Elderly residents may lose home of 50 years after falling victim to reverse mortgage scam

CHICAGO — The story is all too familiar: homeowner Kerwin Cockrell said in 2014 a knock on the door of his West Humboldt Park home was followed by promises of a free home repair program. 

“Young lady came out with a flyer, asking people if they needed work done on the house, you didn’t have to have no money; just call that number and talk to Mark, Mark Diamond,” Cockrell said.

It’s a scam Diamond had been running for years: preying on elderly, black homeowners with promises of a free home repair program that in reality was a reverse mortgage. 

Kerwin Cockrell and his brother Bruce eventually agreed to sign up to get work done on their home in 2014. 

“He started working on the house, putting a new roof on the house and after that you couldn’t find him, you call him and he wouldn’t show up,” Cockrell said.

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Historic Colorado Redstone Castle on market for $16.9 mill

One of the most glamorous, architectural wonders in Colorado is on the market — for a little less than $17 million.

The famous Redstone Castle, which rests about an hour outside of Aspen in Redstone, was built in 1902 and fully restored in 2018 by current owners April and Steve Carver, who said they had admired the historic building from afar before stepping in to give it a makeover. At first, the structure seemed out of their financial reach as they spent years restoring another Colorado wonder — the Hotel Denver.

“Then we watched it sell for $6 million and said nope, not in our reach,” Steve Carver said to The Colorado Sun. “Then we watched it sell for $4 million and said nope, still not there. And then we got a card in the mail that they were having an auction with a minimum bid of $2 million.”

The

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DOD Contractor Cybersecurity Rule Brings New FCA Risks

Law360 (October 21, 2020, 5:24 PM EDT) — The U.S. Department of Defense recently published an interim rule to establish new methods for assessing contractor implementation of cybersecurity requirements.[1] The interim rule presents new and significant areas of potential liability for contractors under the False Claims Act.

Most notably, the interim rule will require many contractors to conduct a self-assessment of their cybersecurity and submit, as a condition for award, a summary-level score reflecting the state of their compliance. This requirement creates FCA risks that contractors should fully understand and appreciate before the interim rule takes effect on Nov. 30, and which may require prompt action thereafter to enhance…

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In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the

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Office Properties Income Trust Announces Sale of Four-Property Business Park for $25.1 Million

Office Properties Income Trust (Nasdaq: OPI) today announced that it has completed the previously disclosed sale of a 171,061 square foot, four-property business park located in Fairfax, VA for $25.1 million, excluding closing costs. Proceeds from today’s announced sale will be used for general business purposes.

David Blackman, President and Chief Executive Officer of OPI, made the following statement:

“We are pleased with our ability to continue to execute on our capital recycling program to further support our low leverage and strong liquidity throughout the ongoing pandemic and resulting economic challenges. We remain focused on the health of our business and believe we are well positioned to advance our strategies as market conditions recover.”

Office Properties Income Trust is a real estate investment trust, or REIT, focused on owning, operating and leasing buildings primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI

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‘It’s so disrespectful’: Language dispute at Quebec condo building over COVID-19 sign – Montreal

Melina Migiakis is furious with the administration at the Ahuntstic-Cartierville condo building her elderly grandparents call home over posted signs about COVID-19 restrictions.

“It’s so disrespectful. It’s so degrading,” she told Global News.

Her anger was sparked by signs explaining COVID-19 measures banning people from accepting most visitors, written in French only. Her Greek immigrant grandparents don’t have a strong understanding of French.

READ MORE: Montreal ‘progressing in the right way’ as coronavirus cases start to plateau, officials say

“We saw the signs about COVID-19 in the elevator. My mother and I had written on the note: ‘English, please.’ You know, we even called them. He never got back to us,” she said.

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VCs say big tech often helps startups, challenging House lawmakers

  • When House lawmakers released a 449-report earlier this month calling for new antitrust legislation against big tech companies, it lambasted Google, Apple, Amazon, and Facebook for contributing to an innovation “kill zone” that it said hurts startups. 
  • But a growing number of VCs and industry leaders are challenging such claims, calling them misleading.
  • VCs say that practices like acquisitions, which the report wants to make more difficult for large tech companies to do, actually benefits startups. 
  • They also point to data showing that the rise in venture capital funding in recent years has accompanied the rise of big tech.
  • Visit Business Insider’s homepage for more stories.

Buried in the sprawling, 449-page Congressional report spearheaded by House Democrats about regulating big tech is a recommendation that is making the venture capital world very nervous. 

To make it harder for big tech companies to snuff out young, upstart competitors by buying them,

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This Vertical Climber Is On Sale For $100 Off And Fans Say It’s A Beast

Photo credit: Christine Giordano
Photo credit: Christine Giordano

From Women’s Health

If you’re looking for a way to do more cardio at home, we’ve got your solution. Run and snatch up the MaxiClimber Vertical Climber today. It’s currently on sale for 33 percent off on Amazon.

The MaxiClimber requires you to use all your muscles: core, legs, arms—you name it. So it’s a great way to get a total-body workout without leaving the house. This particular climber is suitable for all fitness levels and comes with a companion app to help you track your progress.

The climber also folds down, making it ideal for smaller spaces. It’s height-adjustable and lightweight, so moving it around shouldn’t be too much of a hassle.

Though you’ll get a low-impact workout from using the vertical climber, reviewers say you should also prepare for some intensity.

“Alright, this simple looking machine will KICK YOUR BUTT! I am an avid

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Paul Singer’s Elliott Management Moving Head Office to Florida

Paul Singer

Photographer: Patrick T. Fallon/Bloomberg

Florida is luring its biggest name yet in hedge funds: Paul Singer’s Elliott Management Corp.

The $41 billion firm plans to move its headquarters to West Palm Beach from Midtown Manhattan, according to people familiar with the matter, joining a growing list of funds that have relocated to the Sunshine State.

With no individual income taxes, estate taxes or capital gains taxes, Florida has become a hot destination for hedge funds in recent years. The Covid-19 pandemic has accelerated that shift away from New York, the initial epicenter of the U.S. outbreak.

Singer’s co-chief investment officer and expected successor, Jon Pollock, owns a home near West Palm Beach and has been living there during the pandemic, said the people, who asked not to be identified because the information is private. The now-permanent move by Pollock, as well as several other

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Amid Wisconsin coronavirus outbreak, researchers explore link between college cases, nursing home deaths

For most of 2020, La Crosse’s nursing homes had lost no one to covid-19. In recent weeks, the county has recorded 19 deaths, most of them in long-term care facilities. Everyone who died was over 60. Fifteen of the victims were 80 or older. The spike offers a vivid illustration of the perils of pushing a herd-immunity strategy, as infections among younger people can fuel broader community outbreaks that ultimately kill some of the most vulnerable residents.

“It was the very thing we worried about, and it has happened,” Kabat said.

Local efforts to contain the outbreak have been hamstrung by a statewide campaign to block public health measures, including mask requirements and limits on taverns, he added. “Your first responsibility as a local government is really to protect the health and safety and welfare of your residents,” he said. “When you feel like that’s not happening and you have

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Nuveen JV buys 400-unit affordable apartment portfolio

Asset management giant Nuveen has partnered Hudson Valley Property Group LLC (HVPG) to buy a 412-unit affordable apartment portfolio in Jersey City.

The venture paid $127 million for the the assets, which were sold by a local, family-owned business.

The four properties are subsidized through US Department of
Housing and Urban Development (HUD) project-based Section 8 contracts.

They are Van Wagenen I Apartments (233 units), Van Wagenen
II Apartments (114 units), Bergen Manor (40 units) and Kennedy Manor (25
units).

The acquisition is the first phase of a $145 million social impact investment the partners said will help  preserve New Jersey’s aging supply of affordable housing without relying on limited state public funds.

Van Wagenen Apartments

“The previous owners and their dedicated team took great pride
in providing much needed affordable housing for families throughout New Jersey,”
said Jason Bordainick, managing partner, HVPG.

“We are excited to be able to

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