News & Headlines
A directory of real estate links, outlining the most popular news and other articles as voted on by the BiggerPockets community.
James Ward's Links
Bail for former TBW chief Lee Farkas set at $2M
A judge on Wednesday set bail at $2 million for Lee Farkas, the former Taylor, Bean & Whitaker Mortgage Corp. chairman who faces federal prosecution. Although the 57-year-old Ocala resident was not able to secure that amount by day's end, his atto...
Trust fueled Taylor Bean's excesses
The multibillion-dollar mortgage scheme former Taylor, Bean & Whitaker chairman Lee Farkas of Ocala is accused of pulling off was complex, sophisticated and financially intricate.
You say squatter, they say owner.
FORT LAUDERDALE, Fla. - Imagine going to a house or condo you own and finding a stranger living there who claims the property no longer belongs to you.
Vornado Realty Said to Make Bid for Loan Servicer CW Financi
Vornado Realty Trust submitted a bid to buy CW Financial Services, the parent of the second-largest manager of delinquent U.S. commercial real estate loans, according to a person with knowledge of the offer.
Hundreds arrested in nationwide mortgage fraud sweep
The Justice Department announced Thursday that it has arrested 485 people across the nation in a mortgage fraud sweep, though no charges were brought against anyone in Manatee, Sarasota or Charlotte counties.
Farkas will remain in custody at least until Wednesday
Former Taylor, Bean & Whitaker Mortgage Corp. chairman Lee Farkas will be held in custody at least until Wednesday,when a federal judge will convene a formal pre-trial detention hearing.
Federal Agents take Lee Farkas into Custody | Ocala.com
Lee Farkas was arrested and taken to the Marion County Jail on Tuesday, June 15, 2010. On Wednesday, federal agents stepped in and took Farkas into custody. Farkas is the former chairman of Taylor Bean & Whitaker.
Farkas accused of leading $1.9B fraud scheme | Ocala.com
The former chairman of Taylor, Bean & Whitaker is scheduled to appear in court this afternoon in Ocala.
Suit over secondhand smoke targets real estate broker
Alyssa Burrage says she was smoked out of her new $405,000 condominium.
Real-Estate Investor Hochfelder Indicted For Larceny
One-time New York real-estate investor Adam Hochfelder was indicted Monday.
Will a short sale keep me from getting another mortgage?
Ask a real estate professional: Will a short sale keep me from getting another mortgage?
Businesses weigh in: It's tough out there
Local small business owners reflect results of national survey.
Program makes borrowing practical
Commercial real estate continues to be challenging for small-business owners in Southwest Florida.
Former Beverly Hills appraiser sentenced.
Lila Rizk is ordered to serve three years in federal prison and to pay restitution to lenders that together lost $50 million on loans in the scheme.
REITs Not Yet All-Clear
There are some signs of an end to the drubbing taken by commercial real-estate valuations.
Failed real estate deal costs Florida pension $266 million
TALLAHASSEE — A multibillion-dollar Manhattan development formally unwound this week after costing the state’s pension system $266 million and fueling a debate over oversight of the $113 billion fund.
Prices must fall, economist says
For the commercial real estate market in South Florida and around the country to recover, buyers and sellers need to come to terms on the new price reality.
In Packaging of Loans, a Bust With a Pedigree
Though few people remember it, an earlier wave of private securitizations altered the real estate landscape, particularly in New York and other big U.S. cities, Floyd Norris writes in his latest column in The New York Times.
Fugitive real estate developer captured
A fugitive lawyer accused of stealing millions of dollars in an Idaho real estate development has been captured in Los Angeles after living for years in Mexico.
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