RealtyTrac: How will new 3% down mortgage products perform? home mortgage rates in New Jersey. Housing in New Jersey is expensive, which is probably why the state has a very high rate of foreclosures. Because New York City is nearby, one of the world’s most vibrant economies is within driving distance for most garden state residents, and many are able to commute there daily.
Here’s how leading real estate investors are different than the other 95% SIGTARP: Seven charged in multi-million dollar mortgage scheme LI Man Pleads Guilty To Defrauding Homeowners In Multi-Million Dollar Loan modification scheme.. government mortgage modification programs to pay thousands of dollars each in advance fees to.Here’s a quick.
The charge stems from Rieger’s role as a closing attorney in a multi-million-dollar mortgage fraud scheme. purchased during the scheme went into default and have been foreclosed upon, causing.
A federal grand jury has indicted a New York businessman for his alleged role in a multi-million dollar real estate fraud scheme, among other charges. Selim Zherka, a resident of Somers, New York.
PHILADELPHIA-Eric Sijohn Brown, 46, of Philadelphia, pleaded guilty today to 20 counts in connection with a mortgage fraud scheme. defendants charged with Brown and the three defendants charged by.
Do you know why buying a home is cheaper than renting? Owning your own home is part of the American dream. But it takes more than just dreaming to buy and maintain a home. Before you take the plunge, here are some things to ask yourself. Does it make sense to buy? Buying instead of renting needs to make sense financially.
Gillies, Special Agent in Charge. mortgage payments during the scheme. Eventually, the defendants ran out of money, stopped making the loan payments and the properties went into foreclosure. The.
Defrauded 10 different lenders. On Nov. 12, 2015, Scott, who also pleaded guilty to charges arising out of his role in the scheme, was sentenced to 135 months in prison, five years of supervised release and ordered to pay restitution of $11,374,201 and to forfeit $7,413,712.
The defendants are alleged to have engaged in a mortgage fraud scheme that defrauded three financial institutions of approximately $5 million in fraudulent loans. According to the indictment, defendants Gelasio Alberto Diaz and Nereida Ramos were employed at Infinity Mortgage Solutions in Miami, Florida.
Deutsche Sees 48% of All US Mortgages Underwater in 2011 But consider that 27% of U.S. homeowners with a mortgage are already "underwater." And according to Deutsche Bank, home prices may fall. we think that number could reach 25 million, or 48% of all.
A 45-year-old Fenton man was sentenced today to 13 years in prison in connection with a multi-million-dollar. the FBI executed seven search warrants in metropolitan Detroit and Florida. The scheme.
Straw Buyer Schemes Lead to $34 Million in Fraud Indictments Penalties, punishment and sentencing for straw buyer schemes. The punishment for a misdemeanor conviction is typically up to a year in a county jail and a maximum $1,000 fine. The punishment for a felony violation is typically up to three years in the California state prison and a maximum fine of $10,000.
Adam Siegel, 37, of Riverside, waived his right to indictment and pleaded guilty on Monday in Hartford federal court to participating in a multi-million securities fraud scheme. Siegel also entered into an agreement to cooperate in the government’s ongoing investigation.
Three Men Charged in Manhattan Federal Court in Multi-Million-Dollar Scheme to Deceive Homeowners into Selling Their Homes. Mr. Bharara praised the outstanding work of the FBI, SIGTARP, and the New York State Department of Financial Services for their investigative efforts and ongoing support and assistance with the case.