Frederick Cooper Harris III, 43, of Wilmerding, PA., has posh taste in real estate. Perhaps too posh, considering it just landed him in a great deal of trouble.
After viewing a $500,000 property with a real estate agent, Harris decided it would be a good idea to move in without the owner’s permission. It turned out to be a remarkably bad …
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Articles featuring all the latest foreclosure news. Featuring the latest default rates and recent foreclosure and preforeclosure trends and statistics.
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Largest home on the market at 90,000 sq. ft…and it's not even owned by a celeb..find out who owns it! http://bit.ly/aDV0GI #
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According to Urban Turf, a DC real estate guide, the listing web site Redfin had the White House listed, of all things, “for sale by owner.” Yup, the 55,000 square foot presidential pad was listed for sale for a cool $10 million, with a price per square foot of $182.00.
On CBSNews.com Redfin released a statement regarding the data faux paus:
“At Redfin we want to show all the homes for sale. So in addition to showing you homes for sale from MRIS, the MLS in DC, we also get for sale …
In her recent trial Patricia Morgen admitted to bilking more than 400 investors out of millions of dollars with faulty real estate investment promises. Morgen was sentenced to 15 years in prison.
The Madoffess Morgen is set to pay $9 million in restitution to her victims. However, whether or not that kind of money is still available remains a question.
Morgen was allegedly running a Ponzi scheme, promising investors large profits from real estate investments in the Reno, Nevada area while actually paying previous investors and skimming for herself. …
New blog post: Jumping Ship- How homeowners are walking away http://bit.ly/bUWfSb
New blog post: Man Locks Himself in Foreclosed Home, Arrested http://foreclosureresearch.com/2010/05/locked-in-foreclosure
'Strategic defaulter' says it's the 'in-thing' to walk away from your mortgage. http://bit.ly/bAL3mM #
New magazine re-design of our site. Check it out: http://foreclosureresearch.com/ #
TAKE OUR POLL! Is voluntary foreclosure (or walking away) ok? http://bit.ly/bbmz5F #
New blog post: Poll: Are Non-hardship Strategic Defaults OK? http://bit.ly/bCh9cu
9:18 AM May 12th via Twitter Tools
New blog post: Foreclosure Movie
Locked in Foreclosure
Keith Sadler of Stony Ridge, Ohio barricaded himself and six others within his residence early last week in protest of his recent foreclosure. Days prior his home of twelve years had been taken back by the bank at auction.
Sadler and a group of friends and family members hunkered down for five nights in the foreclosed home but on the sixth morning were met by a police stand-off. Two hours later all seven were arrested and charged with obstruction of justice and trespassing. …
