USA Property

USA Property

Maryland man indicted for using fake ID to live in United States, receive retirement benefits

CBS News Baltimore Live A 73-year-old Maryland man, a Colombian national who authorities say illegally entered the United States in 1972, was indicted for using a fake birth certificate from Puerto Rico to create a fake identity to live in the country, according to the U.S. Attorney for the District of Maryland.Jorge Echeverri, of Port Tobacco, Maryland, has been charged with theft of government property, false statements, passport fraud, social security misuse, and false statements of citizenship.The indictment says Echeverri was deported three times but illegally re-entered the United States...
USA Property

Maryland man facing charges for lying about citizenship, illegally receiving retirement benefits

CBS News Baltimore Live A 73-year-old Maryland man has been charged with lying about his citizenship, misusing social security and committing passport fraud, according to the Maryland U.S. Attorney's Office. Jorge Echeverri is a Columbian national who officials believe entered the U.S. illegally in 1972. According to court documents, he was deported three times and illegally re-entered the country for a fourth time between 1985 and 1987. Echeverri allegedly used a fake birth certificate from Puerto Rico to create a fake identity before living as a U.S. citizen under the name Pedro Torres...
USA Property

Florida ‘Fallen Tree Act’ puts liability on tree owner for damages

Aerial video shows tornado damage amid Hurricane Milton aftermathMultiple tornadoes ripped through Florida ahead of Hurricane Milton, causing significant damage to buildings, trees and power lines.Florida lawmakers are considering a bill that would make property owners liable for damage caused by trees on their property, even if the tree falls on a neighbor's property.The proposed Fallen Tree Act would shift responsibility for tree maintenance and damage from the property owner where the tree falls to the property owner where the tree is rooted.The bill would also allow property owners to...
USA Property

Rising property taxes are forcing retirees out of some states

John Burns data scientist Ian Kennedy created the chart. According to Kennedy, the areas in dark red represent regions where property taxes exceed 2% of a home’s value. Conversely, property taxes in the beige regions account for less than 0.5% of a home’s value. “Property taxes are a huge expense, especially for retirees. We see a lot of retirement outmigration from the states in dark red on this map,” said John Burns, founder and CEO of JBREC. According to the analysis, the highest property tax rates are on the East...
USA Property

Maryland man indicted for theft of government property, passport fraud

A federal grand jury has indicted a Maryland man on charges of theft of government property, passport fraud, social security misuse, false statement of citizenship, and making false statements.If convicted, Jorge Echeverri, 73, of Port Tobacco, will face up to 10 years in prison for passport fraud and up to 10 years of theft of government property.According to the indictment, Echeverri, is a Colombian national, and entered the United States illegally in 1972.The indictment says Echeverri has been deported three times, but unlawfully re-entered the United States for a fourth...
USA Property

Six acres of prime George Town real estate on market for US$29.5 million

A six acre site in George Town is up for sale for US$29.5 million. - Photo: Lands and Survey Department The chance to shape the future of George Town could be yours — if you have a spare US$29.5 million. More than six acres of prime George Town real estate have been put up for sale, giving prospective owners the chance to make their mark on the Cayman Islands’ capital. The land, which is in four parcels along North Church Street and Bodden Road, is being marketed by RE/MAX Cayman...
USA Property

Nigeria politician owns real estate in North, South Carolina | Special Reports

Prominent Nigerian politicians accused of raiding government coffers in their country have family and corporate links to properties worth millions of dollars in the Carolinas, including a tract in Spartanburg with a $118,282 bill for back taxes and fees, according to records obtained by The Post and Courier’s Uncovered project and an international consortium of journalists.The findings highlight how powerful people from across the world, including some with checkered pasts, sink money into unexpected corners of the United States, including South Carolina. They also come at a pivotal time in the United...
USA Property

Nigeria politician owns real estate in North, South Carolina

Prominent Nigerian politicians accused of raiding government coffers in their country have family and corporate links to properties worth millions of dollars in the Carolinas, including a tract in Spartanburg with a $118,282 bill for back taxes and fees, according to records obtained by The Post and Courier’s Uncovered project and an international consortium of journalists.The findings highlight how powerful people from across the world, including some with checkered pasts, sink money into unexpected corners of the United States, including South Carolina. They also come at a pivotal time in the United...
USA Property

US Green Card Through Real Estate Investment: What Indian Investors Should Know

The EB-5 Immigrant Investor Programme is a US visa programme meant for foreign investors to obtain a Green Card by making a qualifying investment in the United States.Established in 1990, the programme aims to upgrade the US economy by attracting foreign capital as well as creating jobs for American workers.To qualify, investors must invest either $800,000 in a Targeted Employment Area (TEA) or $1.05 million in a non-TEA and create at least 10 full-time jobs for US workers.In recent years, Indian investors have increasingly turned to the EB-5 programme, recognising...
USA Property

Blackstone gets US$8 billion in commitments for property debt fund

BLACKSTONE secured about US$8 billion in capital commitments for a new real estate debt fund, the latest effort to seize on dislocations in the property market.Blackstone Real Estate Debt Strategies V can invest around the world with strategies including lending, liquid securities and structured solutions, according to a statement on Friday (Mar 7). The US commercial property market was walloped after the pandemic by the rise in remote work and high interest rates. With banks pulling back from the market, there’s been a financing gap that’s left owners struggling to refinance...
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