A Thousand Oaks couple were sentenced to 10 years in prison on Monday for defrauding banks and cheating home buyers and investors.
U.S. District Court Judge Manuel L. Real called Terry Tucker, 65, a financial predator and Sonya Tucker, 65, a danger to others as he handed down the sentences, which include 5 years probation.
“Terrrance Tucker [...]
Posts Tagged ‘hard money’
Thousand Oaks couple sentenced to 10 years in jail for cheating, fraud
December 1st, 2009 by HardMoney Writer
Tags: financial predator, hard money, Hard Money Loans, home buyers, home loans, investors, mortgage payments, payments loans, Thousand Oaks
more...Buying and selling real estate in this market takes experience, deep pockets
November 30th, 2009 by HardMoney Writer
In a booming real estate market, making money investing in homes is easy. Buy a house, slap on a new coat of paint or replace the carpeting and ride the appreciation train to a quick, profitable resale a few months later.
When prices decline — as they have in the Puget Sound area over the past [...]
Tags: broker, foreclosed, foreclosure, hard money, home investors, investors, lenders, making money, mortgage brokers, private investors, real estate, Real Estate Association of Puget Sound, realtors, tax credit
Florida Hard Money Filling The Gap
November 27th, 2009 by HardMoney Writer
Hard money loans are known by many names. You may be familiar with the other names hard money loans go by such as “private money loans”, “hard equity loans”, “equity only loans”, “subprime loans” or “portfolio loans”. No matter what you call them they are filling the huge gap left by conventional lenders for investors [...]
Tags: bad credit, bankrupty, equity loans, foreclose, hard equity loans, hard money, hard money investors, Hard Money Loans, home owners, investors, lenders, mortgage brokerages, portfolio loans, private money loans, subprime loans
Alaska agrees to $10M abuse settlement
November 25th, 2009 by HardMoney Writer
The Catholic Diocese of Fairbanks and representatives of almost 300 alleged victims of clergy abuse have agreed on a settlement of almost $10 million.
The agreement was discussed Tuesday at a status hearing in federal bankruptcy court and will need to be finalized. The deal could be completed by mid-January.
Plaintiffs’ attorney Ken Roosa said some of [...]
Tags: bankruptcy, federal bankrupty, hard money, insurance companies
Behind a failed mortgage company
November 23rd, 2009 by HardMoney Writer
For years, Richard MacDonald’s investments with Financial Resources Mortgage in Meredith seemed like a sure thing. His deposits, which totaled more than $1 million, helped finance building projects across Northern New England. Interest checks arrived in the mail every month. And MacDonald felt secure knowing the construction sites were within an hour or two of [...]
Tags: bankrupty, bridge loans, broker deals, financial crisis, Financial Resources Mortgage, hard money, hard money lender, investments, investors, mortgage, private investors, real estate
Battling over anti-Bush donors
November 20th, 2009 by HardMoney Writer
Bush camp launches legal fight against large-dollar Democratic funders
The Republican National Committee and President Bush’s campaign opened a new field of fire Wednesday on Democratic “soft money” groups that are raising millions of dollars to air anti-Bush ads and do grass-roots organizing to defeat him.
In an unprecedented move, the RNC and the Bush campaign filed [...]
Tags: America Coming Together, Bush, Bush campaign, Federal Election Commission, hard money, Media Fund, Real Networks CEO, soft money, The Republican National Committee
Shurtleff mixes hard money with soft
November 17th, 2009 by HardMoney Writer
An attorney in Park City claims that Utah Attorney General Mark Shurtleff has violated federal campaign finance laws by using “soft money” raised under state financing rules to help bankroll his federal campaign for a U.S. Senate seat.
Attorney Joe Tesch requested in a nine-page complaint Oct. 16 that the Federal Election Commission investigate Shurtleff.
Shurtleff said [...]
Tags: attorney, finance laws, hard money, soft money, tesch
Why reform equals more campaign spending
November 16th, 2009 by HardMoney Writer
Despite the fact that President Bush signed into law a campaign finance reform measure in 2002, more money has been raised in this presidential election than ever before.
Correction. Make that: Because President Bush signed the campaign finance law, more money has been raised in the presidential election than ever before.
Partly because federal regulators’ interpretation of [...]
Tags: campaign finance, finance lawyers, hard money
A Short-Sighted Cheer for Easy Money
November 9th, 2009 by HardMoney Writer
Wall Street loves easy money. That’s what I conclude from today’s 200-point stock market rally, which started early and gathered force, pushing the Dow back over 10,000 at the close of trading.
Oddly enough, stocks roared at yesterday’s opening by nearly 150 points, a response to the GOP sweep in New Jersey and Virginia. The government’s [...]
Tags: big government, busimess, easy money, hard money, low tax rate, wall street
Whiskey and Gunpowder Email Letter
November 4th, 2009 by HardMoney Writer
The email newsletter, Whiskey and Gun Powder, is one you can safely add to your list of news that must be read on a weekly basis – no matter who you are or where you lie in this new social order.
In the hard money world, we have separate, yet related languages for how we discuss [...]
Tags: bartenders, big companies, economic sectors, gunpowder email letter, hard money
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