User: demo Topic: Housing
Category: Foreclosure Impacts on Renters
Last updated: Jun 21 2017 11:43 IST RSS 2.0
 
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Puerto Rico families fight, flee a surge in foreclosures 21.6.2017 Washington Post: World
Elvis Guzman opened the letter, saw it was in English and took it to his lawyer for translation.
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Puerto Rico families fight, flee a surge in foreclosures 21.6.2017 Seattle Times: Nation & World

SAN JUAN, Puerto Rico (AP) — Elvis Guzman opened the letter, saw it was in English and took it to his lawyer for translation. The 59-year-old who sells recycled metal for a living figured it was another letter from the bank warning his family that they were behind on their mortgage payments. But the news […]
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Protect yourself as soon as possible if renting during a foreclosure 9.6.2017 Washington Post
Protect yourself as soon as possible if renting during a foreclosure
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These loans were created to help homeowners, but for some they did the opposite 4.6.2017 LA Times: Business

After nearly half a century at the house on South Sierra Bonita Avenue in Los Angeles, Ossie Hill wanted to spruce up the two-bedroom home she and her late husband purchased in the early 1970s.

But the 86-year-old didn’t have the money.

Then her daughter, Cassina Edwards, had an idea, recalling...

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With some borrowers struggling with a new kind of home-improvement loan, reforms are on the table 4.6.2017 LA Times: Commentary

Business has been good for contractors whose home-improvement jobs are financed by a new program known as PACE.

Lenders eager to fund the energy-efficiency projects that the financing pays for offer contractors online tools to manage their business and sign up customers.

For example, type in an...

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3 Northern California men convicted in massive bid-rigging scheme to buy foreclosed properties 3.6.2017 LA Times: Commentary

Three Northern California men, including one of Oakland’s largest landlords, were convicted Friday of creating a massive bid-rigging scheme to scoop up hundreds of foreclosed properties at suppressed prices, U.S. Department of Justice officials said.

A federal jury convicted Michael Marr, Javier...

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After complaints, Fannie Mae will stop selling homes to firm in rent-to-own business 25.5.2017 Seattle Times: Business & Technology
The government-controlled mortgage-finance giant said it had stopped selling properties to Vision Property Management after conducting a review of the firm’s rent-to-own program.
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Why half of Cook County renters pay more than they can afford in rent 11.5.2017 Chicago Tribune: Business
Over half of the renters in Cook County are paying more for housing each month than they can afford, the highest level since 1990, a new study has found. The number of Cook County households that rent has soared since the financial crisis, with 44.2 percent of households in 2015 renting ...
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Fix-and-flip real estate scheme in Denver leads to felony charges against two men 2.5.2017 Denver Post: Business
A Denver grand jury has indicted two men on charges they ran a real estate scheme in the city that defrauded 10 investors of $ 1million with promises to fix and flip properties.
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Scams push foreclosure fraud to limit, taking victims’ homes 22.4.2017 Seattle Times: Nation & World

NEW YORK (AP) — The phone call came as Raymond Murray neared the bottom of his luck. His wife had died, his career had been ended by injuries, and struggling to get by on his disability check, he had scraped together just enough to pay a lawyer to avoid imminent foreclosure on his modest Brooklyn […]
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Scams push foreclosure fraud to limit, taking victims' homes 22.4.2017 AP Top News
NEW YORK (AP) -- The phone call came as Raymond Murray neared the bottom of his luck. His wife had died, his career had been ended by injuries, and struggling to get by on his disability check, he had scraped together just enough to pay a lawyer to avoid imminent foreclosure on his modest Brooklyn home....
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The perfect flip 2.3.2017 Washington Post
The perfect flip
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Residents fault landlord for problems at Sayles Place 27.2.2017 Washington Post
Residents fault landlord for problems at Sayles Place
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Landlords are taking over the U.S. housing market 23.2.2017 Denver Post: News: Local
As rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters -- and landlords.
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Dismantling Dodd-Frank -- And More 6.2.2017 American Prospect
This article appears in the Winter 2017 issue of The American Prospect magazine. Subscribe here .  History teaches us that financial regulations die from a thousand cuts rather than a signifying event. As Cornell University law professor Saule Omarova puts it, “Financial reform is like a big onion. The more layers you peel off, the harder you cry.” For example, by the time the Gramm-Leach-Bliley law removed the Glass-Steagall firewall between commercial and investment banks in 1999, that separation was already effectively wiped out—by administrative waivers granted by regulators. The 1994 Riegle-Neal Act that formally allowed banks to open branches across state lines came after a decade of states altering rules to undermine local control of finance. Deregulation of mortgage rules that led to the housing bubble rolled out over a 20-year period, spanning Carter, Reagan, Bush, and Clinton. And even then, it took the George W. Bush administration’s laissez-faire supervision to really supercharge predatory ...
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South Florida pair arrested in $17 million bank fraud scheme 26.1.2017 Seattle Times: Nation & World

HOLLYWOOD, Fla. (AP) — Authorities say two bank fraud suspects claimed to own $17 million worth of property in New York and Florida and then victimized tenants and residents there. Court documents show 63-year-old Issak Almaleh and 51-year-old Antoaneta Iotova were arrested Wednesday in Hollywood on charges of conspiracy to commit bank fraud, bank fraud, […]
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'Flip or Flop’: The phoenix-like rise and bizarre fall of HGTV's second-favorite couple 12.1.2017 Washington Post
'Flip or Flop’: The phoenix-like rise and bizarre fall of HGTV's second-favorite couple
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Trailer park purchase helps Pitkin County preserve affordable housing 23.12.2016 Denver Post: Local
Pitkin County's commissioners, who have been looking for ways to increase affordable housing options in the upper Roaring Fork Valley, agreed Wednesday to spend as much as $7.5 million to buy the Phillips Mobile Home Park in Old Snowmass.
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Cold front moves into Denver metro area; chance of snow on Christmas 21.12.2016 Denver Post: Local
Tuesday's spring-like temperatures won't last. As the sun rises Wednesday, temperatures will drop as a cold front moves in from the northwest, forecasters say.
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Hiring a board member as a vendor is not good business for an HOA 10.12.2016 LA Times: Commentary

Question: Our board has five members and the president of our homeowner association is a real estate salesperson. Her three friends are also on the board and voted to approve hiring the president to act as property manager of a foreclosed condo in our development that the association owns. Our...

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