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Repossessed Homes Norfolk Virginia


Norfolk man sentenced in mortgage fraud scheme  ALEXANDRIA, Va. -- A mortgage broker from Norfolk has been sentenced to four years in federal prison in a mortgage fraud case involving a home in northern Virginia.

Regulators shut down Ameribank in West Virginia  WASHINGTON -- Federal regulators have shut down Ameribank Inc., a small bank in West Virginia, saying it overextended loans for the rehabilitation of distressed properties.

In Norfolk, Va., College Students Struggle To Vote  In 1979, the Supreme Court guaranteed students the right to vote in the communities in which they attend school. But election officials can make it difficult. In Norfolk, Va., the local registrar has reportedly barred students who live in dormitories from registering to vote.

Companies step in after foreclosures put families elsewhere  Michigan's glut of foreclosed homes means green for the companies that maintain these properties. Five Brothers Mortgage Co. in Warren, which offers banks upkeep services on foreclosed homes, has seen its business triple in the last five years.

Homes near Ore Lake suffer flood damage  Hamburg Township officials on Friday reported 58 homes near Ore Lake in Livingston County suffered flood damage after heavy rains last weekend swelled the lake and Huron River. Earlier this week, inmates from the county jail helped residents sandbag around homes and flood sites. The American Red Cross says flooding Sunday caused $300,000 in damage to its Howell offices.

$800-bn plan to help people with high-cost mortgages stay in their homes  US Treasury Secretary Henry Paulson is sending a financial-rescue plan worth about $800 billion to Congress as Democrats prepare to turn it into a vehicle to help people with high-cost mortgages stay in their homes.

Renaissance Homes Headed for Bankruptcy  Renaissance Homes, http://www.renaissance-homes.com one of Oregon���s biggest home builders, will soon file for Chapter 11 bankruptcy, The Oregonian is reporting http://www.oregonlive.com/business/index.ssf/2008/09/highend_oregon_builder_renaiss.html.

Regulators shut down Ameribank in West Virginia  Federal regulators have shut down Ameribank Inc., a small bank in West Virginia, saying it overextended loans for the rehabilitation of distressed properties. It was the 12th failure this year of a federally insured bank. The Federal Deposit Insurance Corp....

Bonds to assist in paying for homes   Beacon Journal staff report The Summit County Port Authority has voted to issue $12.5 million in tax-exempt bonds to help people facing foreclosure on their homes.

Va. man sentenced in mortgage fraud scheme  ALEXANDRIA, Va. A mortgage broker from Norfolk has been sentenced to four years in federal prison in a mortgage fraud case involving a home in northern Virginia.

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