The inflated price deceived lenders, who approved loans for the buyers that were larger than the actual prices. The seller received the higher price gave a $30,000 kickback to the buyers at closing. The buyers defaulted on the home loans after the 2008 market crash, causing a loss to the lenders of $393,000. Engelmann testified that he believed it was appropriate, if unusual, for the deals to be structured with a “cash refund” to the buyers and he denied committing fraud. But the high court rejected that argument Friday, as the jury did in 2011. A federal appeals court has also upheld his convictions. Justice Thomas Waterman said that Engelmann made repeated misrepresentations that deceived lenders. As a sophisticated real estate attorney, Engelmann knew or should have known that the deals were unethical and refused to take part, he wrote. Engelmann collected only a $350 fee for each closing and did not otherwise benefit from the fraud. But Waterman said the crime nonetheless forced banks to suffer great losses. Engelmann had practiced law since 1976 with an unblemished disciplinary record, handling thousands of real estate transactions in the Quad Cities area of eastern Iowa and western Illinois. He is incarcerated at a prison in Terre Haute, Ind., with a projected release date of Oct.
Real Estate SEO Expert Added to Marketing Services Provided by REIRanker.com
The REI Ranker company is announcing its addition of a real estate SEO expert to its current team. This expert is a welcomed addition to the company staff to help expand property marketing solutions to companies at http://www.reiranker.com . This change to adding a property specific expert to the company team is expected to boost the rankings that are possible for client websites. The standard SEO services that many companies provided were affected by the Panda 2.1 and Hummingbird updates that Google announced earlier this year. The addition of the new REI Ranker company expert is expected to enhance the existing real estate marketing services offered. The shift to a new results oriented marketing platform is also a new concept that is offered to all clients going forward. These solutions have been added to the company detail pages online. “We’ve slowly built our team of experts in the real estate industry over the past several years and we’re confident our rankings will be improved for clients,” said a source a the REI Ranker company. The newly assembled marketing team that is currently attached to all marketing services offered at the REI Ranker company is now available for small and large companies. The 2013 modification to pricing and additional add-on services has leveled the package pricing for all companies. “We moved earlier this year to a different price point for packages and the expert team we’ve now assembled help guarantee our low pricing for clients,” the source included. Aside from the addition of new employees, several changes have taken place this month at the REIRanker.com website. Instead of a simple sign-up form offered to clients, a new review process is enabled for any person who submits a request for SEO services. This new solution guarantees a review by company staff to ensure SEO programs offered for real estate will fit into the needs of all interested clients. About REIRanker.com The REIRanker.com company provides small business search engine targeting services that are designed to be affordable and produce results for all clients.
Robert Baker a New York real-estate tycoon whose family has amassed stacks of degrees from the Ivy League stronghold has donated $25 million for a dormitory at Yale Law School. The gift will fund half of a project to buy and renovate a campus building into a complex that will house law students as well as administrative offices and seminar rooms. The new dorm opens in 2018. Despite the top US ranking of Yale Law School whose alumni include Bill and Hillary Clinton many graduates dont go into high-dollar professions, opting instead for public service and non-profit jobs, Baker said. Weve looked and looked, and could find no other major donor, he said. Baker earned his Yale law degree in 1977, 21 years after finishing college there.
Commercial real estate transactions
First St. in Garland from Altronic, LLC. Henry S. Miller Brokerages Dan Spika brokered the sale with Chris Stout of Jones Lang LaSalle. Environmental Logistics has purchased a 20,471-square-foot office building at 2605 Northaven Road in Dallas. Nathan Denton with Lee & Associates brokered the sale with Tracy Peterson with ReMax DFW. Modjarrad & Abusaad Law Firm has purchased an 11,420-square-foot office building located at 212 Spring Valley Road in Richardson. Kent Smith of NAI Robert Lynn brokered the sale with Hudson Peters Janice Peters and Michelle Hudson.
Real-estate tycoon gives Yale $25M to build dorm
The first such court has been planned for Thane and will start operations once it receives a green signal from the government, he added. The proposal will be placed before the state assemblies and will be discussed at the upcoming winter session. Samant said the amendments would also include cluster development. This will promote development and redevelopment of smaller areas, buildings, which can be developed jointly to make it into big projects. Pune: The residents and people affected with real estate issues may get a special redressal system which will take up their grievances. The state government has planned to set up special courts only to deal with real estate dispute and illegal constructions in the state, said Uday Samant minister of state for Urban Development. Samant was speaking with reporters on the sidelines of a programme organised to celebrate centenary year of establishment town planning department. He said that the state government has proposed amendments in the Maharashtra Regional and Town Planning Act (MRTP). The act, which was drafted in 1966 aims at better development of urban areas as per their regional specialties. These amendments are aimed to make town planning better and more citizen friendly. Establishments of the special courts is also one such amendment. “A number of disputes related to real estate are going up due to rapid urbanisation. Many disputes between tenants and owners take years to get sorted out. Such problems can be solved if there could be any mechanism specially dedicated to resolve this problems,” said Samant. He added that the first such court is planned in Thane.