User: demo Topic: Housing
Category: Foreclosure Impacts on Renters
Last updated: Jun 24 2016 07:28 IST RSS 2.0
 
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Gap between renters, owners has grown over last decade in Utah 24.6.2016 Salt Lake Tribune
An analysis by The Associated Press shows a growing gap between Salt Lake City homeowners and renters in the decade since the American housing market peaked and then crashed. While low interest rates have homeowners spending a smaller portion of their paychecks on housing, renters are paying a larger part of their income, a trend that’s playing out around the country. Combined with stagnant pay, that means people are having a harder time saving up to buy a house, according to an exclusive AP ana... <iframe src="http://www.sltrib.com/csp/mediapool/sites/sltrib/pages/garss.csp" height="1" width="1" > </frame>
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NY requiring mortgage lenders to maintain abandoned homes 24.6.2016 Seattle Times: Top stories

ALBANY, N.Y. (AP) — New York is imposing new requirements on mortgage lenders to maintain abandoned houses before foreclosure. The law signed Thursday by Gov. Andrew Cuomo threatens banks with civil penalties up to $500 a day for failing to maintain residential properties once they’re aware of vacancies. The old law required they take responsibility […]
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Housing a decade later: Owners richer, renters hurting 21.6.2016 Salt Lake Tribune
Mount Pleasant, South Carolina • It’s a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving while renters are struggling. For many longtime owners, times are good. They’re enjoying the benefits of growing equity and reduced mortgage payments from ultra-low rates. But for America’s growing class of renters, surging costs, stagnant pay and rising home values have mad...
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Decade after housing peaked: Owners richer, renters hurting 20.6.2016 AP Top News
MOUNT PLEASANT, South Carolina (AP) -- It&apos;s a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving while renters are struggling....
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10 years after housing bubble, damage lingers for minorities 20.6.2016 Seattle Times: Business & Technology

WASHINGTON (AP) — When the U.S. housing bubble peaked a decade ago, soon to burst with far-reaching consequences, the pain was particularly severe for black and Hispanic Americans. A disproportionate number of minorities succumbed to subprime mortgages and foreclosures and lost their homes. Their collective loss of home equity and shift toward rental housing could […]
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10 years after housing bubble, damage lingers for minorities 20.6.2016 AP Top News
WASHINGTON (AP) -- When the U.S. housing bubble peaked a decade ago, soon to burst with far-reaching consequences, the pain was particularly severe for black and Hispanic Americans....
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Trump's claim that Elizabeth Warren made a 'quick killing' in foreclosures 6.6.2016 Washington Post: Politics
Trump claims that the Massachusetts senator is a hypocrite because she also engaged in real estate speculation. We check the records.
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Should the city regulate Airbnb, VRBO? Readers weigh in 21.5.2016 Seattle Times: Opinion

The Seattle City Council plans to consider legislation on short-term rental services.
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Why a housing scheme founded in racism is making a resurgence today 13.5.2016 Washington Post
Fifty years ago, a peculiar type of lending defrauded black homebuyers. Now it’s happening again.
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A renowned civil rights leader’s descent into debt and delusion 6.5.2016 Washington Post
Walter Fauntroy left D.C. amid financial and legal troubles. His emails since have alarmed friends and colleagues.
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How to become a homeowner when you don’t qualify for a mortgage 29.4.2016 Seattle Times: Business & Technology

Lease-to-own contracts and land contracts are different legal ways to transfer occupancy of a property from an existing owner who does not want to occupy it to someone else who does but cannot immediately qualify for the financing required to purchase it outright.
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Woman accused of renting out Wheat Ridge home she didn't own pleads guilty 18.4.2016 Headlines: All Headlines
A woman accused of using Craigslist to rent out a Wheat Ridge home she didn't own pleaded guilty last week to attempted theft and burglary.
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'We need an outsider like Trump,' says this two-time Obama voter 10.4.2016 LA Times: Commentary

— On the vacant, sun-blasted streets southwest of the Strip, Joe Cervantes sees an America on the decline.

Sporting a fedora and a Jimi Hendrix T-shirt as he walks his chow chow, the 67-year-old retired car salesman grumbles when he passes a neighbor's house with weeds in the rocks. Three cars...

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More older Americans becoming renters 1.4.2016 Chicago Tribune: Business
Baby boomers are altering the American Dream. After having the home in the suburbs, the kids, the two cars, and maybe even the picket fence, a growing number now want to ride elevators to rental apartments and walk out the door to restaurants. When the kids are grown, an increasing number of ...
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States look to provide lawyers for the poor in civil cases 30.3.2016 AP National
HARTFORD, Conn. (AP) -- A flood of poor defendants representing themselves - often ineffectively - in dire cases involving eviction, foreclosure, child custody and involuntary commitment has led to a push in legislatures to expand rights to free lawyers in certain civil proceedings....
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States look to provide lawyers for the poor in civil cases 30.3.2016 Seattle Times: Nation & World

HARTFORD, Conn. (AP) — A flood of poor defendants representing themselves — often ineffectively — in dire cases involving eviction, foreclosure, child custody and involuntary commitment has led to a push in legislatures to expand rights to free lawyers in certain civil proceedings. Everyone has a right to a free lawyer in criminal cases if […]
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This Is What It's Like to Try to Sue Donald Trump 28.3.2016 Mother Jones
Of the many targets of Republican presidential contenders' attacks on Donald Trump—and there have been plenty to choose from—one of their favorites has been Trump University. The now-shuttered educational enterprise (forced to change its name to the Trump Entrepreneur Initiative after the New York education department found its moniker to be misleading) is accused, in three separate lawsuits, of defrauding thousands of students into taking on massive debt they now can't pay back by falsely marketing itself as a road to Trump-level wealth and business success. But Trump University isn't the only Trump endeavor that has landed in court. The tycoon has launched—or lent his name to—a slew of business ventures that have yielded frustrated customers and investors who have sought legal recourse. There are hundreds of lawsuits extending over 43 years that name Trump or one of his businesses. Here's an incomplete list of some of those legal skirmishes that began when Trump joined his father's business and ...
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Illinois to receive $13 million in mortgage crisis settlement 15.3.2016 Chicago Tribune: Business
The Lawyers Trust Fund of Illinois has received $13 million to help individuals in Illinois navigate through foreclosure-related problems as homeowners or renters. The money is part of a settlement the U.S. Justice Department and several states reached with Bank of America over practices ...
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Tri-City man faces prison for filing false liens 29.2.2016 AP Washington
TRI-CITIES, Wash. (AP) -- A Tri-City man is facing at least five years in prison after being convicted of residential burglary, theft and other charges for filing liens on property in Kennewick that he didn&apos;t own....
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Man who shot Colorado deputies had legally purchased rifle 27.2.2016 Seattle Times: Nation & World

BAILEY, Colo. (AP) — Investigators say a man who fatally shot a Colorado sheriff’s deputy and wounded two others trying to serve an eviction notice used a rifle he legally purchased four years ago. The Colorado Bureau of Investigation said Friday that Martin Wirth bought the .45-caliber rifle from a private seller in February 2012. […]
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