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The mortgage holder for a Morgan Communities-owned property in Watertown has initiated foreclosure proceedings, citing fraudulent activity and failure to make timely payments. Court papers filed in Jefferson County show that the trust company overseeing the mortgage on the Preserve ...

With the foreclosure sale of the Monarch 716 apartment complex in Buffalo less than two weeks away, another student housing community developed by DHD Ventures’ partners Thomas Masaschi and Jason Teller was repossessed in February and is headed to market ...

Tagged with: Real Estate

A Florida-based mortgage lending firm has filed suit against Robert Morgan, his nephew Kevin Morgan and a limited liability company they created, alleging fraudulent filings with regard to a mortgage-backed apartment community in Watertown. The suit seeks $2.5 million in ...

Tagged with: mortgage lending Real Estate

Sports betting could begin at New York’s four full casinos, including del Lago Resort & Casino in the Seneca County town of Tyre, by late May, but racinos and off-track betting locations will remain shut out of the action. The ...

A second of the four men indicted on federal bank and wire fraud charges involving Robert Morgan-owned Morgan Communities has pleaded guilty. Patrick Ogiony, a mortgage broker at Aurora Capital Advisors in Buffalo who worked closely with Morgan’s firm, accepted ...

Total foreclosure activity in the Rochester metropolitan area plummeted in January compared to the previous year, according to recent statistics compiled by Attom Data Solutions. The January report by Attom, curator of a comprehensive national property database, showed total foreclosure ...

Two Erie County residents who claim they were struck by an object that fell from the arena ceiling in November 2017 are suing the Buffalo Sabres, Pegula Sports and Entertainment and KeyBank Center. Kimberly A. Korzeniewski of West Seneca and ...

The vast majority of Rochester-area ZIP codes fared better than the national average when it comes to seriously “underwater” properties. The Year-End 2018 U.S. Home Equity & Underwater Report released this week by Attom Data Solutions revealed that 8.8 percent ...

Tagged with: Real Estate

Unemployment is low, companies are still hiring, consumer confidence is quite strong and a leading local economist believes the Federal Reserve may back away from interest rate hikes, yet the local housing market could remain stagnant because of the same ...

Robert Morgan says claims that he misappropriated funds within his real estate empire by hiding the proceeds from the sale of four apartment communities in Texas—accusations made by brother Herbert Morgan last summer—are “patently false.” Those mismanagement accusations were part of ...

Tagged with: Real Estate

Foreclosure filings in the Rochester area dropped significantly in 2018, with total activity reaching a six-year low. Default notices, scheduled auctions and bank repossessions totaled 2,267—or one in every 0.48 housing units—for the Rochester metropolitan statistical area, which includes Monroe, ...

Rochester real estate developer Thomas Masaschi is suing his partners in a housing development near the University of Rochester, claiming they fabricated tales of fraud in order to deprive him of $5 million in equity sale proceeds. The complaint, filed ...