Palm River-Clair Mel 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?
Thursday May 21 | via The Orlando Sentinel
The kiosks could address almost anything under the scope of civil law, such as divorce, foreclosure or conflicts with landlords. You'd type in your problem and the machine would tell you which legal forms need to be filled out, whether you have to pay for legal services and what kind of lawyer you should seek out if you do need one. Comment?
Friday May 22 | 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 May 22 | 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 May 21 | 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 May 21 | 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?
26 min ago | via AndhraNews
Zephyr Real Estate agent, Patricia Ryan, represented buyers in the recent purchase of San Francisco's Firehouse 43. The famed historical structure may look familiar because it was the residence of Mia Thermopolis in the 2001 Top Box Office film, The Princess Diaries. Built in 1911, the Excelsior firehouse was originally designed for horse-drawn fire wagons. Comment?
32 min ago | via Ottawa Business Journal
Renters in Ottawa will have more options, housing starts will drop and the resale market will remain relatively flat over the next several months, the Canada Mortgage and Housing Corporation said Monday. "Housing demand will remain steady in Ottawa in 2015 despite soft job growth, due to low mortgage rates and prices that are affordable for the average household," CMHC market analyst Anne-Marie Shaker said in a statement. Comment?
32 min ago | via Seeking Alpha
Long-term bond investment had an impressive 2014 to the supremacy of risk-off trade sentiments in the wake of global growth concerns. On the other hand, short-term bonds had a rather tepid show last year on speculations that the Fed would hike interest rates soon. Comment?
47 min ago | via Benzinga
The SPDR S&P 500 ETF overcame the inertia of a sideways trading range to break out to new all-time highs last week. These gains came at the behest of a renewed commitment from the FOMC to hold off on any immediate interest rate hikes until growth factors improve later on in the year. Comment?
1 hr ago | via KMBC-TV
Most of us want to do the right thing. We don't want to steal office supplies or lie on an expense report. Comment?
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