Daily Briefing

DAILY BRIEFING

July 14, 2009

Judge finds for homeowner over foreclosure scam

A Baltimore homeowner who lost his house in a foreclosure assistance scam was awarded a $63,908 judgment Monday in Baltimore County Circuit Court. Judge Lawrence Daniels ruled in favor of the homeowner, David Moennich, who had filed a breach of contract lawsuit against defendant Michael Wolf in 2006. In his lawsuit, Moennich said that in 2004 when he was facing foreclosure, he signed over the deed to his $184,000 house to Wolf, who promised to prevent foreclosure and give Moennich a chance to buy back the house. But Wolf instead sold the home to someone else, said Michael Siri, an attorney with Towson-based Bowie & Jensen who represented Moennich pro bono.

- Lorraine Mirabella

New leader for Baltimore Army Corps of Engineers

The Baltimore District of the U. S. Army Corps of Engineers will see a change of commanders Friday, when Col. David E. Anderson takes over for retiring Col. Peter W. Mueller during a 10 a.m. ceremony at the Sheraton Baltimore City Center Hotel in Baltimore. As commander and district engineer, Anderson will oversee engineering, construction and real estate activities for the Army, Air Force and other Defense activities in the District of Columbia, Delaware, Maryland, Pennsylvania, West Virginia, southern New York and northern Virginia. He will also inherit one of the largest Base Realignment and Closure Commission missions in the Department of Defense, including more than $3 billion worth of construction at bases in Virginia, Washington, Maryland and Pennsylvania.

- Edward Gunts

Lender CIT in advanced talks seeking federal aid

NEW YORK - In a sign the financial crisis is not yet over, CIT Group Inc., the No. 1 lender to small and mid-sized U.S. businesses, is holding advanced talks with the government about receiving emergency federal assistance, officials said Monday. A main focus of the negotiations, which involve the Treasury Department and other agencies, is CIT's request to receive help through a Federal Deposit Insurance Corp. program that would guarantee the lender's debt, two sources said. They spoke on condition of anonymity because the talks continue.

- Associated Press

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