News about properties and real estate
Debts piling up in Husani’s wake [South Florida] Michael Tringali is having trouble making payments on the massive real estate-related debt he accumulated with help from his former partner, Neil Mohamed Husani. The 44-year-old developer and home builder missed several installments on a $7.3 million loan from Clearwater-based Mercantile Bank and a $4.9 million loan …
Continue reading “Debts piling up in Husani’s wake [South Florida]”
Court, suspect reach deal [Massachusettes] Home loan scam alleged A Holden woman who is allegedly part of a massive mortgage-fraud scheme has agreed to let a title company have a $745,000 judgment against her. Stewart Title Guaranty Co. was seeking to have the woman, Jamie Brown, cited for contempt because, in her capacity as trustee …
Continue reading “Court, suspect reach deal [Massachusettes]”
Sellers furious after buyers cancel deal, pocket deposit DEAR BOB: We put our home up for sale in early October. Within a week, we signed a sales contract with buyers. Eight days later, the buyers backed out, stating they changed their minds. We opted to keep their $2,500 earnest money deposit. But we discovered the …
Continue reading “Sellers furious after buyers cancel deal, pocket deposit”
Company’s sales pitch exploited link to Magic [Central Florida] Main Street USA implied team had association with investments The Kissimmee company whose owner sits in jail, accused of a multimillion-dollar real-estate fraud, misused its corporate sponsorship of the Orlando Magic to lure local investors to some of its sales presentations, Magic officials and others say. …
Continue reading “Company’s sales pitch exploited link to Magic [Central Florida]”
Condo Hotels Imagine a vacation home complete with 500-thread-count linens on plush mattresses, daily maid service, and a 30-treatment spa. Hotels have rolled out condos at an increasing clip over the last several years, tempting buyers with amenities, hassle-free ownership and the potential for regular rental income, all rolled into one sleek package with a …
How real estate debt can make you rich There are two primary reader audiences for “Real Estate Debt Can Make You Rich” by mortgage broker Steve Dexter. The first group of readers will be savvy home buyers and real estate agents who want to learn the inner-secret workings of the home mortgage industry. The second …