Elbridge Real Estate News
Real Estate news for Elbridge, NY continually updated from thousands of sources.
Apr 22, 2016 | via Housing Wire
A mortgage company owned by a New York country legislator and a former Syracuse city auditor is among the alleged victims of a mortgage fraud conspiracy that involved a lawyer, a mortgage broker, a real estate appraiser, and a Realtor working together to defraud lenders out of more than $4 million. According to the U.S. Attorney's Office for the Western District of New York, a federal grand jury handed down a 24-count indictment charging Gregory Gibbons, a mortgage broker; Julio Rodriguez, a real estate appraiser; Laurence Savedoff, a lawyer; and Tina Brown, a Realtor, with conspiracy to commit wire and mail fraud affecting financial institutions, wire and mail fraud affecting financial institutions, and bank fraud. Comment?
Apr 20, 2016 | via The Post-Standard
A mortgage bank company owned by the chairman of the Onondaga County Legislature and a former Syracuse city auditor was a victim in a mortgage fraud scheme that stole up to $5 million, according to a federal grand jury indictment. Four New York City people were indicted this week in Buffalo on charges of using falsified documents to obtain inflated mortgages on eight homes in the Bronx from June 2008 to February 2009, according to the indictment. Comment?
Feb 9, 2016 | via The Post-Standard
A 124-room Hampton Inn that will be the first phase of a development at a busy corner of Buckley Road is getting tax breaks. The Onondaga County Industrial Development Agency voted 5-0 Tuesday to approve $658,620 in exemptions from the state mortgage recording tax and from sales tax on construction materials. Comment?
Jan 5, 2016 | via The Post-Standard
Onondaga County Comptroller Robert Antonacci says nearly $5 million in tax exemptions granted to the expansion of a luxury apartment home complex in Lysander's Radisson community is bad public policy. Antonacci said the Onondaga County Industrial Development Agency should use tax exemptions to promote the creation of manufacturing and high-tech jobs, not to subsidize residential construction in Syracuse's suburbs. Comment?
Jan 4, 2016 | via The Post-Standard
I wish to respond to the recent commentary by former Onondaga County Legislator Tom Buckel .I was very concerned to see that the commentary contained misstatements of fact, is disingenuous, and clearly skewed to support Syracuse Mayor Stephanie Miner, who employs Buckel's spouse as a top aide. Buckel began by accusing the Onondaga County Industrial Development Agency of handing COR Development a "$45 million goodie bag" without explaining that COR receives no money whatsoever from OCIDA. Comment?
12 hrs ago | via MarketWatch
In a rite of spring, the estimated $60 billion bridal industry glows with satisfaction. The average wedding cost a record $32,641 last year. Comment?
Wednesday | via Press & Sun-Bulletin
Obamas choose home to rent after leaving White House President Obama and his family to rent a house in the Kalorama neighborhood of Washington. Check out this story on pressconnects.com: http://usat.ly/1Vj7Ane President Obama and his family have decided to lease this nine-bedroom mansion in Kalorama, one of Washington's poshest neighborhoods, when he leaves office in January 2017. Comment?
19 hrs ago | via The Citizens' Voice
U.S. stocks climbed Wednesday as investors continued to recover some confidence in the health of the global economy. That sent oil prices higher and gave energy companies a boost, while materials companies also climbed higher. Comment?
Tuesday May 24 | via The Union Democrat
A funny thing didn't happen on the way to the digital revolution. It failed to empty out the cities. Comment?
Wednesday | via Housing Wire
Homeowners in the state of New York who are struggling to keep their homes from falling into foreclosure are about to get a lifeline $100 million in zero-interest loans from the state of New York, and it's all thanks to Goldman Sachs and its $5 billion toxic mortgage settlement. In April, Goldman Sachs agreed to a $5 billion settlement over toxic mortgage bonds. Comment?
13 min ago | via O-R Online
The Observer-Reporter is excited to announce new digital offerings, including our new e-Edition apps, available for download in the iTunes & Google Play stores. Comment?
15 min ago | via ConWebBlog
The Media Research Center's Nicholas Fondacaro channels the ghost of Noel Sheppard in a May 25 post headlined "Jeffrey Lord Schools Former Philly Mayor on Origin of Housing Collapse": NewsBusters contributor Jeffrey Lord laid out the facts about the origin of the housing market collapse of 2008, on CNN's America's Choice 2016 primary coverage Tuesday night. "You've got people out there saying that the Clinton housing policy helped cause the housing crisis in the first place," Lord stated, after being asked if it was smart for Hillary Clinton to attack Donald Trump for his comments about the bubble poping. Comment?
18 min ago | via ABC News
Fitch has warned Australia's major banks are facing increased risks and bad debts, with one of the agency's analysts declining to call them "safe and solid". In a world of carefully crafted, cautious messages, Fitch ratings director Andrea Jaehne cut to the chase when asked why Australia's banking system was so safe and solid. Comment?
19 min ago | via Yahoo!
More than 25 per cent of people going through a divorce after the age of 50 end up selling the family home, a survey has found. With many over-50s having children who have already flown the nest, 28 per cent of those who have been through a divorce said they'd ended up selling up, according to research from Nationwide Mortgages. Comment?
25 min ago | via American Reporter
Those who thought that last week's government bailout of Fannie Mae and Freddie Mac would stabilize the financial markets got a wakeup call this week. Lehman Brothers, the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create with the biggest bankruptcy filing in history. Comment?
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