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Tag Archives: houses
Mortgage Fraud Crackdown Is Gathering Steam in Florida
Florida’s Gulf Coast was crawling with shady real estate investors like Neil Husani during this decade’s housing boom. According to the U.S. Attorney’s office in Tampa, Husani and three co-conspirators working with his Sarasota-based Capital Force, Inc., bilked seven area banks out of $83 million in a mortgage fraud scheme.
Experts: Some foreclosed homes too damaged to sell
The economy in southern New Hampshire is not by any means among the worst in the nation. Still, according to city records, there are 29 foreclosed homes on the books in Nashua — many of which are in deplorable condition
Berlusconi praised despite quake gaffe
Italian Prime Minister Silvio Berlusconi’s energetic response to Monday’s earthquake has been generally praised despite his comparison of the ordeal of survivors staying in emergency tents to a camping weekend. Berlusconi has visited the town of L’Aquila, the epicenter of the 6.3-magnitude quake, every day this week, talking to survivors and pledging government help to rebuild houses. He scrapped a visit to Russia that was planned for this week.
Gang of villagers chase away Google car
Google’s ambitious plan to offer a 3-D street level view of communities across three continents hit a snag when angry residents of a UK village blocked the search engine’s camera car from photographing their homes. Fearing the appearance of their well appointed properties on the Web site would attract criminals scouting for burglary targets, villagers in Broughton, north of London, summoned the police after spotting the car.
That Was Then … and This Is Now
Don’t pretend we didn’t see this coming for a long, long time. In the early 1980s, around the time Ronald Reagan became President and Wall Street’s great modern bull market began, we started gambling and thinking magically.
No takers for Michael Vick’s Georgia mansion
Neither the on-the-field fame nor the off-the-field notoriety of former Atlanta Falcons quarterback Michael Vick was enough to spark a bidding war for his suburban Atlanta mansion Tuesday. The multimillion-dollar home in Duluth was on the auction block Tuesday, but just three real estate agents showed up — and one of them, Lance Hempen of Funari Realty, was a listing agent who had no clients interested in the property. No one offered a bid, so the auction ended before it began
Report: Nearly One in Five Owe More Than Homes Are Worth
How’s this for odds: If you have a house in Las Vegas, there’s a 58% chance you owe more on your mortgage than the place is worth. Nevada, of course, is ground zero for the real estate bust — but it’s hardly alone in having truckloads of “underwater” homeowners. As of December, 19.8% of mortgage holders nationwide had negative equity in their houses, according to a new report by loan-tracker First American CoreLogic.
Witnesses saw and heard plane going down
The plane that crashed Thursday night near Buffalo, New York, had its nose down and wings tilted to the left just before impact, a witness told CNN on Friday morning. “The plane was nose down — not as steep as is being reported but steep enough that it didn’t look right,” said Tony Tatro, who lives next to the crash site in Clarence Center.
Why Global Warming May Be Fueling Australia’s Fires
The raging infernos that have left more than 160 people dead in southern Australia burned with such speed that they resembled less a wildfire than a massive aerial bombing.