Jury Indicts IRS Officer in Mortgage Refi Scheme (WebCPA)
July 26th, 2009 adminMore info…
A federal grand jury has indicted an IRS revenue officer for pressuring delinquent taxpayers to refinance their mortages with a company for which he worked on the side so they could pay their outstanding tax debts.
Read the fine print in refinancing deal (The Charlotte Observer)
Q. Our lender (a big national bank) said they can help us refinance. We’d get an $82,000 loan, at 3.25 percent interest with no closing costs. The interest rate is tied to the prime rate. Our payments would be $389 a month and we can pay more if we like as long as we keep the loan with them for two years. They said if the prime rate goes up, we can lock in a rate. Is this a good deal?
2nd UPDATE: Yell Shares +21%: 1Q Better Than Expected, Refinance (Nasdaq)
LONDON -(Dow Jones)- Shares in directories company Yell Group PLC (YELL.LN) rose 21% Thursday, after the heavily-indebted firm posted a slightly better- than-expected set of first-quarter results and said its refinancing plans remain on track.
