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Madoff Trustee to Hire Law Firm to Recover Massachusetts Homes

The liquidator of Bernard Madoff’s firm, who is trying to take possession of homes of the con man’s family members and spouses that were allegedly bought with funds from Madoff or his defunct brokerage, is seeking to hire a law firm with special knowledge of Massachusetts law, where some of the property is located, he said in the bankruptcy court filing in Manhattan.

Madoff trustee Irving Picard amended a lawsuit against the family in May, adding spouses and ex-spouses Susan Elkin, Stephanie Mack and Deborah Madoff as defendants.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Stephen Farr at sfarr@bloomberg.net

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Personal Finance Best Sellers From Amazon

Key Rates

  • Mortgage
  • Home Equity
  • Savings
  • Auto
  • Credit Cards
Today’s national average mortgage rates. Rates may include points.
Type Today 1 Mo
30 Year Fixed Jumbo 3.99% 3.95%
30 Year Fixed 3.65% 3.51%
15 Year Fixed 2.80% 2.74%
10 Year Fixed 2.89% 2.97%
30 Year Fixed Refi 3.64% 3.50%
15 Year Fixed Refi 2.79% 2.71%
5/1 ARM 2.59% 2.61%
5/1 ARM Refi 2.60% 2.56%
View rates in your area »

Source: Bankrate.com

Today’s average home equity rates nationwide.
Type Today 1 Mo
$30K HELOC 5.35% 5.24%
$50K HELOC 4.56% 4.60%
$75K HELOC 4.57% 4.54%
$100K HELOC 4.27% 4.27%
$30K Home Equity Loan 5.95% 6.06%
$50K Home Equity Loan 5.97% 6.02%
$75K Home Equity Loan 5.94% 5.98%
$100K Home Equity Loan 5.80% 5.84%
View rates in your area »

Source: Bankrate.com

Today’s average savings rates nationwide.
Type Today 1 Mo
5 Year CD 1.23% 1.21%
2 Year CD 0.72% 0.66%
1 Year CD 0.59% 0.52%
MMA $10K+ 0.47% 0.50%
MMA $50K+ 0.69% 0.71%
MMA Savings Jumbo 0.58% 0.60%
View rates in your area »

Source: Bankrate.com

Today’s average auto loan rates nationwide.
Type Today 1 Mo
60 Months Used Car 2.97% 2.94%
48 Months Used Car 2.92% 3.12%
36 Months Used Car 2.88% 2.96%
72 Months New Car 2.45% 2.98%
60 Months New Car 2.53% 2.68%
48 Months New Car 2.44% 2.60%
60 Months Auto Refi 4.15% 4.37%
36 Months Auto Refi 3.60% 3.77%
View rates in your area »

Source: Bankrate.com

Today’s average credit card rates nationwide.
Type Today 1 Mo
Standard Variable 14.12% 14.12%
Standard Fixed 13.23% 13.23%
Gold Variable 12.70% 12.70%
Gold Fixed 11.99% 11.99%
Platinum Variable 15.53% 15.46%
Platinum Fixed 12.70% 12.70%
View rates in your area »

Source: Bankrate.com