Buyer Offered $11,000 Above The Asking Price For A 2,200 Square Foot Loft In Carlaw Avenue

October 30, 2009
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About ten years ago, Carlaw Avenue was not really a known location for loft seekers but this year, one loft buyer has offered as much as $11,000 on top of the $669,000 asking price of this condominium unit at 326 Carlaw Avenue, Toronto.

This No. 109 unit is located within a residence in Leslieville called as iZone Lofts. The loft itself features a combined living and dining area which are lightened up by the south facing windows and skylights. This unit also includes a kitchen with stainless steel appliances and custom cabinetry, and open space with study area, den, and entry to a bathroom with laundry machines. The main floor of…

Retired Chicago Blackhawks Skater Sold His Lincoln Park House For $2,725M

October 30, 2009
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Alex Zhamnov played for NHL’s Chicago Blackhawks from 1996 to 2004 and retired from playing in 2006. He currently works as a coach for a Russian hockey team but aside from these, he is also being featured here for selling his house in Lincoln Park for $2,725,000.

Alex Zhamnov and his wife acquired this neo-Victorian style house back in 2001 where they paid as much as $2,100,000. Before selling the house for the said price, the couple had initially listed it in 2008 for about $3,250,000 which they eventually trimmed down to $3,125,000. This three-storey house was built in 2001 and measures about 3,948 square feet. Zhamnov’s house is constructed with…

Man From Florida Convicted Of Mail Fraud; Awaits Sentencing

October 30, 2009
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After being indicted together with his co-defendants back in January 2009, a man from Miami, Florida, named as Noel Albanes-Gomez, was finally convicted and awaiting sentencing for charges including conspiracy to commit mail fraud and substantive mail fraud.

According to the evidence presented on the trial, Noel Albanes-Gomez purchased a house at Chello Lane in Port St. Lucie as requested by his co-defendant Elieser Pupo. During the purchasing processes, Albanes-Gomez used fraudulent mortgage loan application that contains false information including his intention to use the property, and his false income and employment documents. This fraudulent loan application was prepared by his co-defendant identified as Magalys Fajardo. Elieser Pupo used the house…

Founder And Publisher Of Rolling Stone Purchased A Waterfront Mansion For $11,9M

October 30, 2009
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The founder and publisher of Rolling Stone, known as Jann Wenner, is being featured today for his purchase of a waterfront home at Old Montauk Highway in New York, on Long Island’s South Fork together with his partner Matt Nyre. According to reports, Wenner paid as much as $11,900,000 for this house.

According to records, this 6,300 square foot mansion was initially listed for approximately $14,900,000 before Wenner acquired it for the said amount. The house was built in 2005 and is furnished with six and a half bathrooms and eight bedrooms. This also features stone fireplaces and high domed ceilings in the living and dining rooms, eating area within a…

Two-Storey House In Bude Street, Toronto Sells $300,000

October 30, 2009
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With the economy becoming really unstable these days, only few first-time homebuyers are in hunt for purchasing homes. However, the buyers of this residential property that we are featuring today can consider themselves lucky as they could get this two-storey house for just $300,000.

The house is located at 90 Bude Street, Toronto and is situated within a community bounded by well-kept homes. This fifty year old house is accessible and just few walks away from bus routes, parks, and several schools. The house itself is constructed with solid bricks and features a main floor with three piece baths, full kitchen, and dining room and eat-in kitchen with ceramic flooring. The…

Nigerian National Mortgage Broker Sentenced For A Mortgage Fraud Scheme

October 30, 2009
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A mortgage broker, who is also a Nigerian national from Washington D.C., was sentenced to one year and six months imprisonment with five years supervised release and restitution amounting to $2,165,191. These rooted from his involvement in a mortgage fraud scheme that defrauded lenders.

This licensed mortgage broker, named as Sidney Okosun, was responsible for submitting fraudulent loan applications and documents of straw buyers to several lending companies which resulted to nine transactions involving as much as $2,165,191 fraudulently acquired mortgages. It was said that Okosun received commissions for these transactions which amounted to $33,000. These loans were supposed to be used for purchasing properties owned by his co-defendant Oladipo Olafunmiloye…

Chicago Bears Quarterback Jay Cutler Puts Two Of His Properties In Colorado On The Market; Rents A House In Lake Forest

October 30, 2009
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Jay Cutler is now playing as a quarterback for the Chicago Bears after being traded from Denver back in April. Since he has not yet purchased a home in Chicago, he decided to rent a home in Lake Forest and place his two properties in Colorado on the market.

The Lake Forest house that Jay Cutler is currently renting for $3,750 a month was built in 2007 and is furnished with three bedrooms, three and a half bathrooms, hardwood flooring, two fireplaces, gourmet kitchen, and basement with high ceilings. But aside from these, he is also putting two of his residential properties in Colorado on the market which includes the 7,516…

Residential Property In A Family-Oriented Community Sells For $490,000

October 30, 2009
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Here’s another residence situated in a family oriented neighborhood which also offers a child-friendly environment. This time, the house is located at 86 Castlegrove Boulevard, Toronto and sells for as much as $490,000.

This residential property is found on a 10,780 square foot grassed lot with backyard deck, pond, shed, and perennial gardens and tall trees which can surely entertain children or adults. This home is also well located near several schools, public transit, community centers, parks, Donalda golf and country club, shops at Don Mills, and Don Valley parkway. Built in late 1950s, the house is provided with two full baths, open principal rooms, and four bedrooms. Aside from these,…

Virginia Man Sentenced to 240 Months for Mortgage Fraud

October 30, 2009
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A man from Newport News, Virginia named as Richard Garries was sentenced for the charges connected to a highly structured mortgage fraud scheme that he implemented along with other conspirators. He was convicted of conspiracy, money laundering, manufacturing of fraudulent statements, mail fraud, and wire fraud.

The evidences presented on the trial say that Richard Garries conspired with others from 2005 until 2008 to make money by flipping or reselling homes to buyers whom they contracted using false promises. Aside from these, Richard Garries also manufactured fraudulent loan applications which include the inflated bank account balances and income of the buyers to qualify and secure loans from lenders. These loans were…