An Orlando real estate broker was arrested in Miami FL. He is accused of running a $4million dollar Ponzi scheme selling fake properties to foreign investors. The charges include 17 counts of wire fraud. It has been under investigation for over a year. In 2015 Federal agents seized properties throughout Central FL. Victims of his scheme that have come forward are from Italy and Venezuela. Arraignment was scheduled for yesterday January 18th, 2017. "Orlando-area residents named in federal documents include Alfano, Victoriya Johnson, and Rasul Atakov, among others. They allegedly worked under business names such as Orlando Trust Properties and Golden … (0 comments)
orlandohomesales: Orlando real estate growing another Lake Nona.
- 01/19/17 07:08 AM
6,400 homes are coming to central Florida, including estates, town homes, and apartments. Mattamy homes, has their U.S. opereations based right here in Orlando FL, has just announced early this month that they are planning on building a community on the southeast corner of state roads 417 and the 528 near Lake Nona.
''The nearly 2,600-acre project — which in the past the developer described to Orlando Buisness Journal as a "mini Lake Nona"— is planned for 4,400 single-family homes and 2,000 apartments and about 500,000 square feet of retail/office uses at buildout.''
Mattamy Homes said in a news release. Communities amenities will … (0 comments)
orlandohomesales: Orlando Home Sales Lookout 2017
- 12/08/16 10:48 AM
In Orlando, home values went up a little over 10% in 2016. Zillow is predicting continued growth for the upcoming 2017 year with an estimated 6% increase. Interest rates are also expected to increase to 4.5% which may have a discouraging affect on first time homebuyers which tend to be primarily millennials. With the improved housing market, central Florida has made the top 10 list. Well to be specific, Orlando ranked 7th place for the “most promising housing markets in 2017”, according to Realtor.com 11/30/16). The site states that there will be an approximate rise of 5.7% in prices and 6.1% … (3 comments)
Real Estate Broker Ponzi Scheme
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