Word: commerciales
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Because the American Recovery and Reinvestment Bill of 2009 has not been passed and signed into law, there is still some time to talk about how it could be improved and to criticize what is not yet set in stone. Instead of spending this money for infrastructure projects to create...
The most significant trouble with the real estate markets, both residential and commercial, is that the buyers have disappeared. They are not even making "low ball" offers. With real estate sales in gridlock, foreclosures and defaults become more likely. The incentives for owning a home worth much less than the...
The arguments that the federal government should not be buying real estate are persuasive. No one knows when prices for homes and commercial buildings will recover. To make matters worse the properties have to be maintained in order to retain their value.
Though the complaint against Cosmo does not cite an official Ponzi scheme, it certainly looks and smells like a Ponzi. The complaint alleges that Agape's bridge loans were touted as secured by borrowers' assets and that investors would receive substantial interest returns ranging from 48% to 80% per year...
On Monday the U.S. district attorney's office in Central Islip, N.Y., arrested Nicholas Cosmo, founder and owner of Agape World Inc. and Agape Merchant Advance LLC in Hauppauge, N.Y., charging him with a $370 million mail fraud. Agape claims it has been in the business of providing private bridge...