News about properties and real estate
High roller of home loans [Central Florida] Daniel Sadek played Orange County’s subprime lending boom like a card shark dealt the ace and jack of spades. Just five years ago he was selling cars. Then, in January 2002, he anted up $250 for a state lender license and started selling home loans through his company, …
Continue reading “High roller of home loans [Central Florida]”
Facing new fields of fraud In the 1990s, Peter J. Porcelli made millions with laser printing and junk mail and poured part of his fortune into the Tampa Bay Smokers, a fast-pitch softball team that featured a cigar-chomping mascot and the best players money could buy. Porcelli became the king of the sport as his …
Homeowners teeter [Colorado] If foreclosures continue on their current pace, Larimer County’s foreclosure rate is expected to increase by about 20 percent by the end of the year. Seventy-five percent of those foreclosures are the result of refinancing, said Kathi Williams, director of the Colorado Division of Housing in Denver. Foreclosure statistics for January through …
Battle over? Not quite [Florida] Six months after the locks on their timeshare units were reportedly “glued” shut, Camelot owners have their condominium back – at least for now. The lengthy, complicated and ongoing legal battle over ownership of the building began in December after the county seized and subsequently sold the 24-unit waterfront property …
More homeowners struggle with mortgages they can’t afford Sarah Portales wants to keep paying her mortgage on time, but she’s got a problem. Her monthly payments are $3,500 and her income is slightly less than that. All the efforts this San Jose custodial supervisor has made to find a way to refinance her loan into …
Continue reading “More homeowners struggle with mortgages they can’t afford”
Better-heeled failing home economics too Sheriff’s Deputy Mike Strickland is a postman of bad news, delivering eviction notices in the western stretch of San Bernardino County. He is armed with a Glock .45, which he seldom draws, and Scotch tape, which he goes through in prodigious amounts while posting court orders on doors and windows. …