Melville lawyer accused of stealing over $400K from real estate deal
SUFFOLK COUNTY, NY – A Long Island attorney was arrested Friday on charges that he stole more than $413,000 meant to pay off a client’s loan during a real estate closing. Prosecutors…
Son of West Long Branch Mayor Admits to $4 Million in Real Estate Tax Fraud
WEST LONG BRANCH, N.J. — A Monmouth County man is facing a possible federal prison sentence after admitting to concealing his interest in multiple real estate properties in an effort to avoid…
Pennsylvania attorney took $300K from estate of dead woman, family says
MURRYSVILLE, Pa. – A Murrysville man is facing multiple felony charges after allegedly misappropriating over $300,000 from a local woman’s estate while serving as her attorney and executor, the Westmoreland County Detective…
Disbarred Spring Lake Heights attorney charged with stealing $130K from client’s estate
FREEHOLD, N.J. — A disbarred Monmouth County attorney has been charged with misappropriating more than $130,000 from the estate of a deceased client over a seven-year span, authorities announced Thursday. Kathleen M.…
Lakewood Father and Son Sentenced to Prison in $70 Million Federal Real Estate Fraud Scam
NEWARK, NJ — Four real estate investors have been sentenced in a wide-ranging conspiracy to defraud financial institutions by submitting falsified documents to secure inflated multimillion-dollar loans for commercial and multifamily properties…
Queens Supreme Court to hear case on stolen homes, real estate fraud
Four Indicted for Allegedly Stealing Homes in Queens **Queens, NY** - Four men and three companies have been charged with grand larceny, criminal possession of stolen property, conspiracy, and other crimes related…
Suspended New Jersey attorney accused of stealing client funds in real estate fraud
WEST CHESTER, Pa. — A suspended real estate attorney has been arrested for allegedly stealing funds from clients while handling a home purchase, according to the Chester County District Attorney’s Office. James…
Hunter Biden’s $15k a month oceanview Malibu rental home destroyed in Pacific Palisades fire
MALIBU, Calif. — The $15,800-a-month Malibu rental home of Hunter Biden has been reduced to rubble by the Pacific Palisades Fire, one of four wildfires wreaking havoc across Los Angeles County. Exclusive…
Bronx real estate agent indicted for defrauding elderly homeowner out of property
BRONX, NY — A Bronx real estate agent has been indicted for allegedly defrauding a 70-year-old man out of his Baychester home and illegally collecting $60,000 in rent subsidies. Kenneth Lester Floyd…
For $22.5 Million, This Mahwah Equestrian Estate Is What Dreams Are Made Of
If you’ve ever imagined yourself living in an extravagant, storybook mansion tucked away on 43+ acres of stunning riverfront property, then this Mahwah, NJ estate is calling your name. Listed at $22,500,000,…
Three charged in Bronx deed theft and real estate scams, AG says
NEW YORK — New York Attorney General Letitia James and Bronx District Attorney Darcel Clark announced Thursday the arrests and indictments of three individuals involved in a deed theft scheme targeting a…
Man Kills Four Family Members, Himself Over Real Estate Disagreement at Family Home
SYOSSET, N.Y. — The Nassau County Homicide Squad is investigating a tragic incident in Syosset, where five people were found dead in what authorities believe to be a murder-suicide. The incident occurred Sunday…
Michelle Obama Flew In From Her $12 Million Martha’s Vineyard Estate To Preach Humility at DNC
If there’s anyone who should be preaching to the American people about humility and making ends meet, former First Lady Michelle Obama probably isn’t the best messenger. Since leaving the Oval Office,…
New Jersey Governor Phil Murphy Hosting President Biden at His Jersey Shore Estate
MIDDLETOWN, NJ—Get ready for some traffic problems at the Jersey Shore. Next Saturday night, U.S. President Joe Biden will visit the lavish waterfront estate of New Jersey Governor Phil Murphy. The stop…
Real Estate Investor Admits to $54.7 Million Mortgage Fraud Scheme
TRENTON, NJ – Aron Puretz, a 53-year-old real estate investor from New Jersey, pleaded guilty today to participating in a sophisticated mortgage fraud conspiracy. Over several years, Puretz and his associates fraudulently…
Toms River French-Inspired Estate Has 7 Fireplaces and Listed for $2.4 Million
Prepare to be enchanted by this French-inspired estate, a gem tucked away on a tranquil street in Toms River. The property, with its majestic ambiance, features 5 bedrooms, 5.5 bathrooms, and 7…
Luxurious Waterfront Estate In Toms River
TOMS RIVER, NJ — Nestled on a scenic cove in Toms River, this Silverton home offers an unrivaled waterfront lifestyle, boasting what might be the largest private beach in the area. Spread…
New Jersey Bill Seeks to Combat Discriminatory Real Estate Appraisals
TRENTON, NJ – A bill introduced in Trenton aims to eliminate discriminatory practices within property appraisals by mandating anti-bias training for real estate appraisers. The proposed legislation prohibits appraisers from considering demographic…
Brooklyn Attorney Accused of Embezzling Nearly $3.8 Million Including Dead Man’s Estate
BROOKLYN, NY – Salvatore Strazzullo, a Brooklyn lawyer, has been charged with the theft of approximately $3.8 million from four clients, according to Brooklyn District Attorney Eric Gonzalez. The funds, meant for…
Boston Mayor Has A Gift For City’s Crumbling Commercial Real Estate Sector — More Taxes
Democratic Boston Mayor Michelle Wu proposed legislation in late March that would let the city hike taxes on its already struggling commercial real estate sector. The proposal is meant to combat falling…
Real Estate Group Reaches Deal That Could Cause Massive Change To How Americans Buy Homes
Real Estate Group Reaches Deal That Could Cause Massive Change To How Americans Buy Homes Will Kessler on March 15, 2024 The National Association of Realtors (NAR), a trade association for the…
Maryland Man Sentenced for Real Estate Fraud in Washington D.C.
Washington, DC – Franklin A. Olaitan, a 51-year-old from Beltsville, Maryland, has been sentenced to over three years in prison for his involvement in a real estate fraud scheme. On February 16,…
Real estate pain for US regional banks is piling up, say investors
(Adds graphic) By Carolina Mandl, Matt Tracy and Saeed Azhar NEW YORK/WASHINGTON (Reuters) -New York Community Bancorp’s exposure to commercial real estate has intensified investor scrutiny around regional banks, with some expecting…
EU markets watchdog sounds warning on real estate funds
By Huw Jones LONDON (Reuters) – The European Union’s 1.1 trillion euro ($1.19 trillion) real estate funds sector faces multiple risks related to leverage, valuations and liquidity, requiring “stepped up monitoring”, the…
Rate cut hopes fuel bets real estate crisis is easing
By Naomi Rovnick LONDON (Reuters) – Commercial property stocks and bonds are rallying as forecasters widely predict the end of a market slump triggered by a multi-trillion dollar debt burden. Real estate…
Maligned US real estate sector draws buyers eyeing rate cuts
By David Randall NEW YORK (Reuters) – Falling inflation and expectations of an economic soft landing are buoying hopes for U.S. real estate stocks in 2024, even as the sector continues to…
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