Massapequa Park Real Estate News
Real Estate news for Massapequa Park, NY continually updated from thousands of sources.
Monday Oct 5 | via Patch.com
A Jericho insurance broker pleaded guilty to stealing a total of $829,963.53 in insurance premiums and other funds from clients to pay for his personal expenses, acting Nassau County District Attorney Madeline Singas announced Monday. Joseph Koch, 57, was arrested in Aug. 2012 after an investigation revealed that he was using insurance premiums, that he was supposed to forward to insurance companies on behalf of his clients, to pay for his Mercedes Benz, mortgage bills, country club membership fees, gambling trips and more, the DA's office said. Comment?
Thursday Oct 1 | via Newsday
Hempstead Town officials say they will freeze taxes in the preliminary $436 million budget that will levy $269.6 million in property taxes. The Town Board voted to pass the tentative budget Thursday, and they are scheduled to vote on a formal preliminary draft at Wednesday's budget hearing. Comment?
Wednesday Sep 9 | via Newsday
An artist rendering of the $25 million multiplex that Regal Entertainment Group plans to build in Lynbrook. Photo Credit: Blumenfeld Development Group A proposed $32 million project to replace a nearly 100-year-old Lynbrook movie theater in the village's downtown has been approved for tax benefits by the Nassau County Industrial Development Agency. Comment?
Sep 6, 2015 | via Newsday
Nassau County and Hempstead Village trustees may have an escape plan from a $10 million loan on a foreclosed downtown megablock. Photo Credit: Kevin P. Coughlin Nassau County and Hempstead Village trustees may have an escape plan from a $10 million loan on a foreclosed downtown megablock. Comment?
Aug 27, 2015 | via Patch.com
A fake attorney who scammed a New Hyde Park woman into giving him thousands of dollars in legal fees to pay for real estate taxes was sentenced to prison, Acting Nassau County District Attorney Madeline Singas announced Thursday. Mario Tolisano, 65, of the Bronx, was sentenced to 1 to 3 years in prison by District Court Judge Susan Kluewer. Comment?
1 hr ago | via The Real Deal
The premise of "The Closing" interview is simple: each month, sit down with an individual who not only made it to the summit of the New York real estate industry, but through a combination of skill, grit, and chutzpah, shaped it. The interviews have endured because they are so personal: they go beyond the deals and reveal what makes the dealmaker tick. Comment?
Yesterday | via Finance and Commerce
The Dallas-Fort Worth area of Texas, prized for its diverse job market and success luring companies that are relocating, ranked as the top area for commercial-property investment in a survey of almost 1,500 real estate executives, according to a report Wednesday by the Urban Land Institute and PricewaterhouseCoopers LLP. Austin, Texas, and Charlotte, North Carolina, followed - while the big coastal cities of New York, San Francisco and Boston, traditional magnets for buyers, were deemed less attractive. Comment?
Monday Oct 5 | via Reuters
MONTERREY, October 05 The supply of mortgage loans in Mexico has diversified in recent years, underpinned by a more competitive environment, the low level of interest rates, a gradual recovery of the construction sector, and the current housing needs in Mexico, according to a new Fitch Ratings dashboard report. The report also discusses key factors affecting the credit profiles of main participants in the industry. Comment?
Friday Oct 2 | via Reuters
NEW YORK, October 02 Chilean banks' earnings continue to hold relatively steady despite Chile's economic slowdown, says Fitch Ratings. Latest results are being supported by inflation-indexed loans and other assets, as well as moderate loan growth. Comment?
Thursday Oct 1 | via GlobeSt.com
With 2,000 attendees and an outstanding speaker lineup, you can't afford to miss RealShare APARTMENTS in Los Angeles on October 21-22. Blomquist: 'The lower FHA premiums and gradually relaxing lending standards, combined with the threat of rising interest rates, are getting more people off the home-buying fence.' Comment?
4 min ago | via MSNBC
They were one of the worst blights of the housing crisis: zombie foreclosures - abandoned homes in some state of foreclosure but not yet repossessed by banks and put up for sale. In some neighborhoods there were so many, they took up half a block. Comment?
7 min ago | via Glendale Register
We recently closed on one of our single family home listings in Briarwood, Queens. This one was listed for $750K and sold for $761K in less than 60 days. Comment?
13 min ago | via WMAL-AM Washington
The prosecution and defense outlined their cases in opening statements Thursday in the murder trial of Charles Severance. He faces three counts of capital murder for allegedly killing real estate agent Nancy Dunning in 2003, transportation planner Ron Kirby in 2013 and music teacher Ruthanne Lodato in 2014. Comment?
13 min ago | via Daily Journal
Average long-term U.S. mortgage rates fell sharply this week amid concern over a labor market that has shown recent signs of weakness. Mortgage giant Freddie Mac says the average rate on a 30-year fixed-rate mortgage dropped to 3.76 percent from 3.85 percent a week earlier. Comment?
15 min ago | via Mish's Global Economic Trend Analysis
"Not Totally Dead" Yet In the Chicago suburbs of Burr Ridge, Naperville, and Hinsdale, sales of high-end real estate hit a huge slump this summer that still continues. For example, Crain's Chicago reports the city of Burr Ridge, has 100 homes on the market for at least $1 million, but only 14 have sold at that price in the past six months. Comment?
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