Dallas-area man gets prison in foreclosure rescue scheme
A Dallas-area man must serve more than three years in federal prison for his role in what prosecutors call a foreclosure rescue scheme.
A Dallas-area man must serve more than three years in federal prison for his role in what prosecutors call a foreclosure rescue scheme.
A multi-billion-dollar government program launched by Obama to help families hit by the housing crisis squandered millions on parties, employee bonuses, cars and superfluous data storage. Foreclosure News
Cyprus has to further bring down its high NPLs ratio and its bulging public and private debt, the International Monetary Fund Executive board concluded after its consultation with Cypriot authorities. “Private and public debt remain large while NPL ratios are still among the highest in Europe. Foreclosure News
Real estate investor Christopher Graeve pleaded guilty Thursday in West Palm Beach, in connection with an ongoing investigation into bid rigging at online public foreclosure auctions in Florida, the Department of Justice announced. Graeve is the second real estate investor to plead guilty in this investigation. Foreclosure News
The goal of the auction is promote home ownership while also improving existing neighborhoods, according to Seth Piccirillo, Director of Community Development Code Enforcement in Niagara Falls. 10 homes will be sold a fraction of their value by the city, who owns the proprieties due to tax foreclosures. Foreclosure News
We explore the history of the single-family rental industry, and provide an investment case as to why SFR REITs can be successful. After spending significant time and money improving operations and demonstrating the ability to produce cash flow, the SFR REITs have proven that they are indeed a long-term business. Foreclosure News
A mortgage loan officer from Methuen, Mass., faces six months behind bars for her role in a conspiracy to defraud banks and mortgage companies. Vanessa Ricci, 41, pleaded guilty in March to one count of conspiracy to commit bank fraud. Foreclosure News