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26 December 2016 | 3 replies
To me, when you are trying to hide things from people in a transaction, it already starts to seem like it's getting into the "fraud" area.It may not be fraud - I'm not an attorney - but it doesn't give me a good feeling and in 95% of the cases the same thing can be accomplished with an assignment and all parties being on the same page at closing.In particular, I would never, ever do a double closing if the end buyer is using a bank loan to purchase the property (unless you yourself are going to fund the first transaction).Banks can and have worked with law enforcement to find cases like this and prosecute people, and people have actually gone to jail (yes, in Rhode Island, and yes that has included attorneys involved in various mortgage fraud related schemes).For some spine chilling reading, for example, see Providence lawyer, five others charged in alleged mortgage fraud scheme.
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5 August 2012 | 14 replies
You know, the U.S. government themselves tried to pass a bill a few months ago:http://en.wikipedia.org/wiki/Stop_Online_Piracy_ActIt was under the guise of protecting copyright, but it became abundantly clear very quickly that the rights it would have bestowed on law enforcement extended well past that goal, and essentially would have allowed the government to shut down entire domains based on alleged (not proven or judicial) infringement.
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10 January 2023 | 11 replies
While there's no question that Chicago's city proper population has gone down much of the alleged migration has been either overblown or just flat out incorrect.
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29 January 2013 | 33 replies
Bain not only did what you alleged but also loaned $$ for enlargibg businesses, and provided start-up capital.
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26 September 2016 | 104 replies
And theres an article on CNBC right now alleging that the FED has notified banks to prepare for NIRP (negative interest rates).
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7 December 2017 | 5 replies
The day before that offer was going to be submitted, I was served with a summons for a lawsuit related to comments made on Facebook about an alleged sexual predator in my community.
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3 October 2018 | 9 replies
Just because they're allegedly hurt does not mean they get free housing.
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1 January 2009 | 73 replies
I had a tenant's father call me yesterday afternoon to tell me that his daughter had moved out (without notice) of one of my one bedroom houses (she allegedly moved out of town for a new job).
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11 January 2012 | 4 replies
issues are numbers are essentually on a napkin no real verification former flag allegedly inbetween 2 star level franchises seller has been trying to sell / auction property without high enough bid.Impression seller is trying to get away from a sinking shipOutlook: excellent location condition of property is a 7 from a scale of 1-10gross as stated to cover expenses including existing mort.
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3 March 2015 | 0 replies
Installment # 8 Insurance Issues for The Real Estate Investor.LIABILITY - ContinuedThe type of policy ("commercial" or "personal") can affect whether a liability exposure is covered.As an example, the “generic” pollution exclusion found on most personal type contracts is addressed by some commercial policies to consider/cover pollution that emanates from a heating source (i.e. carbon monoxide).This is a greater benefit than you can imagine as your tenants even "alleging" that they got sick or injured can devastate you with defense costs, even if the ruling is in your favor.I have seen alleged injuries and sicknesses from pollutants in other situations and it is not pretty!