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Fraudulent House Flipping in Philly Gets Delaware Man Jail Time: USDOJ Fraudulent House Flipping in Philly Gets Delaware Man Jail Time: USDOJ
Fraudulent House Flipping in Philly Gets Delaware Man Jail Time: Usdoj A Delaware man is facing jail time for fraud after flipping three Philadelphia properties he promised to convert into affordable housing, authorities said. Felton Hayman, 54, of Wilmington, was sentenced to a year and a day in prison and three years of supervised release for his scheme on Monday, Oct. 28, according to a US Department of Justice news release. Hayman used his longtime friendship with an unnamed Philadelphia city councilmember to purchase three vacant city properties at below-market prices based on his promise to build affordable housing on the lots, the news release states. …

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by Merriell Moyer
Real Estate
Entrepreneurs Struggling To Sell $27M South Jersey Mansion Prepare To Auction It Off Entrepreneurs Struggling To Sell $27M South Jersey Mansion Prepare To Auction It Off
Entrepreneurs Struggling To Sell $27M South Jersey Mansion Prepare To Auction It Off A massive South Jersey mansion that had been listed for just under $25 million is weeks away from being auctioned off. The home at 2801 Riverton Road in Moorestown was listed for a reserve price of $10 million with Kevin Steiger of Kurfiss Sotheby's International Realty.  The 40,000-square-foot mansion is owned by pharmacological entrepreneurs Calvin and Orsula Knowlton, who had been struggling to find a buyer, Steiger confirms.  The mansion epitomizes opulence with multiple elevators, four floors, six fireplaces, a pub or tavern, a home gym and sauna, pu…

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by Cecilia Levine
Real Estate
Tech Genius' $5.5M Mansion Hits New Jersey Market Tech Genius' $5.5M Mansion Hits New Jersey Market
Tech Genius' $5.5M Mansion Hits New Jersey Market A mansion inspired by Hindu architectural philosophy and once owned by a tech mogul is up for sale in Burlington County. The six-bedroom, 11-bathroom home is listed for $5.5 million and is located on Tom Brown Road in Moorestown, according to a real estate listing from Compass Realty's Melissa Young.  The 11,250-square-foot home was designed by Indian American tech mogul Dinesh Desai, the founder of Emtec who died in March, according to his obituary from Wooster Funeral Home. The home is compliant with Vastu, a Hindu system of interior design that intends to create…

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by Chris Spiker
Real Estate
$3.25M Home With Private Airstrip, Indoor Pool Hits Bucks County Market $3.25M Home With Private Airstrip, Indoor Pool Hits Bucks County Market
$3.25M Home With Private Airstrip, Indoor Pool Hits Bucks County Market A sprawling estate in rural Bucks County can be yours for a cool $3.25 million.  305 Elephant Path in Perkasie was listed for sale this week for the first time since 1999, according to its Zillow listing. The realtor is Ben Davies of Century 21 Longacre Realty. Built in 1989, the four-bedroom home features four and a half bathrooms across 7,900 square feet.  Inside, "grand living spaces" accompany a bar, wine storage, and an indoor swimming pool.  Elsewhere on the 15.10-acre lot are a detached three-car garage and a pond with a stream and a bridge. &…

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by Mac Bullock