Hard Money Lender Convicted in Ponzi Scheme

Thomas Franklin Tarbutton, 56, Newport Beach, California,a hard money lender, was convicted by a jury of embezzling over $3 million from investors in a Ponzi real estate-mortgage investment fraud scheme. Between 2004 and 2010, Tarbutton operated Villa Capital Inc. as a hard money lender who solicited money from private investors for borrowers looking for funds […]

When the Appraisal is Wrong, the Lender Holds the Bag

The Bankruptcy Code allows an insolvency trustee to surcharge a loan providers security when the price will certainly profit the loan provider as well as there is additionally profit to the insolvency estate. The insolvency code permits personal bankruptcy trustees to recuperate the fairly needed expenses of maintaining a loan providers security from the security […]