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Foxton's Under Investigation In U S

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Foxtons faces big US fines

Dominic Prince, Mail on Sunday

2 April 2006

JONATHAN Hunt created the Foxtons estate agency empire in his own image - ruthless, single-minded and highly successful. And the rewards have been substantial. His £350m fortune has enabled him to buy Heveningham Hall, a gigantic mansion in Suffolk, and a house in Kensington Palace Gardens, London's most exclusive street.
The New Jersey Department of Banking and Insurance is investigating Foxtons' North American mortgage brokerage, Foxtons Financial Inc, which allegedly failed to disclose mortgage application fees to borrowers.
Foxtons has said that if it loses the case, there 'will be a cost of $2.8m (£1.6m) in addition to the suspension or revocation of the mortgage broker licence'.


I wonder of they say the BBC report? Not much will happen in the UK as EAs are part of the Economic Miracle. :lol:


"Not that it stopped Campbell's erstwhile boss Tony Blair from using Foxtons to try to find a tenant for his house in Connaught Square, near Hyde Park."

Seems that the PM use this outfit for his private business--not much chance of any follow up there then.

Edited by Realistbear

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Snap! :lol:

That was a close one but you got there first...

Yup! What great news--it will be interesting to see how many other crooks will be investigated as the HPC continues.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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