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FTC Sending $10 Million in Refunds to Real Estate Training Scam Victims

FTC Sending $10 Million in Refunds to Real Estate Training Scam Victims

by Phil Hall | Mar 25, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The Federal Trade Commission (FTC) is distributing more than $10 million in refunds to consumers who paid for a real estate investment training program that allegedly made empty promises about earning big profits by flipping houses. The FTC and the Utah Division of...
23-Year-Old Sought for Georgia Real Estate Scam

23-Year-Old Sought for Georgia Real Estate Scam

by Phil Hall | Mar 25, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Police in Gwinnett County, Georgia, are seeking a 23-year-old man for an online real estate scam. According to combined media reports, two victims were each scammed out of $100,000 in January 2023 after answering a Facebook Marketplace advertisement for the sale of a...
Bill Introduced to Remove Squatter Rights in New York

Bill Introduced to Remove Squatter Rights in New York

by Phil Hall | Mar 22, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

After news reports of a Queens homeowner getting arrested for changing the locks on her property to keep a squatter from accessing the house, a New York legislator has introduced a bill to keep squatters from claiming tenant rights. WABC-TV reported State Assemblyman...
NYC Homeowner Arrested for Trying to Evict Squatters from Her Property

NYC Homeowner Arrested for Trying to Evict Squatters from Her Property

by Phil Hall | Mar 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A New York City homeowner was arrested for attempting to evict squatters from her property. WABC-TV reported Adele Andaloro inherited her family’s home in the Flushing section of Queens and was in the process of selling it when she discovered two male squatters moved...
Cleveland Real Estate Developer Sentenced to 18 Months for Embezzlement

Cleveland Real Estate Developer Sentenced to 18 Months for Embezzlement

by Phil Hall | Mar 13, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Cleveland real estate developer was sentenced to 18 months in prison for embezzling funds intended for a community development project. According to court documents and trial testimony, Arthur Fayne owned and managed Business Development Concepts LLC (BDC), through...
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