Landlord shot three times in the back by his own tenant According to charges, Manuel Velasquez) gunned down 40-year-old real estate agent and landlord David Stokoe in cold blood as the agent attempted to collect rent on one of his properties. Police allege Velasquez shot Stokoe multiple times in the back and then stuffed his lifeless body into a hidden …
Lenders wrote $34 billion worth of unconventional mortgages in the first three quarters of last year – up 24 percent from the corresponding months of 2017, reports Inside Mortgage Finance. The loans – which may be outsized relative to a borrower’s income, structured as interest-only, or last longer than 30 years – don’t qualify for …
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A Florida federal judge on Monday Jan 28 ordered Woodbridge Group of Companies LLC and its former owner to pay more than $1 billion to resolve the U.S. Securities and Exchange Commission’s claims that Woodbridge operated as a Ponzi scheme involving a complex web of allegedly phony real estate and note investments and unregistered Florida-based …
ANOTHER Note Fund Shut Down, Fined $1 BILLION By SEC Read More »
Would you buy real estate hundreds of miles away from home? Most people would say, “No way!” Would you buy a real estate note hundreds of miles away from home? Before you say, “No way!” think about this: call the note a “stock” and you wouldn’t care where the real estate is — even if …
A package of 600 Great Value paper napkins purchased several years ago from WalMart cost $3.97. The same brand a few years later was the same price, but there were only 500 napkins. Last week, the same brand in new packaging still cost $3.97, but the napkin count was 300. The cause of this is …
The latest The Hill-HarrisX survey conducted on Jan. 12 and 13 found that 59% support the idea of raising the top tax rate to 70%. In the Hill-HarrisX poll, 45 percent of GOP voters say they favor it while 55 percent are opposed to it. Independent voters also backed the tax idea by a 60 to …
59% of Registered Voters Support Raising Top Tax Rate to 70% Read More »
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 …
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