BALTIMORE – Maryland Attorney General Doug Gansler has announced an agreement with Wells Fargo relating to allegedly deceptive marketing of adjustable-rate mortgages written by companies it acquired in 2008.
The Charlotte Housing Authority secured two low-income housing tax credit deals worth $42 million this week. The money was from the U.S. Department of Housing and Urban Development’s Capital Fund Financing Program. The funding is earmarked for the rehabilitation of two existing senior properties, Strawn Tower and Parktowne Terrace.
Bank of America said it will hold three days of free workshops and counseling for its customers who are having trouble paying home loans.
2011 is officially over, and some in the real estate and construction
industries are glad to see it end.
DETROIT – A published report says more Detroit homeowners and landlords are escaping property tax debts by rebuying their foreclosed properties at auction.
AUSTIN, Texas – A Lakeway man accused of participating in a scam that collected $1.6 million and caused the delay of more than 1,100 foreclosures has agreed to plead guilty to the charges.
Tommy Lawing is a man looking to buy houses. He needs them, he says, because demand for homes in his rental business is through the roof. But profits aren’t following the upward track and it’s because of one of life’s certainties – taxes.
Demand for apartments is high in Charlotte. So when Michael Shaheen decided to build a new complex in west Charlotte he figured interest in financing the project would be a slam dunk.
Instead, it seems to be more of a brick.
From the freeway, it looks like just another patch of woods ripe for new housing development once the economy revives.
From the air, the forested stretch along I-405 reveals itself as part of a green ribbon buffering an active salmon creek. The appearance of a "sold" sign in mid-December marked a 35-acre patch of western red cedar, western hemlock and Douglas fir as property of the city of Bothell.
When Gaybbrell Shereise Cofield pleaded guilty last year to selling crack cocaine, he agreed to let the government take his grandmother's home as well as property that has been in the family for generations.