Word: mortgagee
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But negotiations require effort, attention and political will - all of which the current government, embroiled in power plays in the capital, has not been able to muster. Though the government has granted the army full authority in the tribal areas along the Pakistan-Afghanistan border, the army has refrained from...
Financial Risk Across Europe, banks have put a brake on their lending, both to individuals and to companies. Indeed, credit conditions have so drastically tightened that Mehta of Ernst & Young jokes that, for a first-time home buyer in the U.K. these days, "getting a mortgage is like winning the...
Rivera, Louisma and Acosta face up to 30 years in prison and a $1 million fine on counts of wire fraud. Meanwhile, Rivera and Louisma face separate foreclosure proceedings that may see them losing not only their own personal property but, in Rivera's case, her business. Neither Rivera nor...
Rivera, the owner of a title company, allegedly created a shell firm whose name (Rookery Park Estates PH) mirrored the real corporation that owned the townhomes, then acted as owner and seller of the townhomes when filing the loan applications - all without ever buying a unit. Louisma allegedly used his...
But the plan unraveled within two months. Only two units were "sold," prosecutors say, and a bank wire transfer of $690,000 to an account held by Rivera led to the arrests. The bogus sale price of the homes may have been the giveaway. "Generally, where there's been the...