Agency taking agents off other cases to staff ‘tremendous surge’updated 8:15 p.m. ET, Wed., April. 16, 2008

WASHINGTON - FBI Director Robert Mueller on Wednesday described a “tremendous surge” in mortgage fraud investigations that he said has diverted agents from other cases and is expected to keep growing.

At a Senate hearing, Mueller said the FBI is investigating an estimated 1,300 mortgage fraud cases — including 19 into sub-prime lending practices by U.S. financial institutions.

That’s up from three months ago, when FBI officials said they were investigating 14 companies for possible fraud or insider trading violations in connection with loans made to risky borrowers, and investments spun off of those loans.

Story continues .http://www.msnbc.msn.com/id/24165427/#storyContinued

May Be Temporary Phenomenon Powered by Low Interest

Rate Environment

(Grubb & Ellis Company, PNC Real Estate Finance Explore Whether

Office Condos are Here to Stay or Will Be Gone Tomorrow)

NORTHBROOK, Ill., (Dec. 14, 2005) – The continued low interest rate environment, business owners’

desire to own versus rent and financial benefits, have revived the office condominium market. However,

the jury is still out on whether the office condo market will continue to thrive long-term, according to a

new report issued today by Grubb & Ellis Company (OTC: GBEL), one of the nation’s leading real estate

services providers, and PNC Real Estate Finance, a member of The PNC Financial Services Group, Inc.

For the report, entitled “Office Condos: Here to Stay or Gone Tomorrow?” appraisers, developers and

brokers in 41 markets throughout the U.S. were surveyed in order to understand the office condo market

of today and potential for the future. The report’s co-authors Robert Bach, National Director of Market

Analysis for Grubb & Ellis, and Elizabeth Ptacek, Senior Analyst, Market Research at PNC Real Estate

Finance, define an office condo as an office building with two or more suites that are individually owned.

The owners of the individual suites own the remainder of the property in common.   ………..READ MORE………http://www.realestatenewsusa.com/pdf/Document1.pdf

Pollack, Pollack, Isaac, DeCicco, LLP is an experience Real Estate Law Firm. Contact us for legal help regarding any real estate needs.