News
| Laws & Taxes |
Forty Indicted in Major East Texas Mortgage Fraud Scheme
March 17, 2010 Posted by Texas RealEstateRama
PLANO, TX - March 16, 2010 - (RealEstateRama) — U.S. Attorney John M. Bales announced today that 40 individuals have been arrested and charged in connection with a major mortgage fraud scheme in the Eastern District of Texas.
Jury Convicts Two in Multi-Million Dollar Mortgage Fraud Scheme
February 12, 2010 Posted by Texas RealEstateRama
HOUSTON, TX - February 5, 2010 - (RealEstateRama) — A federal jury found David Vasser, 61, a Houston area resident, and Shirely Adger, 52, a Dallas area resident, guilty of wire fraud and conspiracy to commit wire and mail fraud.
State housing agency providing lift to East Austin’s affordable rental market
January 26, 2010 Posted by TDHCA
AUSTIN, TX - January 25, 2010 - (RealEstateRama) — The Texas Department of Housing and Community Affairs (TDHCA) has announced a funding award to help finance the redevelopment of an existing affordable rental property in East Austin that will allow the apartment complex to continue to provide low income tenants with decent, affordable housing while providing a shot in the arm to the local economy.
Mortgage and Real Estate Broker Sentenced to Prison for Mortgage Fraud
November 10, 2009 Posted by Texas RealEstateRama
HOUSTON, TX - November 9, 2009 - (RealEstateRama) — Clarence Lewis III, 46, of Houston, has been sentenced to 15 years in federal prison without parole for running a mortgage fraud scheme, United States Attorney Tim Johnson announced today.
U.S. Congressman Al Green praises passage of extension of unemployment benefits and tax credit for first time homebuyers by the House
November 6, 2009 Posted by Congressman Al Green
Washington (DC) - November 5, 2009 - (RealEstateRama) — Today the U.S. House of Representatives passed the Senate amendments to HR 3548, the Unemployment Compensation Extension Act by a vote of 403 to 12.
Attorney General Abbott Takes Legal Action Against Housing Scam That Targeted Austin-Area Hispanic Home Buyers
October 31, 2009 Posted by Attorney General Greg Abbott
AUSTIN, TX - October 28, 2009 - (RealEstateRama) — Texas Attorney General Greg Abbott today charged Fern Hernandez Realty, Inc., with defrauding Hispanic home buyers. The state’s enforcement action names the corporation; its owner, real estate broker Jose Fernando “Fern” Hernandez and his wife, Odessa S. Hernandez.
Owner of Brownstone Construction Indicted for Mortgage Fraud
September 5, 2009 Posted by Texas RealEstateRama
HOUSTON, TX - September 3, 2009 - (RealEstateRama) — A 16-count sealed indictment charging Melvin Lendall Brown, the owner of Brownstone Construction, with wire fraud arising from an alleged multi-million dollar mortgage fraud scheme has been unsealed, United States Attorney Tim Johnson and FBI Special Agent in Charge Richard C. Powers announced today.
Former Dallas Cowboys Football Player, Eugene Lockhart, and Eight Others, Charged in Mortgage Fraud Scheme
September 3, 2009 Posted by Texas RealEstateRama
DALLAS, TX - September 3, 2009 - (RealEstateRama) — A federal grand jury has indicted Eugene Lockhart, Jr., 48, a former player with the Dallas Cowboys, and eight others, on various charges related to a mortgage fraud scheme he and the others allegedly ran in the Dallas area from 2001 through 2005, announced U.S. Attorney James T. Jacks of the Northern District of Texas.
State housing agency releases $81 million in first time homebuyer funds
August 21, 2009 Posted by TDHCA
AUSTIN, TX - August 20, 2009 - (RealEstateRama) — The Texas Department of Housing and Community Affairs (TDHCA) has released $81 million in mortgage loan funds available to help qualifying households purchase their first home. Homeownership promotes stable families and neighborhoods, generates local economic development with construction jobs, and supports local governments with increased tax revenue.
Tax Masters Leases Entire Building in West Houston
August 17, 2009 Posted by CB Richard Ellis
Houston, TX - August 17, 2009 - (RealEstateRama) — Tax Masters, Inc. has signed a deal to relocate its office from 900 Town and Country Lane to 2020 Dairy Ashford, part of a two building complex located on Dairy Ashford, just north of Westheimer Road in west Houston. The Houston-based, IRS tax relief representation firm leased the entire six story building totaling 107,890 square feet.
