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 …
Multifamily real estate is proving itself to be a rock-solid investment, and as the economic cards fall in favor of the asset class, its strong fundamentals are cementing into place and turning it into a nearly unstoppable barge of respectable returns on investment. But will the good vibes last? “Our investors find that it is …
The age-old realty mantra of “location, location, location” is ringing true yet again in the case of a once-posh Boston area home on the market, declared “unlivable” after a devastating fire, and receiving multiple bids on its $600,000 listing. On June 14, the Boston Globe reported that so many offers have poured in for the 504 Lebanon …
Unlivable, fire scorched Boston area home getting offers on $600,000 listing Read More »
Federal authorities announced Monday that an investigation resulted in 74 arrests of people in the U.S. and overseas who allegedly took part in schemes to intercept wire transfers from businesses and individuals, including in real estate transactions. Federal authorities seized nearly $2.4 million and recovered about $14 million in fraudulent wire transfers. One way it …
Fewer homeowners are falling behind on their mortgage payments. Only 4.3 percent of mortgages in March were in some stage of delinquency (30 days or more past due, including those in foreclosure), according to the Loan Performance Insights Report, released Tuesday by CoreLogic. The March foreclosure inventory rate—which reflects the share of mortgages in some …
Mortgage Delinquencies Fall to 11-Year Low — Each State’s Stats Read More »
The city council of Seattle has declared itself to be the decider of what speech is or is not allowed. When it comes to trying to rent out an apartment in that city, you’ll have to make sure your methods of marketing your investment property are approved by the judges of the modern Seattle Star Chamber. Here’s …
Seattle City Council Tries To Silence Free Speech of Landlords Read More »
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