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Real Estate Fraud Risk is on The Rise, and Victims Are Sounding The Alarm

Behind The News, Fraud / By W. J. Mencarow

Published by FOX Business | February 6, 2024 Real estate wire fraud is surging, and victims are calling for awareness and recourse as cybercriminals become increasingly cunning. Purchasing a home is an exciting milestone in a person’s life, but criminals are increasingly exploiting such transactions through real estate fraud, robbing victims who are often left with little …

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A Government Shutdown Would Disrupt the Housing Market in These Surprising (and Painful) Ways

Behind The News, Housing Market, Residential / By W. J. Mencarow

Published by REALTOR.com | September 28, 2023 The housing market is facing a new threat: a looming government shutdown. “The housing market is in a very fragile state right now,” says Jim Tobin, president and CEO of the National Association of Home Builders. “What we don’t need is a government shutdown that further damages the housing …

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Grant Cardone Faces Class Action Lawsuit For Over Inflating Potential Returns

Behind The News, Fraud, Legal / By W. J. Mencarow

Published by BiggerPockets.com | September 11, 2023 Entrepreneur, author, and real estate investor Grant Cardone is facing legal trouble related to his social media marketing tactics, which has implications for other syndicators who double as social media influencers. A class action lawsuit filed in Los Angeles Federal Court alleges that Cardone, who showcases his lavish …

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The Ugly Truth Behind “We Buy Ugly Houses”

Behind The News, Fraud, Residential / By W. J. Mencarow

Published by ProPublica | May 11, 2023 HomeVestors of America, the self-proclaimed “largest homebuyer in the U.S.,” trains its nearly 1,150 franchisees to zero in on homeowners’ desperation. HomeVestors of America boasts that it helped pioneer the real estate investment industry. Founded in 1996 by a Texas real estate broker, the company has developed a …

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Appeals Court Rules CFPB’s Funding Structure is Unconstitutional

Behind The News / By W. J. Mencarow

Published by AccountsRecovery.net | October 20, 2022 The Court of Appeals for the Fifth Circuit took a leg out from under the Consumer Financial Protection Bureau yesterday, ruling that the manner in which the agency is funded is unconstitutional and invalidating a rule on payday lending that was issued back in 2017 and was subsequently …

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IRS Refunding $1.2B in Late-Filing Penalties; Here’s How to Collect

Behind The News, Covid-19, Economy / By W. J. Mencarow

Published by FOX Business | September 12, 2022 IRS: Most late-filing refunds will be issued by the end of September The Internal Revenue Service is sending refunds to more than a million Americans who filed their taxes late in the early days of the COVID-19 pandemic – but time is running out for taxpayers to collect …

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Homeless Crisis Hurting Portland Housing Market

Behind The News / By W. J. Mencarow

Published by FOX Business | September 7, 2022 Portland real estate broker says houses ‘sell for slightly less’ due to homeless camps spreading into residential neighborhoods As Portland residents have started speaking out against far-left politicians over the homeless crisis and crime surge fueling an exodus from the city, a local real estate broker is describing …

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Fannie Mae: Growing List of Fake Employers Showing up on Mortgages

Behind The News, Fraud, Mortgages / By W. J. Mencarow

Published by Housing Wire | January 29, 2020 Fannie Mae’s bulletin also provides several examples of fraudulent activity that lenders should be on the lookout for. Back in 2018, Fannie Mae issued a warning to lenders after identifying more than 30 apparently fake companies that were appearing on borrowers’ mortgage documentation as their place of employment. There …

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U.S. Housing Market’s Underproduction Crisis Getting Worse, New Analysis Finds

Behind The News, Economy / By W. J. Mencarow

Published by FOX Business | July 15, 2022 The U.S. homes deficit doubled from 1.65 million to 3.8 million between 2012 and 2019 Up For Growth, a non-profit committed to solving the United States’ housing shortage, is sounding the alarm on the nation’s underproduction of homes. According to a study released by the organization on July 14, the …

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Houston-area Couple Could Lose Home After Being Sued by HOA For Feeding Ducks

Behind The News / By W. J. Mencarow

Published by KSAT.com | July 10, 2022 Lawsuit seeks monetary relief of no more than $250,000, reports say. CYPRESS, Texas – Ducks are causing quite a bit of ruckus for a Houston-area neighborhood, but the blame is coming down on a retired couple, who could lose their home because of their mayhem. George and Kathleen Rowe, …

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