News Archive: legal issues

19, 2012 April:

Florida flood insurance "at risk" from new bill

Florida homeowners are at risk of losing their flood insurance. The state's efforts to speed up building permits and construction have seen residents across the region put in danger of exclusion from the National Flood Insurance Program. It may not sound like a big issue, but without flood insurance, a mortgage is basically out of the question.

17, 2012 April:

US couple sues landlord for haunted house

Paranormal activity prompted legal action this week as a New Jersey couple sued their landlord because their house was haunted.

21, 2012 March:

Brothers guilty in L.A. housing corruption case

Two brothers of a former Los Angeles Housing Authority official charged in an elaborate scheme to steer construction contracts to family-controlled companies pleaded guilty Monday.

20, 2012 January:

Woman jailed for messy yard gets helping hands

Linda Ruggles grinned as she strolled across her cluttered yard Thursday, enjoying freedom after six days in jail and rejoicing at the persistent growl of a mower and weed eater gnashing at her lawn.

19, 2011 December:

Mortgage Fraud: California, New York Rank Highest, Report Says

Mortgage fraud activity slowed overall in the third quarter, but California ranks first in home loan fraud, with the state seeing as much as $204.2 million in losses on deceptive mortgage activity.

13, 2011 December:

Squatters seize $8m in homes

Squatters seized over $8m worth of property in Texas this year. One claimed a house left by his dead neighbour. Another took over a $2.7m mansion, prompting authorities to ask the attorney general to intervene. Using legal loopholes, squatters are seizing more opportunities to "liberate" empty homes as a form of protest, social outreach or even buy-to-let investment.

23, 2011 November:

Ashby Highrise developers copied site plan we made for them, says attorney for Dallas architecture firm

A Houston attorney says the site plan for the Ashby Highrise “substantially” copies the one a Dallas-based architecture firm created for the same developers 5 years ago.

28, 2011 October:

Video: US bank mortgage fraud crackdown

With $1 billion stolen in a month, the FBI says that bank mortgage fraud is now as important as terrorism. Two investment bankers at Bear Sterns have recently been charged with fraud. But are there any more to come?

02, 2011 September:

US 'to sue big banks over mortgages'

The Federal Housing Finance Agency, which oversees US mortgage markets, is set to file a suit against more than a dozen big banks, accusing them of misrepresenting mortgages.

02, 2011 August:

Expats secure Halifax shares payout settlement

An agreed settlement of a class action heard in New Jersey means 12,000 expats who were residing in the US at the time of the flotation, will share an estimated US$8.6 million, about $720 each, in lieu of the shares.

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