0.5%, before fees. Nordea Bank Abp, meanwhile, is offering 30-year mortgages at annual interest of …

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