 Thornbury and Preserve of Solon Ohio It dates back to September 2007, when Cuyahoga County prosecutor, Bill Mason’s office did a press release about four morgage fraud cases in Solon. These cases involved the following Solon properties:
- 35895 Sedge Circle in Preserve Subdivision, Solon
- 6749 Winston Lane in Thornbury Subdivision, Solon
- 35532 Nightshade Lane in Preserve Subdivision, Solon
- 38710 Flanders Drive in Thornbury Subdivision, Solon
Recently, Thornbury subdivision residents spoke in support of the proposed Rental Occupancy Permit before Solon’s Planning Commission. The residents cited their observations and experiences with 38710 Flanders Drive before the commission. → continue reading After effects of mortgage fraud in Thornbury and Preserve of Solon
 A real estate player and a naive home buyer They might tell you that “you don’t need a real estate attorney”. They might tell you that “its a waste of money” to hire a real estate attorney because the home buying process uses standardized forms. They might tell you that its not the practice to hire a real estate attorney in your town, city, area or state. They might tell you that most people do not hire a real estate attorney.
One or more of the following parties may have a vested interested (they eat from the same trough) in a home buyer, buying a home, any home: → continue reading Be naive, don’t hire a real estate attorney
It was the best of times, it was the worst of times; it was the time when borrowers would do anything to pay their mortgage, it was the time when some borrowers walked away from their home mortgage; it was the time when lenders held onto home mortgages for 30 years; it was the time when lenders promptly sold home mortgages.
Business Strategic Mortgage Defaults
Roger Lowenstein, author of The Way We Live Now, Walk Away From Your Mortgage, gives an example of strategic mortgage default in the business world. A Morgan Stanley fund decided to stop making payments on a real estate purchase in San Francisco because the value of the real estate had decreased. He suggests that the owners of any company that defaults on bonds and chooses to let the company fail rather than invest more capital in it are practicing “strategic default”. → continue reading Strategic Home Mortgage Default in Recourse States and Non-Recourse States
The glory of financial innovation
The fundamental lesson of this crisis is that, given the complexity of the division of labor required of modern global economies, we need highly innovative financial systems to assure the proper functioning of those economies. But while, fortunately, much financial innovation is successful, much is not. . . . → Read More: Mortgage Loans-Home Mortgage Loans-Mortgage Innovation
Gary Fields writes about Vermont’s mortgage laws, in an article dated August 18, 2009 titled, Vermont Mortgage Laws Shut the Door on Bust — and Boom
In laws passed between 1996 and 1998, and in what officials believe is the first state law of its kind, Vermont declared that mortgage brokers’ fiduciary responsibility was . . . → Read More: Vermont’s Mortgage Law-Fiduciary Responsibility
Stretch your legs only as far as the bed is – Indian proverb . . . → Read More: Don’t Buy Stuff You Cannot Afford
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About  I am a Civil Engineer from Louisiana State University. The compound word, Americaneer, is a combination of the words, American and Engineer. |
