User: demo Topic: Housing
Category: Foreclosure Impacts on Renters
Last updated: Feb 28 2015 02:38 IST RSS 2.0
 
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Chicago's problem landlord list has problems of its own 28.2.2015 Chicago Tribune: Business
The 25-unit apartment building that hugs a corner in Chicago's West Garfield Park neighborhood failed almost 50 inspections during a nine-year period. In late January, the building and its owner landed on the city's first list of "problem" ...
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Seattle home price gains strengthening 24.2.2015 Seattle Times: Top stories
Home prices in the Seattle metro area jumped 1.2 percent in December from the previous month, one of the strongest gains in the nation, according to the S&P/Case-Shiller 20-city index released Tuesday.
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Seattle home price gains strengthening 24.2.2015 Seattle Times: Real Estate
Home prices in the Seattle metro area jumped 1.2 percent in December from the previous month, one of the strongest gains in the nation, according to the S&P/Case-Shiller 20-city index released Tuesday.
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U.S. rents up in January 21.2.2015 Durango Herald
WASHINGTON – U.S. home rental prices rose at a steady rate in January, but prices barely budged or even dipped in parts of the Midwest and Mid-Atlantic. Real estate data firm Zillow said Friday that prices increased a seasonally adjusted 3.3 percent in January compared with 12 months earlier. But some major cities are finding...
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Home sales in the Twin Cities off to a strong start 13.2.2015 Star Tribune: Business
Pending sales rose, signaling an early thaw to winter’s lull in home sales.
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A Needless Default 9.2.2015 American Prospect
AFTER HER STROKE, Alice Emile of Freeport, New York, wanted to die at home. On April 24, 2009, she passed away quietly at the age of 74. Her son Darrell Emile, executor of the estate, had to close the reverse mortgage she took out in 2006, which had passed into the hands of Bank of America. A Bank of America representative told Emile he would receive a payoff document within six months, and have six additional months to determine the best way to settle the account. This is considered standard for reverse mortgage closings. But in October 2009, a bank representative claimed that they had never received word that Emile’s mother had died (even though, by this time, the bank was addressing letters about the house to “the Estate of Alice Emile”). After Emile faxed Bank of America the death certificate, for what he says was the third time, the bank informed him that the account was in default. Emile had the money to settle the mortgage, and would have had he simply received a payoff document. But Bank of ...
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First homeless Youth Shelter to open in “African suburb” of Brooklyn Park 2.2.2015 Twin Cities Daily Planet
Mshale The first of its kind in a Minnesota suburb, a homeless shelter for youth in the City of Brooklyn Park, will open tomorrow (Saturday, Jan. 31) during an open house to celebrate the achievement. MORE » The first of its kind in a Minnesota suburb, a homeless shelter for youth in the City of Brooklyn Park, will open tomorrow (Saturday, Jan. 31) during an open house to celebrate the achievement. Brooklyn Park and the surrounding northwest suburbs referred to as the “African Suburb” is home to the largest concentration of African immigrants in the state that are homeowners. Called Brooklyn Avenues, it is a 12-bed, short-term shelter and transition housing program, for teens aged 16 through 20. The Minneapolis nonprofit, Avenues for Homeless Youth, will run the shelter built by the City of Brooklyn Park through its Economic Development Authority at a cost of $950,000. The City will lease it to Avenues for $1. The grand opening ceremony on Saturday will be open to the public in the form of an open house ...
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North Minneapolis housing market takes a turn for the better 17.1.2015 Star Tribune: Local
As housing market brightens, city considers reviving some stalled redevelopment projects
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Foreclosures decline, driving up prices 16.1.2015 Chicago Tribune: Popular
Tanis Group Realty's quarterly bus tours of foreclosed homes for sale still draw a big crowd of potential buyers but the pickings just aren't what they once were and the prices tend to be ...
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Remedy for an Ailing Civil Justice System: Preventive Legal Care 14.1.2015 American Prospect
(iStockPhoto/© bbbrrn) We’ve come to recognize the value of preventive medicine as a society. We know that patients do better and our government saves money when people get annual check-ups and screenings, diabetics have access to regular treatment and women receive proper prenatal care, so that we are able to avoid the costly and sometimes deadly issues that arise if we wait until they arrive in the emergency room. What would it look like if we took the same approach for legal help? What if we recognized that people are more likely to be able to stay in their homes if they have access to adequate legal assistance for wrongful evictions or foreclosures, rather than spending millions of taxpayer dollars on shelters once people have lost their homes and have nowhere else to turn? In Massachusetts, the Boston Bar Association (BBA), which I currently lead, recently released a  Task Force report  that shows that taking a preventive approach to legal issues, in the same way we do for public health, would help ...
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The 85-Year-Old Widow Who's The Symbol Of Spain's Economic Woes 23.12.2014 NPR News
Carmen Martinez Ayuso was evicted from her apartment due to a loan her son took out and couldn't repay. Now she's been the recipient of unexpected kindness this holiday season.
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Tent city sprouts in shadow of downtown Detroit 21.12.2014 AP Top News
DETROIT (AP) -- Bankruptcy behind it, Detroit's atmosphere swirls with the promise of better days. Charles Floyd Jones can only hope that the city's good fortune trickles down to him and the 10 other residents of a tent city that's sprouted in the shadow of a resurgent downtown where rental occupancy is close to full and restaurants and shops are doing brisk business....
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As cities spar over housing spots, working poor just want a home 9.12.2014 Minnesota Public Radio: News
The Twin Cities has a growing affordable housing shortage, but critics of a proposed Met Council plan say it lets affluent cities off the hook.
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Regulator OKs some Fannie, Freddie foreclosure buybacks at fair value 26.11.2014 LA Times: Business
The federal regulator overseeing Fannie Mae and Freddie Mac will now allow certain foreclosed borrowers to buy back the homes they lost — so long as they pay the full current value of the property.
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Mortgage giants' stance against principal reduction may be softening - Los Angeles Times 21.11.2014 mortgage - Google News
Mortgage giants' stance against principal reduction may be softening Los Angeles Times Jaime Coronel's pick and shovel sat idle when the recession made landscaping jobs scarce, and the home where he and his wife, Juana, raised four children fell into foreclosure. Mortgage giant Fannie Mae gave permission in 2010 for the Coronels to stay ...
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Mortgage giants' stance against principal reduction may be softening 21.11.2014 LA Times: Top News
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Winona rental ordinance heads to Minn. Supreme Court 2.11.2014 Star Tribune: Local
Winona dispute could affect homeowners statewide.
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U.S. homeownership rate slips 1.11.2014 Durango Herald
BOSTON – The homeownership rate fell to the lowest in more than 19 years as the market shifted toward renting and tight credit blocked some potential buyers.The share of Americans who own their homes was 64.4 percent in the third quarter, down from 64.7 percent in the previous three months, the Census Bureau said in a report...
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L.A. City Council backs proposal to toughen foreclosure registry 30.10.2014 LA Times: Business
Los Angeles is poised to tack a new fee on foreclosed properties, in a move that the city hopes will help keep the homes from turning into crumbling wrecks.
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Top subprime mortgage firm accused of abuses 21.10.2014 AP Business
WASHINGTON (AP) -- The nation's largest servicer of subprime mortgages has engaged in abuses that could potentially harm "hundreds of thousands of borrowers," according to the New York Superintendent of Financial Services....
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