North Wildwood Real Estate News
Real Estate news for North Wildwood, NJ continually updated from thousands of sources.
Jun 3, 2015 | via Patch.com
The scam involved the use of phony documents and "straw buyers" to make illegal profits on overbuilt condos, according to the U.S. Attorney. A Toms River woman and two others were sentenced Tuesday for their roles in conspiring to defraud financial institutions as part of a $15 million mortgage fraud scam, U.S. Attorney Paul J. Fishman has announced. Comment?
May 28, 2015 | via Housing Wire
A real estate investor was sentenced to 84 months in prison for conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos. Timothy Ricks, 47, of New Jersey pleaded guilty before Judge Jerome Simandle to a superseding indictment charging him with one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering. Comment?
May 14, 2015 | via Housing Wire
An Alabama man was sentenced to 17 years in prison for conspiring to defraud financial institutions and launder stolen funds as part of a $15 million, multi-state mortgage fraud scam that ended with the attempted murder of a witness against him. Kinard Henson, 43, Ventress, Alabama, used phony documents and straw buyers to make illegal profits on overbuilt condos, court records show. Comment?
May 7, 2015 | via Federal Bureau of Investigation
A Ventress, Alabama, man was sentenced today to 210 months in prison for conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that used phony documents and "straw buyers" to make illegal profits on overbuilt condos, U.S. Attorney Paul J. Fishman announced. Kinard Henson, 43, previously pleaded guilty before U.S. District Judge Jerome B. Simandle to a second superseding indictment charging him with one count of conspiracy to commit wire fraud, one count of conspiracy to commit money laundering and one count of attempted murder of a witness in a federal case. Comment?
May 6, 2015 | via NJ.com
An Alabama man was sentenced to nearly 20 years in prison Wednesday for his part in a plan to defraud financial institutions through the sale of beachfront properties at inflated prices. CAMDEN - An Alabama man was sentenced Wednesday to more than 17 years in prison for his role in a multimillion fraud scheme involving beachfront condominiums and for the attempted murder of another participant in the scheme, U.S. Attorney Paul Fishman said. Comment?
24 min ago | via WDAM-TV Hattiesburg
A family of bears was seen in a backyard frolicking in a pool earlier this week, and yesterday they were found digging through the neighborhood trash cans for a snack. "It used to be a big surprise if you saw one," resident David Horowitz said. Comment?
Thursday Aug 20 | via Information Technology
Fitch Ratings has affirmed the 'BBB-' rating on the following New Jersey Economic Development Authority revenue bonds issued on behalf of United Methodist Homes of New Jersey : The bonds are supported by a pledge of gross receipts of the obligated group , a debt service reserve fund, and a mortgage lien on obligated group property. STEADY OPERATING PERFORMANCE: The 'BBB-' rating affirmation reflects UMH's very consistent and solid operating performance, coupled with minimal reliance on entrance fees or investment gains. Comment?
Friday Jul 31 | via Nurse.com
The aftermath of Superstorm Sandy continues to affect thousands of New Jersey residents and may increase the odds of residents experiencing mental health distress, post-traumatic stress disorder and depression, according to a new study. Findings from the Sandy Child and Family Health Study, a representative population study of 1 million New Jersey residents, showed the primary homes of more than 100,000 residents were structurally damaged by the storm. Comment?
Friday Aug 7 | via Bloomberg
The average mortgage-origination fee fell 22 percent in the 12 months through June to $1,041 as nontraditional lenders gave borrowers more options, pushing banks to make concessions to stay competitive, according to an annual survey by Bankrate Inc. Charges are declining even as banks struggle with costly regulations spurred by the 2008 financial crisis, said Greg McBride, Bankrate's chief financial analyst. "The new players entering the market are forcing established lenders to cut fees even though compliance costs for everyone are going higher," McBride said in an interview. Comment?
Thursday Jul 30 | via Insurance Journal West
A new study says the lingering effects of Superstorm Sandy - in the form of unfinished repairs, disputed claims, and recurrent mold - are associated with increased odds of Sandy-impacted residents experiencing mental health distress, post-traumatic stress disorder , and depression. According to the "Sandy Child and Family Health Study" released on July 29, among more than 100,000 New Jersey residents who experienced significant structural damage to their primary homes from Sandy, 27 percent are experiencing moderate or severe mental health distress and 14 percent report the signs and symptoms of PTSD even two and a half years after the storm. Comment?
13 min ago | via OregonLive.com
Thanks to record-low interest rates, now has never been a better time to build a new home. Bankrate.com said fixed rate mortgages have slowly fallen over the last year, from 4.5 percent to 3.68 percent - where they are expected to hold steady for the remainder of this month. Comment?
17 min ago | via Edmonton Journal
A Toronto couple discovered that their tenant had built a series of partitions in the house to create 16 units, leaving them vulnerable to fines for having an illegal rooming house. Tek, a 32-year-old partner with Domus Management, which specializes in student housing, has a few war stories from his eight years in the business. Comment?
18 min ago | via NBC Bay Area
It's a booming week for Marin County real estate, thanks to the sale of one prominent piece of property. That's $22 million over than any previous home sold in Marin County and $12 million more than the highest home sale in San Francisco, according to Curbed SF . Comment?
23 min ago | via The Globe and Mail
Paige plans to retire from her $61,000-a-year job in the education field next month so she wants to make sure she is on sound financial footing. She has a mortgage-free condo in Calgary and no debts. Comment?
26 min ago | via Business Journal
Zillow drew notice earlier this week with its latest figures that show the national pace of housing appreciation has turned negative for the first time in four years and even dared to say that the white-hot San Francisco market is cooling. Zillow Chief Economist Svenja Gudell told me Friday that she doesn't take issue with the fact that San Francisco is one hot market, along with San Jose, Dallas and Denver - all showing year-over-year double digit growth in home-price appreciation. Comment?
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