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Rhode Island Housing’s Message to Homebuyers: Now is a Great Time to Buy, if You Buy Smart
February 3, 2010 Posted by Rhode Island RealEstateRama
Providence, RI - February 1, 2010 - (RealEstateRama) — At a time when so many Rhode Islanders are in need of a safe, healthy home that they can afford, Rhode Island’s unsettled economy continues to be a strain on many.
Federal Funding to Bring Homes, Jobs and Mortgages to Rhode Island
January 26, 2010 Posted by Rhode Island RealEstateRama
Providence, RI - January 25, 2010 - (RealEstateRama) — As Rhode Island and the rest of the nation continue to battle a troubled economy, the federal government is recognizing the important role that Rhode Island Housing and other Housing Finance Agencies (HFAs) throughout the nation are playing in the nation’s recovery efforts.
Assembly overturns veto of foreclosure information bill
January 7, 2010 Posted by Rhode Island RealEstateRama
Providence, RI - January 6, 2010 - (RealEstateRama) — Homeowners facing foreclosure are often desperate for help, but don’t know where to turn.
Former Johnston Woman Pleads Guilty to $1.7 Million Mortgage Fraud Scheme
October 5, 2009 Posted by Rhode Island RealEstateRama
Boston, MA - October 2, 2009 - (RealEstateRama) — Lisa Torres, 40, formerly of Johnston, pleaded guilty today to a $1.7 million mortgage fraud scheme in which she purchased properties that had recently been foreclosed upon, and then used the names of straw purchasers in sham sales to finagle mortgage financing.
Reed Encouraged By Administration’s Efforts to Help Homeowners by Demanding More Accountability from Banks and Loan Servicers
July 13, 2009 Posted by Rhode Island RealEstateRama
WASHINGTON, DC - July 10, 2009 - (RealEstateRama) – As foreclosure rates around the country continue to rise, it has become increasingly difficult for many homeowners seeking to modify their mortgages to get a hold of their loan servicers.
Rhode Islanders Falling Prey to Mortgage Modification and Foreclosure Rescue Scams
June 22, 2009 Posted by Rhode Island RealEstateRama
Providence, RI - June 22, 2009 - (RealEstateRama) - Scams that promise to “rescue” troubled homeowners from foreclosure are popping up at an alarming rate nationwide. Here in Rhode Island, which is currently ranked 10th in the nation for foreclosure activity, distressed homeowners are at particularly high risk of predators.
Defendant Pleads Guilty to Wire Fraud Relating to Mortgage Fraud Scheme
June 10, 2009 Posted by Rhode Island RealEstateRama
Boston, MA - June 9, 2009 - (RealEstateRama) – Pasquale Scavitti, III, age 46, resident of Cranston, Rhode Island, pleaded guilty today to Wire Fraud. Scavitti admitted that between 2003 and August 2008 he unlawfully diverted mortgage funds that were wire transferred into his client office account to his own personal benefit, resulting in losses in excess of $2.5 million.
