Four people were sentenced Wednesday for their part in a multimillion-dollar fraud involving the sale and financing of manufactured homes. The four pleaded guilty to counts stemming from charges that, from 2004 to 2010, they misled buyers about the term ...Read More »
RALEIGH – Standard and Poor’s will pay $21.5 million to North Carolina to resolve the Attorney General’s state lawsuit claiming the company inflated ratings for risky securities and misrepresented its objectivity before the 2008 financial crisis, Attorney General Roy Cooper ...
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Five more sentenced in Wax House; investigation into investment and mortgage fraud conspiracy has netted 89
CHARLOTTE – Five people were sentenced this month for their roles in real estate and financial fraud activities that were uncovered in the massive federal investigation dubbed Operation Wax House, the U.S. Attorney’s Office in Charlotte announced Thursday. Most recently, ...Read More »
The first legislative bill filed in the N.C. General Assembly’s 2015 session seeks to amend the state Constitution to clarify language on when private property can be taken by governmental bodies through eminent domain and to require just compensation and ...Read More »
Opponents of plans to install toll lanes on Interstate 77 filed a lawsuit Tuesday morning in Mecklenburg County Superior Court that aims to stop the project. Widen I-77 has hired attorney Matt Arnold, managing partner of Arnold & Smith PLLC, ...Read More »
RALEIGH – The North Carolina Real Estate Commission has placed a Charlotte-based broker on probation and ordered her to not work as a property manager for any homeowners association for two years. According to a consent order filed by the ...
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North Carolina’s legislators returned to Raleigh on Wednesday, and contractors, real estate professionals and developers are watching to see what legislation may be considered that will make their work easier or more difficult, more lucrative or less profitable. Among issues ...Read More »
Most read online stories of 2015: Architecture, legal battles, personality profiles and project development pique readers’ interest
The year brought a lot of big news in real estate, construction and development in Charlotte, including the conviction of Mayor Patrick Cannon in a development-related bribery scandal; a continued apartment construction boom; announcements and groundbreakings for the first office ...Read More »
A stucco manufacturer that advertised a 20-year warranty may have to make good on that offer, despite a North Carolina law that generally requires any lawsuits over real property improvements to be brought within six years of the construction’s completion. ...Read More »