A Charlotte man has been sentenced to more than five years in prison for his role in a Ponzi scheme that the U.S. Attorney’s Office says defrauded victims by inducing them to invest in fake real estate deals. John Reid ...Read More »
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 »
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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Starmount is the hottest neighborhood in Charlotte this year for prospective homebuyers, according to Redfin, the Seattle-based real estate brokerage. The 28210 zip code east of South Boulevard leads the pack for affordability and convenience, followed by South End, Fourth ...
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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 »