User: demo Topic: Housing
Category: Foreclosure Impacts on Renters
Last updated: Jul 13 2016 20:00 IST RSS 2.0
 
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Foreclosures continue to haunt displaced homeowners in metro Denver 13.7.2016 Denver Post: Business
Metro Denver residents who lost their homes in foreclosure during the Great Recession must endure yet another indignity all these years later: watching on the sidelines as the properties they once owned skyrocket in value at some of the highest rates in the country.
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Exceptions to rule: Big cities where homes remain affordable 12.7.2016 Seattle Times: Top stories

ST. LOUIS (AP) — Until recently, Christina Brouk was living with her parents. Now, still in her early 20s, she’s living the American dream of home ownership — the same dream that’s grown elusive for many young adults since the housing bubble peaked 10 years ago. Homes in many areas of the United States have […]
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Housing bubble or not? Signs here not clear — yet 9.7.2016 Seattle Times: Business & Technology

The rapidly climbing price of Seattle homes could be the symptom of a real-estate bubble, or proof of its strong economy. The arguments, pro and con.
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Did conspiracy group help fugitives escape? 7.7.2016 CNN: Top Stories
John and Julieanne Dimitrion scammed good people out of their homes, the FBI says, and then they disappeared.
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Spokane rental market at near historic low vacancy rate 6.7.2016 AP Washington
SPOKANE, Wash. (AP) -- It's tough to find an apartment to rent in Spokane....
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When the neighborhood is owned by billion-dollar companies 3.7.2016 AP Top News
APOPKA, Florida (AP) -- Many of the single-family homes in the Piedmont Park neighborhood of Apopka, Florida, used to be owned by families - the Vargases and the Townes, the Pierces and the Riddles. Now, they're owned by Blackstone, American Homes 4 Rent and Colony Starwood Homes, companies associated with big real estate investment firms....
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When the neighborhood is owned by billion-dollar companies 3.7.2016 Seattle Times: Top stories

APOPKA, Florida (AP) — Many of the single-family homes in the Piedmont Park neighborhood of Apopka, Florida, used to be owned by families — the Vargases and the Townes, the Pierces and the Riddles. Now, they’re owned by Blackstone, American Homes 4 Rent and Colony Starwood Homes, companies associated with big real estate investment firms. […]
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To fight foreclosure, NYC buying mortgages 1.7.2016 Seattle Times: Business & Technology

NEW YORK — New York City is taking a novel approach to addressing enduring pockets of the home-foreclosure crisis by buying long-unpaid mortgages, with plans to help owners stay in their homes if possible or use the properties as affordable housing if not, officials say. It’s among the first cities to pursue buying such loans […]
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To fight foreclosure, NYC is buying mortgages 1.7.2016 Salt Lake Tribune
New York City is taking a novel approach to addressing enduring pockets of the home foreclosure crisis by buying long-unpaid mortgages, with plans to help owners stay in their homes if possible or use the properties as affordable housing if not, officials say. It’s among the first cities to pursue buying such loans directly from the federal Department of Housing and Urban Development, officials say. Housing advocates and some lawmakers have pressed HUD to make it easier for cities and nonprofit ... <iframe src="http://www.sltrib.com/csp/mediapool/sites/sltrib/pages/garss.csp" height="1" width="1" > </frame>
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APNewsBreak: To fight foreclosure, NYC buying mortgages 30.6.2016 AP Business
NEW YORK (AP) -- New York City is taking a novel approach to addressing enduring pockets of the home foreclosure crisis by buying long-unpaid mortgages, with plans to help owners stay in their homes if possible or use the properties as affordable housing if not, officials say....
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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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