RSSSolomon Dwek Arrested in Monmouth County Over 22.5 Million in Bounced Checks
The sordid tale of Solomon Dwek will continue on far into the future as he has now been arrested in connection with the bouncing of 22.5 million dollars worth of checks and fulfilling an amazing trial of deception that threatens to be the trial of the year in New Jersey. Over 100 attorneys representing different clients packed a courtroom to put in claims against Dwek and a portfolio of over 200 homes.
(For more of this truly bizarre story go to the Real Estate Bloggers)
Real Estate and Mortgage Stories in the News
Worlds Top 10 Tallest Skyscrapers
The building of the tall skyscrapers has slowed in the US but in Asia they are building these tall towers like crazy. Some really interesting and beautiful architecture, take a look at The Real Estate Bloggers.
Merrill Lynch Looking to Buy Mortgage Company
With the rise in consolidation of the mortgage industry after a 5 year run of record profits, Merrill Lynch is looking to make a purchase in the industry.
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Some Food For Thought and Fun; Great Travel and Real Estate Articles
Interested in a Cruise on the Maine Coast?
Traveling in Maine is probably not a great idea 9 months of the year, but during the summer months it can be a great place to visit. A fantastic idea and a great alternative is staying off the coast on a mini cruise ship.
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Nashville Leads List of Smartest Places to Live
The Smartest Places to Live as determined by Kiplingers Magazine has Nashville taking the lead. The city offers “offers affordable homes, a mild climate and a phenomenal entertainment scene that goes far beyond country.”
(See the rest of the list)
Monterrey Whale Watching A Big Business
The Monterrey region has seen a shift in what goes on with some of their tourist boating excursions. They originally were used for fishing trips, but most of the boats have been converted for whale watching cruises.
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Mortgage Rates Soar As Fed Raises Interest Rates
The Real Estate Bloggers has a post on the rising interest rates and how it may affect your mortgage.
The Fed has raised the interest rates again today to 5.00% and a 30 year mortgage is at 6.61%. If you are in an Adjustable Rate Mortgage (ARMs) now might be the time to refinance.
Read more at the Real Estate Bloggers.
Real Estate News that all should know from Title Insurance Fraud to Eminent Domain
Missouri Eminent Domain Bill A Landmark In the Eminent Domain Battle
The Missouri General Assembly and Governor Matt Blunt have set the standard on eminent domain legislation and should be commended.
(More at the Real Estate Bloggers)
Title Insurance Fraud Put Under the Microscope
Title Insurance has turned into a great big scam. I would never buy a house without it, but the premiums are inflated beyond belief, there is collusion and kickbacks between the real estate agents and the title insurance companies, and the home buyer is essentially getting ripped off..
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Trump Follows Martha Stewart to Atlanta
Martha Stewart and KB Homes announce that they are building in the Atlanta region. Now Donald Trump has announced he is partnering in a condo project in Atlanta.
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