It was August, and Crest Properties had just bought a 3,100-square-foot house at 1614 Meadowlark Landing Drive in the Lawing Pond neighborhood in Charlotte. The subsidiary of Indianapolis-based Timberstone Homes had planned to renovate, and then sell, the 4-year-old home. With the home-construction industry suffering, Crest has been buying up unsold homes of other builders [...]
This month, 61-year-old John Lee was out in the cold — or, rather, the August heat — when he was evicted from his south Charlotte rental home near the airport. Although he was behind on rent for June, which is what started the eviction process, he says Carolina United Realty, the 4108 Park Road-based property [...]
When the Federal Trade Commission created the Mortgage Assistance Relief Services rules in December, it caused a stink in the real estate community. MARS was formed in response to mortgage scams, specifically those involving loan modifications. Real estate agents, in particular, did not like some of MARS’ requirements, such as ones requiring that they make [...]
When someone files a deed for a property they don’t actually own with the office of Mecklenburg County Register of Deeds David Granberry, there’s nothing Granberry can do to stop it. Granberry could know the deed is not legit, that the claim for the house is false. Still, his office doesn’t have the power to [...]
On June 1, a real estate agent was showing a house to a couple in the Union County town of Weddington. While the couple checked out the basement of the house in the 1000 block of Antioch Woods Lane, two men, Asaru A. Ali and Kenneth W. Lewis, suddenly showed up, according to Detective Brian [...]
Cheryl Littlefield’s ideal home was pulled right out from under her. Located near Revolution Park just west of Uptown Charlotte, the 1,200-square-foot, three-bedroom brick ranch-style home was just what Littlefield was looking for. And priced at $49,000, the foreclosed home was a bargain. “All it needed was carpet, appliances and some very minor repair work,” said [...]
Iowa Attorney General Tom Miller today unveiled the details of a multistate mortgage foreclosure working group created to review the practice of “robo-signing” and other issues that have arisen against banks and mortgage-processing firms. Alabama was the only state not to join the group. The other 49 states, as well as state banking and mortgage regulators [...]
