November 26, 2013 |
WHEN PANSY CLARKE bought two five-story fixer-uppers in West Philadelphia several years ago, the registered nurse planned to convert them to an assisted-living facility. But those plans, like the dilapidated properties, soon began to crumble. Clarke had gotten a sizable blanket mortgage for another property she owned in Delaware County, which blocked her from taking out more funds to fix up the Chestnut Street properties. As a result, the buildings sat empty, causing a huge eyesore on an otherwise rising block just a stone's throw from the old West Philly High.
October 24, 2013 |
David Fili Jr. and George Barnard enjoyed the lives of successful businessmen driving expensive vehicles, investing in beachfront property, and attending Flyers games. The partnership between the two Delaware County men started in 2004. Eight years later, the relationship unraveled after clients alleged more than $10 million had gone missing, strapping dozens of New Jersey and Pennsylvania homeowners with two mortgages on the same properties, according to court records filed in both states.
October 18, 2013 |
FORMER EAGLES wide receiver Irving Fryar and his mother were charged yesterday with conspiring to steal more than $690,000 in a mortgage scheme, authorities said. Acting New Jersey Attorney General John J. Hoffman announced second-degree conspiracy and theft charges from a grand jury against Fryar, 51, of Springfield, N.J., and his mother, Allene McGhee, 72, of Willingboro, N.J. They are accused of obtaining five home-equity loans over a six-day period in December 2009 on McGhee's Willingboro home.
October 6, 2013 |
FLYERS COACH Peter Laviolette recently filed a $3 million lawsuit alleging fraud against Bank of America. The lawsuit, filed in Palm Beach County Circuit Court, alleges that Bank of America convinced Laviolette and his wife, Kristen, to mortgage three of his properties in an "investment scheme that would build great wealth with minimum risk. " The suit was first reported by Courthouse News. Through a Flyers spokesman, Laviolette declined to comment to the Daily News last night.
October 1, 2013 |
Teresa Bryce Bazemore, 54, could not have picked a worse time to lead a mortgage insurance business. In July 2008, when Bazemore was appointed president of Radian Guaranty Inc., housing prices were falling, foreclosures were mounting, and money was pouring out of Radian as it struggled to make good on mortgages gone bad. The company is still losing money, but at a slower clip. On June 30, Bazemore's mortgage insurance business completed its first quarter of operating profitability since 2007.
September 26, 2013 |
Interest rates dipped below 3 percent, and Frederick Graziani refinanced to shave $300 off his monthly mortgage payments for his Philadelphia home. Homeowners in Haddonfield, Williamstown, and Cheltenham, and another in Philadelphia, also took advantage of low rates. Monday, the five homeowners sued in Superior Court in Camden County, naming several financial institutions they allege were part of a multimillion-dollar fraud. James Cole, 34, of Cheltenham, said that when his refinancing went bad, the second bank threatened "to take away my house" if he did not pay on the new mortgage.
September 19, 2013 |
The wife of convicted mobster Nicodemo S. Scarfo pleaded guilty Tuesday in federal court to conspiracy related to mortgage fraud that hid her then-fiance's involvement in the purchase of a house in Egg Harbor Township, N.J. Lisa Marie Scarfo, 34, of Elmer, N.J., admitted that she participated in a January 2008 scheme with her husband and others to obtain a $500,000 mortgage from St. Edmonds Federal Savings Bank. Lisa Scarfo, also known as Lisa Murray-Scarfo, signed a fake tax return exaggerating her income.
September 19, 2013 |
THE WIFE OF a reputed New Jersey mob figure pleaded guilty yesterday to conspiring to defraud a mortgage lender in order to buy a $715,000 house in Egg Harbor Township, N.J. Lisa Marie Scarfo, 34, of Elmer, N.J. - daughter-in-law of jailed mob figure Nicodemo "Little Nicky" Scarfo and wife of Nicodemo S. Scarfo Jr., an alleged member of the Lucchese La Cosa Nostra (LCN) crime family - entered the plea before U.S. District Judge Robert B. Kugler in Camden. According to documents filed in this case and statements made in court: In November 2011, Lisa Marie Scarfo and 12 others, including her husband and Salvatore Pelullo - an alleged associate of the Lucchese and Philadelphia La Cosa Nostra crime families - were charged in a 25-count indictment accusing them of targeting FirstPlus Financial Group (FPFG)
September 4, 2013
IF WHAT Sandra Shea is proposing ("Hey, teachers: Do the math") comes to fruition, I'll never grade a test or homework again, forget about assigning them. When 3:04 comes, I'm out the door. And, on Saturday and Sunday, when my wife and kids want to go on a trip but I'm busy preparing interesting lessons for the upcoming week and finding my own resources . . . forget that, too. Every day will be "Open your textbooks from 1990 to page 330, substitute 'Russia' wherever it says 'Soviet Union' and complete the questions on page 334 in your notebook, which I won't check anyway.
August 17, 2013 |
ATLANTIC CITY - Hurricane Sandy victims told members of the New Jersey Legislature during a session here Thursday that they have grown weary of "Stronger Than the Storm" ads, and are exhausted by months of futile attempts to seek assistance in repairing and holding on to their storm-ravaged homes. "I haven't seen one billboard or ad that tells people exactly how they can be stronger than the storm. . . . So many people still don't know where to go for help," said Staci Berger, executive director of the Housing and Community Development Network of New Jersey.