Slow housing market speeds up scam Predatory buyers are borrowing more ...

Story date: 2007-10-27 10:18:00
Added on: 2007-10-28 00:36:05

Palm Beach Post - In January, they resold the home in the gated community along State Road 7 for the same price to Anthony Champagne, who likewise took out first and second mortgages totaling $585,000. The property now is in foreclosure. Reached by phone, Natacha ...


Read more...

Related Stories:

• WHY NOT JUST ADJUST AN ARM?

  New York Post - I asked a retired Wall Street guy and he said they have resold these mortgages into multiple pieces,...
  2007-09-08 09:50:00

• Jan. metro home news promising

  Denver Post - 33.8% Increase in January, compared with December, in houses under contract 6% Increase in January, compared with a year...
  2008-02-08 09:56:00

• Potential homeowners look for deals amid slow economy (WFMJ Youngstown)

  Many Ohioans are hoping to cash in on the slow housing market and become first-time homeowners. The Columbus Board of Realtors reports...
  2008-03-17 02:46:09

• FBI Probes Virginia Mortgage Scam

  Washington Post - Yet even as demand for the subdivision's townhouses was softening, investors -- including a mortgage broker, some real estate...
  2007-12-17 09:44:00

• The January slide: It could have been worse (Pittsburgh Post-Gazette)

  Wall Street ended its worst January in eight years with a wild ride that was par for the course last month, recovering...
  2008-01-31 09:23:55

• Ford, Honda Post Declines in January U.S. Auto Sales (Update1) (Bloomberg.com)

  Feb. 1 (Bloomberg) -- Ford Motor Co., after posting seven straight years of sales declines its home market, said January U.S. deliveries...
  2008-02-01 09:51:05

• Home sales slow, prices slip slightly (Everett Herald)

  Home sales in Snohomish County continued to drop dramatically in January compared to a year ago, but median prices dipped only slightly....
  2008-02-07 12:07:27

• Affordable homeownership projects open in Scarborough and Markham

  CNW Group - Home Ownership Alternatives also provides down payment assistance in the form of second mortgages to the co-op members purchasing...
  2007-08-27 07:03:00