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 …
USA or communist Cuba? NYC mayor pitches plan to seize private property Read More »
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 …
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 …
Nonjudicial Foreclosure Case Now Before The US Supreme Court; Ginsburg Absent Read More »
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, …
Nationwide Consumer Debt Portfolio Scheme Bilked Investors Out Of $364 Million Read More »
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
Associated Press photographer Kin Cheung spent time recently photographing some of the tiny subdivided housing units in Hong Kong, known as “coffin homes,” and those who live in them. Cheung reports that there is a “dark side to the property boom in wealthy Hong Kong, where hundreds of thousands of people priced out of the …
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 …
The 25 Fastest Growing Cities in the Next 16 years Read More »
“If they do stop guaranteeing 30 fixed mortgages then even fewer people would qualify for traditional conventional financing and that would create even more Seller Financed Notes for us to go after!” — Jeff Armstrong, Armstrong Capital www.ArmstrongCapital.com The letters FHFA may not mean much to you, but the Federal Housing Finance Agency has a …
Phishing is the fraudulent attempt to obtain sensitive information such as usernames, passwords, and credit card details, often for malicious reasons, by disguising as a trustworthy entity in an electronic communication. From 2015 to 2017, the FBI reports a 110 percent rise in the number of such scams involving note and real estate transactions. How …
How To Protect Yourself Against Note & R.E. Phishing Scams Read More »
The Opportunity Zone program is a new investment vehicle created under a provision of the Tax Cuts and Jobs Act of December 2017. The program was developed to encourage investors to invest funds in economically distressed communities thereby stimulating economic development in these areas. When certain funds are invested in these communities, known as Qualified …
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