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Inside the Galveston Historic Homes Tour


GALVESTON, Texas - If shiplap, chandeliers, and original hardwood floors are your real-estate jam, then an upcoming event could have you switching off HGTV and taking a trip to Galveston. The Galveston Historical Foundation is holding its 43rd annual ...


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Fred Loewinger, 62, must also pay $1.4 million in restitution as part of the sentence handed down by Cuyahoga County Common Pleas Judge Timothy McCormick. Loewinger pleaded guilty in October to 25 counts that include racketeering, money laundering, theft by deception and tampering with recordsHe originally was indicted on 88 counts, but agreed to testify against eight co-defendants in a plea deal. The FBI and the Cuyahoga County Mortgage Fraud Task Force launched an investigation of Loewinger and his business, Independence-based Fast Mortgage Services Inc., in 2006 after a Plain Dealer investigation exposed Loewinger's corrupt practices. The newspaper found that Fast Mortgage had helped obtain mortgages in 21 home sales where the loan amount exceeded the sale price -- something the mortgage lenders in these transactions did not allowMost of the homes were in Cleveland. Prosecutors said Loewinger paid three people to recruit straw buyers to lend their names to home purchases and fraudulent loansLoewinger kept the difference between the loan amount and what the sellers received. A Northfield company, Titles Etc., acted as the escrow agent for all 21 of the dealsThe Plain Dealer found 88 sales for which Titles Etcserved as escrow agent and the loan amount was higher than the sales priceThe difference in those transactions totaled $2.6 million. The two owners of Titles Etc., brothers Mark and Mitchell Petti, also were indicted in the caseMitchell Petti, 39, of Sagamore Hills, was found guilty of 13 counts, including racketeering, after a five-day bench trial earlier this month and is scheduled to be sentenced March 14. Mark Petti, 44, of Sagamore Hills, was acquitted on all charges after a judge determined there was insufficient evidence to prove Petti knew the deals were fraudulent. Loewinger testified against them. window._taboola = window._taboola || []; _taboola.push({ mode: 'alternating-thumbnails-a', container: 'taboola-below-article-thumbnails', placement: 'Below Article Thumbnails', target_type: 'mix' }); if (pb_page_template == undefined) { var pb_page_template = 'article'; } if (pb_page_template != "index") { document.write('); } Metro Columnists Michael McIntyre's Tipoff Mark Naymik Phillip Morris Check out today's Plain Dealer's front page Updates posted daily Rock & Roll Hall of Fame 2.0 The Rock and Roll Hall of Fame is undergoing a massive transformation, with a fresh look and new exhibits and attractionsHere's the lowdown. EXPLORE Rock Hall captivates the senses with new Connor Theater Jonathan Demme's 'The Power of Rock Experience' is spellbinding Video tour of renovations, cafe, store, and more Everything to know about the Rock Hall's new All Access Cafe Rock Hall under CEO Greg Harris learns to live in the house Pei built 12 new things you'll see at the Rock Hall in 2017 • More dining guides & reviews » Active Discussions var slid_master_value = false; var signup_tracking = "News updates in your inbox_"; News updates in your inbox Get the latest news delivered to your inbox plus breaking news when it happens Leave this field blank    optional Check here if you do not want to receive additional email offers and information. See our privacy policy Thank you We look forward to sharing with you some of the great content found on cleveland.com To view and subscribe to any of our other newsletters, please click here. .multi_sponsor.adunit{float:left;padding:15px;} if (pb_page_template == "index") { document.write('); } else { document.write('); } /* */ resimg.resimf(); About Us About Cleveland.com About Advance Ohio Advertise with us Audience FAQ Contact Us Career Opportunities Community FAQ Subscribe The Plain Dealer Sun News eNewsletters Subscriber Service Media Insider Rewards View My Profile Pick up The Plain Dealer Report a Delivery Issue Place a Vacation Hold Make a Payment Cleveland.com Sections News Sports High School Sports Entertainment Living Politics Opinion Obituaries Jobs Autos Real Estate Rentals Classifieds Shopping Deals and Coupons Local Businesses Deals in Your Area Your Regional News Pages Beachwood Brunswick Lakewood Parma & Parma Heights Strongsville More Communities Mobile Mobile Apps More on Cleveland.com Videos Photos Interact with us Weather Post a job Post a classified ad Sell your car Sell/rent your home Sitemap & search Sponsor Content Follow Us Twitter | Facebook | Google+ | Instagram | Pinterest Advance Local Registration on or use of this site constitutes acceptance of our User Agreement and Privacy Policy

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