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Disbarred lawyer gets up to 22 years for real estate scheme
ByadminA brilliant but disbarred lawyer was sentenced to 11 to 22 years in prison Friday for masterminding a series of real estate schemes that bilked unwitting clients and home buyers out of more than $ 1 million. Brooklyn Supreme Court Judge Alexander Jeong handed down the stiff punishment to ex-attorney Domenick Crispino, calling his crimes…
Mortgage Rates Friday, Sept. 8: Fixed Rates Fall Again
ByadminThirty-year and 15-year fixed mortgage rates fell two basis points each and the 5/1 ARM was unchanged, according to a NerdWallet survey of daily mortgage rates published by national lenders Friday morning. Which mortgages are less likely to end up in default: fixed-rate or adjustable-rate loans? Believe it or not, today's ARMs are less risky,…
Bay Area real estate: Home loan delinquencies go down, down, down
ByadminThis house in East San Jose bore a sign of the times in June of 2008, when mortgage delinquencies were spiking in Santa Clara County. However the newest CoreLogic report reveals foreclosures now are at dramatically low levels – far removed from the 2008 mortgage/foreclosure crisis. Foreclosure News
Your Opinion: Meltdown of family structure affects home ownership
ByadminJuly 9th's reprint of an AP offering, “Black homeowners struggle as US housing market recovers” makes one wonder if it was an example of AP dredging up material and skewing it for a sob story? The gentleman in the article, Mr. Dorn, bought a home over 20 years ago. He inherited another home. Foreclosure News
Amid shortage, land bank builds affordable homes
ByadminThe Kent County land bank executive director searched online for homes listed between $ 169,000 and $ 200,000 across Kent County. “There's 88 homes for sale in the entire county at that price point,” Allen explained to 24 Hour News 8 Monday. Foreclosure News
Existing Home Sales Weakness Blamed on Same Old Problem
ByadminExisting home sales slipped in June, with the blame again placed on low levels of inventory . The decline in sales, announced on Monday by the National Association of Realtors , was anticipated, as pending home sales have decreased in each of the previous three months, ticking down by 0.8 percent in May. NAR said…