Property Owner

New York • Citigroup has agreed to pay $158.3 million to settle claims that its mortgage unit duped the U.S. government into insuring risky mortgage loans for over six years.

The government said Wednesday that Citi Mortgage certified 30,000 mortgages for insurance provided by the Federal Housing Agency and submitted many certifications that were “knowingly or recklessly false.”

More than a third of those mortgage loans went into default, resulting in millions of dollars in losses for the government because of the insurance claims.

“For far too long, lenders treated (the government) insurance of their mortgages like they were playing with house money,” Manhattan U.S. A

Read full article…

The REINZ Property Press Auckland Superstars Breakfast was held at the Ellerslie Event Centre on Tuesday morning, featuring Rohan Thompson from Ray White Royal Oak.  Rohan is currently number 2 for Ray White.  Other speakers included Craig Smith from LJ Hooker Titirangi, Blair Haddow from Bayleys Real Estate, Matty Ma from Harcourts Albany and Sherran Vause of Crockers Property Management.

After the opening address, the questions turned to the use of technology within the business of a high performing agent. Rohan Thompson commented that technology is an increasingly important piece to the success of marketing and communicating in real estate, but there still needs to be a high face-to-face rate linked with telephone communication. W

Read full article…

John O’Brien is a Register of Deeds based in Salem, Massachusetts. Instead of burning witches, OBrien believes we should investigate the people who created the notes and documents that have now destabilized the entire property records system. He also believes those who are guilty of criminal conduct should go to jail and not merely face fines.

The Massachusetts official is turning over nearly 32,000 documents to state prosecutors on the grounds that they may be improper. A

Read full article…

If you’ve even scratched the surface of business plan writing, you’ll notice that there are a few of different structures and purposes for a business plan. You can typically categorize them in three buckets – the master plan and getting the money plan (these are typically required for loan apps) and the plan you present to potential investors.

So, how do you choose which structure to use? The simple answer is that you need all three. Start with the master plan and design a getting the money plan from it. You w

Read full article…