For those of monitoring the Cedar Funding implosion, it was not surprising to see that Cedar Funding, Inc. filed for Chapter 11 bankruptcy last week. Cedar Funding is now a Debtor-in-Possession (DIP), and no doubt David Nilsen will seek to remain in control of the organization, and avoid the receiver recently appointed by a California [...]
Tags:
Here in Northern California, we are all just wrapping up the mess that California Plan, Inc. made. Michael Schneider was convicted and only recently sentenced. He stole over $40M from investors, and was sentenced to 28 years. Schneider's fraud was typical in that all investors claimed Schneider had their trust and was like family to [...]
Tags:
Practicing real estate law in California can be a fun and diverse body of work. The downside is seeing the surge in mortgage fraud and how it especially preys on elders. As real estate values have risen, so too has the wealth of elders who have owned their homes for many years. Additionally, as they [...]
Tags:
Often times, a preliminary title report will show recent transfers. Generally, the prelim lists those made in the last two years. If it’s not on your title report, you should request it from your escrow officer. Why are previous transfers relevant? Frequent transfers are a red flag that any prospective buyer should be wise to [...]
Tags:
Today, a topic about something our firm is seeing altogether too much of these days–-Mortgage Fraud. Apparently, we are not alone as this column reports in the San Francisco Chronicle. Mortgage fraud can appear in many ways, the most common of which also involves financial abuse of elders. The Insider: Often, an elder may rely [...]
Tags:
