Word: escrowed
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...PEPs in the Senate investigation to gain that access. The Patriot Act made it illegal for individuals or businesses in the U.S. to accept money generated by corruption abroad, deeming it as being complicit to money laundering. But in doing so, the law exempted hedge funds, realtors and escrow agents, and made it possible for foreign officials to use American lobbyists, lawyers and university officials to get around the money laundering...
Carolina Lombardi, a senior attorney at Legal Services of Greater Miami Inc., which is mentoring some of the UM fellows, says foreclosure defendants also need attorneys to help them fend off all-too-frequent lender practices like exorbitant escrow claims. "Homeowners who have lawyers are usually prevailing in those cases," says Lombardi. But she notes that unless homeowners fall below the federal poverty line ($22,000 for a family of four), they can't qualify for the free legal aid that agencies like hers provide. That creates an obstacle for most foreclosure defendants, who aren't impoverished but because...
...that veteran Miami realtors like Alex Shay insist would set recovery back. "It's out of line," says Shay, who recently took Alvarez to task on his Miami Real Estate blog. "A lot of people here are barely holding on to their properties, using credit-card advances to pay escrow, and the county wants them to take another hit?" (See TIME's photo-essay "Miami: Paradise Lost...
...Unlike a traditional senior gift, in which graduating seniors donate to the University to support programs at the College such as financial aid, this new fund would remain in escrow until either Harvard complied with the students’ demands or the United Nations lifted its call for divestiture...
Nigel Knight, a 45-year-old carpenter from Britain, started a lobbying group of disgruntled Dubai investors after he found that the developer of a villa he'd bought near the future site of Dubailand wasn't depositing his money in an escrow account reserved for construction funds. He suspects his and other investors' money was used by the developer to purchase more land and then sell off more units without ever starting construction at a single site. "It seems to be some kind of Ponzi scheme," he says. What's worse, he then discovered that the company may have...