LI Lawyer Blew Client's $30K Escrow On Personal Expenses, DA Says
A former Long Island attorney is facing serious charges allegedly stealing $30,000 from a real estate escrow account, prosecutors alleged.
Marco Materassi, 58, of Dania Beach, Florida, was arraigned on grand larceny charges in Suffolk County Court on Friday, June 20, following an investigation into a 2024 home sale gone wrong.
Materassi, formerly the principal attorney at Materassi Legal, P.C. in Great Neck, was acting as the seller’s attorney in the transaction and agreed to hold the buyer’s $30,000 down payment in escrow until closing, according to the Suffolk County DA’s office.
But wh…
Newark Home Listed For $1 — Yes, That's Right
A Newark home can be yours, as long as you have a dollar to spare.
The house at 28 Reynolds Pl. has been listed for $1. And while you probably can't own the home for a simple George Washington, it's created quite a stir on the real estate market.
Brendan DaSilva, who listed the 3-bedroom, 2-bathroom home, said he has seen homes suffer from being overpriced, but never saw a listing suffer from being undervalued.
"The market dictates value, regardless of the listing," DaSilva, who has sold nearly 1,000 homes, 400 in Newark alone, said.
Since the $1 listing went up, DaSilva said he receives …
