Minnesota RealEstateRama
Two Defendants Indicted for Price-Flipping 35 Homes in Mortgage Fraud Scheme
December 10, 2009 - (RealEstateRama) -- A federal indictment was unsealed today against a Minnesota pair for allegedly orchestrating a mortgage fraud scheme in which they stole more than $2.5 million from lenders nationally by obtaining fraudulent loans for the purchase of 35 homes in the Twin Cities. The indictment charges Zack Zafer Dyab, 45, of Golden Valley, and Julia Alexander Rozhansky, 45, of Minnetonka, with one count of conspiracy to commit wire fraud, six counts of mortgage fraud through use of interstate wires, and one count of engaging in a monetary transaction involving criminally derived property.
Webster Man Pleads Guilty to Bilking More Than $7 Million from Mortgage Lenders
December 8, 2009 - (RealEstateRama) -- A 27-year-old Webster man pleaded guilty today in federal court to bilking more than $7 million from at least 15 real estate mortgage lending companies between 2005 and 2008. Appearing before United States District Court Judge Richard Kyle in St. Paul, Dustin LaFavre pleaded guilty to one count of conspiracy to commit mail and wire fraud in connection with this crime. LaFavre was charged on November 5, 2009
Proposed property tax levies for 2010 increase by average of 3.5 percent statewide
Saint Paul, MN - November 19, 2009 - (RealEstateRama) -- Property tax levies will increase an average of 3.5 percent statewide if proposed local tax levies are adopted later this year, the Minnesota Department of Revenue announced today. This compares to last year’s increase of 5.6 percent and an average increase of 6.9 percent during the past three years.
DEED Awards $1.8 Million for Redeveloping Blighted Sites
Funding approved for North St. Paul, Roseville and St. Paul Port Authority. ST. PAUL, MN - November 19, 2009 - (RealEstateRama) -- Three projects in the Twin Cities area received a total of $1.8 million in grants to help offset the cost of reclaiming and redeveloping blighted property.
Bachmann Urges Geithner to Cut Ties with ACORN
Washington, DC - October 1, 2009 - (RealEstateRama) -- U.S. Representative Michele Bachmann (MN-06) today urged Treasury Secretary Timothy Geithner to specifically prohibit ACORN from participating in his $35 billion proposal to expand government intervention in the housing market
Bachmann Urges HUD to Bar ACORN from Taxpayer Fundin
September 15, 2009 - (RealEstateRama) -- Last week, U.S. Representative Michele Bachmann (MN-06) asked the U.S. Department of Housing and Urban Development to suspend and bar ACORN from its programs and funding