The man authorities called the mastermind behind a complex mortgage fraud scheme targeting distressed properties was arrested June 7 in South Carolina and charged with being a fugitive in violation of probation. Allen J. Seymour, 49, originally of Oxford, Mass., was charged based on two warrants for his arrest in Brookline and Worcester, according to Massachusetts Attorney General Maura Healey's office.
The not-so-good news: there's still a ways to go before the housing market is back to normal. And here's some silver-lining news: the once-in-a-generation housing crisis the U.S. has just endured may offer some lessons for dealing with future outbreaks of homeowner distress. Foreclosure News
A 15-year mortgage is the dream home loan for home buyers who can afford the much higher monthly payments and want to shred their mortgage in half the usual time while saving thousands or even tens of thousands of dollars in interest. To make a 15-year mortgage work, you'll need a reliable income and enough…
BRATTLEBORO REFORMERAttorneys Jim Anderson, representing Berkshire Bank, and Bob Fisher, representing the Hermitage Club, argue about the appointment of a receiver during a hearing at Windham Superior Court Civil Division in May. WILMINGTON – Just a few years ago, The Hermitage Club was dubbed “the fastest growing private company in Vermont” – a private ski…
Accused of displaying signs for Moe's Italian sandwiches, while owing Moe's money and selling Darlene's subs, the owner of a Portsmouth, N.H., gas station and convenience store is expected to lose his business during a November 9 foreclosure auction, reported Seacoastonline.com. According to a notice by auctioneer Paul McInnis, the gas station and Samuel's Mini…
A few years ago, I wrote “The economy will one day improve, and the millennials will move out of their parents' basements. When that happens, expect to see homeownership rates move back higher.” Foreclosure News
Sachem is a hard money lender . This means that its loans are secured by property and typically given to individuals who need assistance for investment in properties or do not qualify for typical mortgages . Foreclosure News
