Desperate to sell empty lots in a foreclosed subdivision, a group of lenders turned to a marketing company that made big promises and had the references to back them up. But those references turned out to be fake and the ...Read More »
The development of retail space is expected to continue following the rapid growth of residential construction in Charlotte, but the demand for luxury retailers and value retailers could make things difficult for retailers targeting middle-class consumers. And counter to national ...Read More »
North Carolinians are increasingly paying more for their homeowners’ insurance than is allowed under the state’s approved rates. Caught between higher premiums or losing coverage, more and more are opting to sign “consent-to-rate” letters that allow insurers to raise rates ...
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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 »
The Mooresville Board of Commissioners on Monday approved funding a pilot project to develop a housing strategy to accommodate future demand, a process that is expected to play out across a 14-county region in the coming years. The program is ...Read More »
Sales prices for existing homes in the Charlotte region, including distressed sales, increased 4.1 percent in December from a year ago, according to CoreLogic’s Home Price Index report. On a month-over-month basis, existing-home prices in the Charlotte-Concord-Gastonia metropolitan statistical area ...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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GoodSports Enterprises, which is seeking taxpayer funds to help develop a sports complex near Bojangles’ Coliseum, has identified to city officials the source of the company’s financing for the proposed $76.7 million venture. “We have a name,” said Todd DeLong, ...Read More »