Boyette Real Estate News
Friday May 15 | via Business Journal
A former operator of foreclosure-related companies in Hillsborough County was indicted on various charges including bankruptcy and mail fraud, and identity theft - facing up to 25 years in federal prison if convicted. David W. Griffin of Lutz was charged with one count of mail fraud, nine counts of bankruptcy fraud, two counts of making a false statement under oath during a bankruptcy proceeding, and one count of aggravated ID theft, U.S. Attorney A. Lee Bentley III announced on Friday. Comment?
Wednesday May 6 | via Business Journal
A Florida man described as a "mastermind of real estate flipping" was sentenced to more than 11 years in federal prison and ordered to pay more than $7 million. A federal judge in Tampa sentenced Stephen Mayer about three months after he was found guilty on nine counts of wire fraud and conspiracy. Comment?
Tuesday May 5 | via St. Petersburg Times
A Miami Beach man who cost lenders millions during a real-estate flipping scheme in Hillsborough County was sentenced Tuesday to 11 years, 3 months in federal prison, the U.S. Attorney's Office said. The court also ordered Stephen Mayer, 51, to repay more than $3.1 million to affected lenders and forfeit $4 million. Comment?
Monday Apr 27 | via Business Journal
Blue Rock Partners LLC acquired the 444-unit Hamilton Bay Apartments at 1801 Princeton Lakes Drive in a deal that closed April 23, according to Hillsborough County property records. New York Community Bank provided a $32.7 million mortgage, according to property records. Comment?
Mar 23, 2015 | via Florida Trend
Real estate agents and analysts say more homeowners are testing the market because higher home values have restored the equity they lost during the housing bust. The changing landscape is giving a boost to the traditional spring selling season. Comment?
Friday | via Business Journal
Headway Office Park in Lauderdale Lakes is headed to auction after its owner lost a $12.9 million foreclosure judgment. Wells Fargo Bank, representing a commercial mortgage-backed securities trust, won the judgment against SRA/Sunrise Development over a $10.8 million mortgage, plus interest and fees. Comment?
Friday | via WTVY Dothan
Governor Rick Scott today announced that Florida businesses created 25,800 private-sector jobs in April 2015. Since December 2010, 865,600 private-sector jobs have been created across the state. Comment?
Thursday | via Capital Soup
Florida's housing market reported more closed sales, higher median prices, increased pending sales and more new listings in April, according to the latest housing data released by Florida RealtorsA . Closed sales of existing single-family homes statewide totaled 25,206 last month, up 17.9 percent over April 2014. Comment?
Thursday | via WIOD-AM Miramar
Florida posted the highest foreclosure rate in the country, and Miami home foreclosures are still near the worst in the nation. Bank Repossessions across the country are at 27-Month High, but remain 56 percent below the darkest days after the recession. Comment?
Thursday May 21 | via The Orlando Sentinel
For the first time in years, Orlando's median home prices dropped below the midpoint price for houses in metro areas throughout Florida, a new report shows. The mid-range price for a single-family house in the Metro Orlando area, which includes Orange, Seminole, Lake and Volusia counties, was $189,900 during April. Comment?
10 min ago | via The New Zealand Herald
Banks foreclosed on more than 700 properties in the last year when financially strapped homeowners could no longer afford repayments. While the number of mortgagee sales has plummeted, an economist warns those who extended their mortgage terms or took repayment holidays during the last recession could be exposed during the next downturn. Comment?
21 min ago | via The Peninsula
With the latest effort by Sweden to cool its housing market postponed by a court, concerns are escalating that political stagnation, a faulty institutional set-up and high household debt risks sending the triple A economy into a tailspin. A move to force homeowners to pay down the principal of their mortgages -- what many economists say is the very least needed to avoid a housing bubble -- was postponed after a court in April said the Swedish Financial Supervisory Authority lacked a legal mandate. Comment?
27 min ago | via Stabroek News
The New York Post today reported that convicted drug lord Shaheed "Roger" Khan and mortgage fraudster Ed Ahmad are among possible witnesses whose stories or testimony will feature in the upcoming trial of Brooklyn state Sen. John Sampson. Sampson, the former Democratic leader of the Senate, is facing charges of obstructing justice, witness and evidence tampering and lying to an FBI agent. Comment?
33 min ago | via Milwaukee Journal-Sentinal
The city provided $1 million for the program in its 2015 budget, and by the end of last week, nearly 40 loans had been completed for $459,000 with a hundred applications still in the queue. "We are currently oversubscribed," Maria Prioletta, a Department of City Development official, said in a message sent to Common Council members last week. Comment?
36 min ago | via Leamington Spa Courier
Congratulations, you're now registered! Let us know what news and updates you want to hear about and we'll send them straight to your inbox. Stephen Taylor, Mortgage Manager, won Mortgage Consultant of the month and Sera Pugh won Negotiator of the month both for the Warwickshire area. Comment?
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