According to the Sarasota Herald-Tribune, a Sarasota non-profit skirted around the law by creating an intricate non-profit foreclosure rescue program that used its client’s homes for a massive real estate scheme. The paper noted that:

Aleksandr Filipskiy, founder of Keeping Kids in Their Home Foundation Corp., managed to stall those defaults for years by routinely transferring properties to new shell companies and nonprofits he creates, and filing for bankruptcy protection under each entity to block the foreclosure proceedings.

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CFPB to consider changing or eliminating TRID rule

The CFPB has been taking a long, hard look at some of its rules and regulations. Next up on its list to review is TRID, and it looks like eliminating the rule entirely is not off the table.

Nov 20, 2019 By
3d rendering of a row of luxury townhouses along a street

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